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Nominal GDP - Private Consumption (USD)
Private consumption is a component of Gross Domestic Product (GDP) and refers to the total expenditure by households and non-profit institutions on goods and services over a specific period. It reflects the living standards and consumer behavior of a country's residents and exerts a significant impact on economic growth.
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Other Economic Data
World - Nominal GDP - General Government Expenditures (USD)
16,689
b
World - Nominal GDP - Private Consumption Expenditure (% of GDP)
55.3
%
World - Nominal GDP - Gross Capital Formation (% of GDP)
26.1
%
World - Nominal GDP - General Government Expenditures (% of GDP)
16.5
%
