Final Consumption Rate as a Share of GDP

(% of GDP)

Final Consumption refers to the total expenditure of resident units on the final consumption of goods and services in a certain period, namely the expenditure of the resident units for purchases of goods and services from the domestic economic territory and abroad to meet the requirements of material, cultural and spiritual life. It excludes the expenditure of non-resident units on consumption in the economic territory of the country. The final consumption is classified into household consumption and government consumption. Final Consumption Rate counts as a share of GDP in %.