Georgia: Household consumption, percent of GDP
* indicates monthly or quarterly data series
Georgia |
Household consumption as percent of GDP |
---|---|
Latest value | 68.91 |
Year | 2023 |
Measure | percent |
Data availability | 1980 - 2023 |
Average | 76.65 |
Min - Max | 52.86 - 138.88 |
Source | The World Bank |
The latest value from 2023 is 68.91 percent, a decline from 73.14 percent in 2022. In comparison, the world average is 63.66 percent, based on data from 131 countries. Historically, the average for Georgia from 1980 to 2023 is 76.65 percent. The minimum value, 52.86 percent, was reached in 1984 while the maximum of 138.88 percent was recorded in 1994.
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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 | Reference | Measure |
---|---|---|---|
Capital investment, percent of GDP | 25.94 | 2023 | percent |
Capital investment, in dollars | 7.92 | 2023 | billion U.S. dollars |
Household consumption, percent of GDP | 68.91 | 2023 | percent |
Household consumption, in dollars | 21.04 | 2023 | billion U.S. dollars |
Household consumption | 16.30 | Q2/2024 | billion |
Consumption as percent of GDP | 73.74 | Q2/2024 | percent |
Consumption growth | 27.07 | Q2/2024 | percent |
Investment | 4.56 | Q2/2024 | billion |
Investment as percent of GDP | 20.61 | Q2/2024 | percent |
Investment growth | 15.34 | Q2/2024 | percent |