Laos

Household Consumption (% of GDP)

65.69
percent of GDP
Dec 85Dec 87Dec 00Dec 02Dec 04Dec 06Dec 08Dec 10Dec 12Dec 14Dec 160.00025.0050.0075.00100.00
  • Laos
  • Global Median
Source: IMF

Global Ranking

72
Macedonia66.37
73
Mozambique66.33
75
Belize65.77
76
Swaziland65.76
77
Laos65.69
79
Peru64.94
80
Bahamas64.82
81
Portugal64.21

Asia Ranking

6
Sri Lanka70.73
8
Cambodia69.68
9
Vietnam67.86
10
Hong Kong66.52
11
Laos65.69
12
Bhutan62
13
Malaysia60.83
14
Azerbaijan60.56
15
Mongolia60.47
16
Indonesia58.97

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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