Former Spanish colonies Compared by Economy > Household spending
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 constant 2000 U.S. dollars.".
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Interesting observations about Economy > Household spending
- United States has had the highest household spending since 1970.
- China ranked first for household spending amongst Emerging markets in 2009.
- Germany ranked first for household spending amongst European Union in 2009.
- France ranked first for household spending amongst Catholic countries in 2009.
- Mexico ranked first for household spending amongst Former Spanish colonies in 2009.
- United Kingdom ranked second for household spending amongst Europe in 2009.
- Japan ranked second for household spending amongst High income OECD countries in 2009.
- Brazil ranked first for household spending amongst Hot countries in 2009.
- Canada ranked last for household spending amongst Group of 7 countries (G7) in 2009.
- European Union has ranked in the top 2 for household spending since 1960.