Households and NPISHs Final consumption expenditure (annual % growth)

This metric measures the annual growth rate of final consumption expenditure by households and non-profit institutions serving households (NPISHs), adjusted for inflation based on constant local currency values. Revenue figures are standardized to constant 2015 U.S. dollar prices, providing a stable benchmark for comparison. The calculation encompasses all market values of purchased goods and services, ranging from essential items to durable goods, while excluding actual home purchases. Notably, it accounts for services provided by NPISHs, enhancing the understanding of economic distribution and household welfare. This comprehensive approach offers valuable insights into spending trends, economic resilience, and shifts in consumption behaviors within the domestic economy. Source: