European Union - Household final consumption expenditure per capita

Household final consumption expenditure per capita (constant 2010 US$)

The latest value for Household final consumption expenditure per capita (constant 2010 US$) in European Union was 16,360 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between 17,670 in 2019 and 7,426 in 1970.

Definition: Household final consumption expenditure per capita (private consumption per capita) is calculated using private consumption in constant 2010 prices and World Bank population estimates. Household final consumption expenditure 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 constant 2010 U.S. dollars.

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

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Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts