Burkina Faso - Households and NPISHs final consumption expenditure (% of GDP)

Households and NPISHs final consumption expenditure (% of GDP) in Burkina Faso was 60.98 as of 2019. Its highest value over the past 59 years was 91.05 in 1981, while its lowest value was 57.59 in 1994.

Definition: 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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 88.14
1961 87.10
1962 86.96
1963 86.95
1964 85.31
1965 86.24
1966 87.36
1967 90.00
1968 87.88
1969 88.26
1970 86.45
1971 85.06
1972 82.76
1973 80.04
1974 74.03
1975 78.37
1976 77.55
1977 84.84
1978 83.99
1979 85.94
1980 90.21
1981 91.05
1982 83.51
1983 82.01
1984 82.50
1985 80.85
1986 80.85
1987 77.56
1988 77.32
1989 74.35
1990 73.52
1991 69.96
1992 69.65
1993 70.92
1994 57.59
1995 63.34
1996 67.72
1997 64.67
1998 68.85
1999 89.19
2000 88.75
2001 85.40
2002 85.54
2003 82.88
2004 83.96
2005 83.13
2006 81.97
2007 78.14
2008 79.68
2009 77.51
2010 71.59
2011 68.70
2012 69.13
2013 71.52
2014 70.22
2015 71.52
2016 68.76
2017 66.56
2018 64.28
2019 60.98

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Household final consumption expenditure is often estimated as a residual, by subtracting all other known expenditures from GDP. The resulting aggregate may incorporate fairly large discrepancies. When household consumption is calculated separately, many of the estimates are based on household surveys, which tend to be one-year studies with limited coverage. Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures. Complicating the issue, in many developing countries the distinction between cash outlays for personal business and those for household use may be blurred. Informal economic activities pose a particular measurement problem, especially in developing countries, where much economic activity is unrecorded. A complete picture of the economy requires estimating household outputs produced for home use, sales in informal markets, barter exchanges, and illicit or deliberately unreported activities. The consistency and completeness of such estimates depend on the skill and methods of the compiling statisticians.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts