Upper middle income - Household final consumption expenditure (annual % growth)
The value for Household final consumption expenditure (annual % growth) in Upper middle income was -4.24 as of 2020. As the graph below shows, over the past 24 years this indicator reached a maximum value of 9.11 in 2007 and a minimum value of -4.24 in 2020.
Definition: Annual percentage growth of household final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1996 | 5.91 |
| 1997 | 4.74 |
| 1998 | 2.15 |
| 1999 | 2.53 |
| 2000 | 6.36 |
| 2001 | 3.07 |
| 2002 | 3.95 |
| 2003 | 4.56 |
| 2004 | 7.18 |
| 2005 | 7.35 |
| 2006 | 7.80 |
| 2007 | 9.11 |
| 2008 | 6.24 |
| 2009 | 2.39 |
| 2010 | 8.00 |
| 2011 | 9.04 |
| 2012 | 6.32 |
| 2013 | 5.85 |
| 2014 | 4.98 |
| 2015 | 3.59 |
| 2016 | 4.28 |
| 2017 | 6.25 |
| 2018 | 5.37 |
| 2019 | 4.03 |
| 2020 | -4.24 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
