Economy > Household spending per capita: Countries Compared
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DEFINITION:
Household final consumption expenditure per capita (private consumption per capita) is calculated using private consumption in constant 2000 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 2000 U.S. dollars.".
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Interesting observations about Economy > Household spending per capita
- United States has had the highest household spending per capita since 1993.
- Argentina ranked first for household spending per capita amongst Emerging markets in 2009.
- Switzerland ranked first for household spending per capita amongst Europe in 2009.
- Luxembourg ranked first for household spending per capita amongst European Union in 2009.
- Japan ranked second for household spending per capita amongst High income OECD countries in 2009.
- Italy ranked last for household spending per capita amongst Group of 7 countries (G7) in 2009.
- Australia ranked first for household spending per capita amongst Hot countries in 2008.
- Democratic Republic of the Congo has ranked last for household spending per capita since 1997.
- Norway ranked second for household spending per capita amongst NATO countries in 2009.
- France ranked third for household spending per capita amongst Catholic countries in 2009.
- China ranked second last for household spending per capita amongst Non-religious countries in 2009.
