South Africa: Household consumption, in dollars

* indicates monthly or quarterly data series
 South Africa

Household consumption, billion USD

 Latest value 244.54
 Year 2023
 Measure billion U.S. dollars
 Data availability 1960 - 2023
 Average 106.67
 Min - Max 5.28 - 288.36
 Source The World Bank
For that indicator, we provide data for South Africa from 1960 to 2023. The average value for South Africa during that period was 106.67 billion U.S. dollars with a minimum of 5.28 billion U.S. dollars in 1960 and a maximum of 288.36 billion U.S. dollars in 2011. The latest value from 2023 is 244.54 billion U.S. dollars. For comparison, the world average in 2023 based on 131 countries is 221.09 billion U.S. dollars. 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
South Africa - Household consumption, in dollars - Recent values chart

Historical chart
South Africa - Household consumption, in dollars - historical chart - 1960-2023

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. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 15.38 2022 percent
 Capital investment, in dollars 59.02 2023 billion U.S. dollars
 Household consumption, percent of GDP 64.73 2023 percent
 Household consumption, in dollars 244.54 2023 billion U.S. dollars
 Household consumption 1,130.53 Q3/2023 billion
 Consumption as percent of GDP 63.68 Q3/2023 percent
 Consumption growth 6.51 Q3/2023 percent
 Investment 269.08 Q3/2023 billion
 Investment as percent of GDP 15.16 Q3/2023 percent
 Investment growth 11.13 Q3/2023 percent
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