Australia: Household consumption as percent of GDP, 1960 - 2020:
For that indicator, we provide data for Australia from 1960 to 2020. The average value for Australia during that period was 56.63 percent with a minimum of 53.55 percent in 1974 and a maximum of 59.12 percent in 1983.
The latest value from 2020 is 53.67 percent. For comparison, the world average in 2020 based on 129
countries is 64.36 percent.
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use the country comparator to compare trends over time.
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.