Guinea-Bissau: Household consumption, percent of GDP

* indicates monthly or quarterly data series

Household consumption as percent of GDP

 Latest value 81.6
 Year 2020
 Measure percent
 Data availability 1970 - 2020
 Average 87.09
 Min - Max 70.29 - 104.57
 Source The World Bank
For that indicator, we provide data for Guinea-Bissau from 1970 to 2020. The average value for Guinea-Bissau during that period was 87.09 percent with a minimum of 70.29 percent in 1981 and a maximum of 104.57 percent in 1985. The latest value from 2020 is 81.6 percent. For comparison, the world average in 2020 based on 159 countries is 63.63 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
Guinea-Bissau - Household consumption, percent of GDP - recent values

Historical chart
Guinea-Bissau - Household consumption, percent of GDP - historical chart - 1970-2020

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.

 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 16.75 2020 percent
 Capital investment, in dollars 0.24 2020 billion U.S. dollars
 Household consumption, percent of GDP 81.60 2020 percent
 Household consumption, in dollars 1.17 2020 billion U.S. dollars
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