Australia: Household consumption, in dollars

* indicates monthly or quarterly data series

Household consumption, billion USD

 Latest value 824.3
 Year 2022
 Measure billion U.S. dollars
 Data availability 1960 - 2022
 Average 275.89
 Min - Max 10.72 - 860.95
 Source The World Bank
For that indicator, we provide data for Australia from 1960 to 2022. The average value for Australia during that period was 275.89 billion U.S. dollars with a minimum of 10.72 billion U.S. dollars in 1960 and a maximum of 860.95 billion U.S. dollars in 2013. The latest value from 2022 is 824.3 billion U.S. dollars. For comparison, the world average in 2022 based on 141 countries is 258.65 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Australia - Household consumption, in dollars - recent values

Historical chart
Australia - Household consumption, in dollars - historical chart - 1960-2022

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. Data are in current U.S. dollars.

 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 23.57 2022 percent
 Capital investment, in dollars 399.09 2022 billion U.S. dollars
 Household consumption, percent of GDP 48.69 2022 percent
 Household consumption, in dollars 824.30 2022 billion U.S. dollars
 Household consumption 329.58 Q3/2023 billion
 Consumption as percent of GDP 50.36 Q3/2023 percent
 Consumption growth 6.04 Q3/2023 percent
 Investment 155.76 Q3/2023 billion
 Investment as percent of GDP 23.80 Q3/2023 percent
 Investment growth 10.90 Q3/2023 percent
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