Kuwait

Household Consumption (% of GDP)

41.36
percent of GDP
Dec 67Dec 71Dec 75Dec 79Dec 83Dec 87Dec 91Dec 95Dec 99Dec 03Dec 07Dec 11Dec 15Dec 190.00025.0050.0075.00100.00
  • Kuwait
  • Global Median
Source: IMF

Global Ranking

158
Sweden43.88
159
Saudi Arabia43.07
160
Iraq42.7
161
Gabon42
163
Kuwait41.36
164
Sudan39.9
166
Bahrain39.65
168
Zambia38.48

Middle East Ranking

6
Israel49.51
7
Iran48.77
8
Oman44.05
10
Iraq42.7
11
Kuwait41.36
12
Bahrain39.65
14
Qatar25.98

News

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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