Guyana

Household Consumption (% of GDP)

73.41
percent of GDP
Dec 60Dec 63Dec 66Dec 69Dec 72Dec 75Dec 78Dec 81Dec 84Dec 87Dec 90Dec 93Dec 96Dec 99Dec 02Dec 050.00020.0040.0060.0080.00
  • Guyana
  • Global Median
Source: IMF

Definition of Household Consumption (% of GDP)

Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.

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