Final consumption expenditure (constant 2015 US$)

This economic indicator represents the total spending by households and governments on goods and services deemed essential for daily life, measured in constant 2015 U.S. dollars to eliminate the effects of inflation. By integrating both household and government consumption, this metric provides a comprehensive view of the overall demand within an economy. It reflects not only consumer behavior but also the impact of government policies on public expenditure. Analysts and policymakers use this data to gauge economic health, consumer confidence, and the effectiveness of fiscal measures. Understanding trends in this indicator can aid in predicting future economic activity, shaping policies that promote sustainable growth, and addressing social welfare needs in the population. Source: