Final consumption expenditure (current LCU)

This economic indicator represents the aggregate spending by households and the government on goods and services, encapsulating the financial outflows directed towards final consumption within a specific time frame. It encompasses expenditures from private households—reflecting consumer behavior and preferences—as well as outlays made by the government, indicating public priorities and policy decisions. By measuring this in current local currency units, the data provides a dynamic snapshot of the economy’s consumption patterns, revealing trends and shifts in spending power and overall economic health. Changes in this indicator can offer insights into consumer confidence, public sector priorities, and the impact of economic policies on national welfare, helping to forecast future economic conditions and inform strategic planning. Source: