United Arab Emirates: Household consumption, in dollars
* indicates monthly or quarterly data series
United Arab Emirates |
Household consumption, billion USD |
---|---|
Latest value | 140.39 |
Year | 2020 |
Measure | billion U.S. dollars |
Data availability | 2001 - 2020 |
Average | 125.55 |
Min - Max | 61.09 - 184.18 |
Source | The World Bank |
The latest value from 2020 is 140.39 billion U.S. dollars, a decline from 163.82 billion U.S. dollars in 2019. In comparison, the world average is 283.40 billion U.S. dollars, based on data from 163 countries. Historically, the average for the United Arab Emirates from 2001 to 2020 is 125.55 billion U.S. dollars. The minimum value, 61.09 billion U.S. dollars, was reached in 2001 while the maximum of 184.18 billion U.S. dollars was recorded in 2008.
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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 | 22.79 | 2020 | percent |
Capital investment, in dollars | 79.63 | 2020 | billion U.S. dollars |
Household consumption, percent of GDP | 40.17 | 2020 | percent |
Household consumption, in dollars | 140.39 | 2020 | billion U.S. dollars |