United Kingdom: Household consumption, percent of GDP

(measure: percent; source: The World Bank)

United Kingdom: Household consumption as percent of GDP

: For that indicator, The World Bank provides data for the United Kingdom from 1965 to 2016. The average value for the United Kingdom during that period was 61.61 percent with a minumum of 53.61 percent in 1976 and a maximum of 66.73 percent in 1999. See the global rankings for that indicator or use the country comparator to compare trends over time.
From:
To:
Download as:
API



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.