Colombia: Household consumption, percent of GDP

* indicates monthly or quarterly data series

Household consumption as percent of GDP

 Latest value 71.86
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 69.35
 Min - Max 63.99 - 76.72
 Source The World Bank
For that indicator, we provide data for Colombia from 1960 to 2022. The average value for Colombia during that period was 69.35 percent with a minimum of 63.99 percent in 1990 and a maximum of 76.72 percent in 1964. The latest value from 2022 is 71.86 percent. For comparison, the world average in 2022 based on 141 countries is 62.27 percent. 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
Colombia - Household consumption, percent of GDP - Recent values chart

Historical chart
Colombia - Household consumption, percent of GDP - 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. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.

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 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 21.39 2022 percent
 Capital investment, in dollars 73.50 2022 billion U.S. dollars
 Household consumption, percent of GDP 71.86 2022 percent
 Household consumption, in dollars 246.92 2022 billion U.S. dollars
 Household consumption 301,396.93 Q3/2023 billion
 Consumption as percent of GDP 75.73 Q3/2023 percent
 Consumption growth 8.65 Q3/2023 percent
 Investment 55,489.02 Q3/2023 billion
 Investment as percent of GDP 13.94 Q3/2023 percent
 Investment growth -37.67 Q3/2023 percent
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