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

Households and NPISHs final consumption expenditure (% of GDP) in Madagascar was 76.82 as of 2020. Its highest value over the past 60 years was 87.45 in 1979, while its lowest value was 39.50 in 1980.

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 85.37
1961 83.65
1962 82.36
1963 83.86
1964 83.42
1965 84.29
1966 81.89
1967 79.37
1968 78.97
1969 78.77
1970 79.41
1971 80.55
1972 81.59
1973 83.29
1974 84.82
1975 86.06
1976 83.01
1977 84.50
1978 85.43
1979 87.45
1980 39.50
1981 50.65
1982 63.10
1983 64.54
1984 59.51
1985 69.28
1986 68.15
1987 62.09
1988 73.85
1989 48.22
1990 59.80
1991 61.57
1992 54.66
1993 55.35
1994 59.06
1995 83.16
1996 81.80
1997 79.95
1998 75.25
1999 74.93
2000 75.33
2001 69.51
2002 80.69
2003 75.25
2004 69.96
2005 75.04
2006 69.94
2007 65.56
2008 66.12
2009 71.93
2010 73.98
2011 73.58
2012 73.91
2013 77.66
2014 73.11
2015 73.31
2016 71.52
2017 71.61
2018 72.02
2019 70.90
2020 76.82

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