Venezuela: Household consumption, in dollars

The latest value from 2011 is 174.58 billion U.S. dollars, a decline from 219.77 billion U.S. dollars in 2010. In comparison, the world average is 250.72 billion U.S. dollars, based on data from 164 countries. Historically, the average for Venezuela from 1960 to 2011 is 45.24 billion U.S. dollars. The minimum value, 4.81 billion U.S. dollars, was reached in 1960 while the maximum of 219.77 billion U.S. dollars was recorded in 2010. See the global rankings or world map 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. Data are in current U.S. dollars.