Laos

Household Consumption (USD)

10.45
billion USD
Dec 85Dec 87Dec 00Dec 02Dec 04Dec 06Dec 08Dec 10Dec 12Dec 14Dec 160.0008.00016.0024.0032.00
  • Laos
  • Global Median
Source: IMF

Global Ranking

111
Albania12.34
112
Macao11.91
113
Iceland11.14
114
Benin10.65
115
Jamaica10.52
116
Laos10.45
117
Mozambique10.2
118
Madagascar10.03
119
Somalia10.01
121
Moldova9.83

Asia Ranking

18
Uzbekistan34.84
19
Nepal28.49
21
Cambodia17.98
22
Macao11.91
23
Laos10.45
24
Mongolia8.05
28
Brunei2.85

News

Definition of Household Consumption (USD)

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. Data are in current U.S. dollars.

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