Togo: Household consumption, in dollars
* indicates monthly or quarterly data series
Togo |
Household consumption, billion USD |
---|---|
Latest value | 7.16 |
Year | 2023 |
Measure | billion U.S. dollars |
Data availability | 1963 - 2023 |
Average | 2.11 |
Min - Max | 0.18 - 7.16 |
Source | The World Bank |
The latest value from 2023 is 7.16 billion U.S. dollars, an increase from 6.53 billion U.S. dollars in 2022. In comparison, the world average is 221.09 billion U.S. dollars, based on data from 131 countries. Historically, the average for Togo from 1963 to 2023 is 2.11 billion U.S. dollars. The minimum value, 0.18 billion U.S. dollars, was reached in 1963 while the maximum of 7.16 billion U.S. dollars was recorded in 2023.
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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. Data are in current U.S. dollars.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Capital investment, percent of GDP | 22.95 | 2023 | percent |
Capital investment, in dollars | 2.11 | 2023 | billion U.S. dollars |
Household consumption, percent of GDP | 78.08 | 2023 | percent |
Household consumption, in dollars | 7.16 | 2023 | billion U.S. dollars |