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. Data are in constant local currency. Every country, region and year the World Bank publishes for indicator NE.CON.PETC.KN (WDI Database Archives), delivered as a tidy table — country, ISO code, year and value — ready for analysis in Excel, R, Python or the Intigal AI workspace. Original compiler: World Bank national accounts data, and OECD National Accounts data files..
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Version 1: Listed from the publisher's open-data release.
Original source: api.worldbank.org · CC BY 4.0 — free to reuse with attribution to the World Bank