Europe Compared by Economy > Consumer spending
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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.".
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Interesting observations about Economy > Consumer spending
- Greece ranked first for consumer spending amongst High income OECD countries in 2009.
- Liberia ranked first for consumer spending amongst Christian countries in 2008.
- Pakistan ranked first for consumer spending amongst Emerging markets in 2009.
- Moldova ranked first for consumer spending amongst Europe in 2009.
- United States ranked first for consumer spending amongst Group of 7 countries (G7) in 2009.
- Somalia ranked first for consumer spending amongst Muslim countries in 1984.
- Albania ranked first for consumer spending amongst NATO countries in 2009.
- Tajikistan ranked first for consumer spending amongst Cold countries in 2009.
- Grenada ranked first for consumer spending amongst Heavily indebted countries in 2009.
- El Salvador ranked first for consumer spending amongst Former Spanish colonies in 2009.
- Haiti ranked first for consumer spending amongst Latin America and Caribbean in 2006.
