Guyana: Household consumption, percent of GDP

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Guyana: Household consumption as percent of GDP

: For that indicator, we provide data for Guyana from 1960 to 2019. The average value for Guyana during that period was 65.45 percent with a minimum of 35.29 percent in 1986 and a maximum of 93.35 percent in 2008. The latest value from 2019 is 58.28 percent. For comparison, the world average in 2019 based on 133 countries is 62.93 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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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