Guinea: Household consumption, percent of GDP

* indicates monthly or quarterly data series

Household consumption as percent of GDP

 Latest value 51.99
 Year 2023
 Measure percent
 Data availability 1986 - 2023
 Average 64.43
 Min - Max 45.87 - 93.82
 Source The World Bank
For that indicator, we provide data for Guinea from 1986 to 2023. The average value for Guinea during that period was 64.43 percent with a minimum of 45.87 percent in 1990 and a maximum of 93.82 percent in 2007. The latest value from 2023 is 51.99 percent. For comparison, the world average in 2023 based on 131 countries is 63.66 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 - Household consumption, percent of GDP - Recent values chart

Historical chart
Guinea - Household consumption, percent of GDP - historical chart - 1986-2023

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 29.81 2022 percent
 Capital investment, in dollars 5.57 2023 billion U.S. dollars
 Household consumption, percent of GDP 51.99 2023 percent
 Household consumption, in dollars 12.28 2023 billion U.S. dollars
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