Iraq: Household consumption, percent of GDP

The latest value from 2022 is 31.81 percent, a decline from 40.34 percent in 2021. In comparison, the world average is 62.93 percent, based on data from 162 countries. Historically, the average for Iraq from 1970 to 2022 is 41.76 percent. The minimum value, 13.54 percent, was reached in 2000 while the maximum of 94.29 percent was recorded in 1991. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.