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Data Dictionary: World Development Indicators 2015
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Data Source: Social Explorer; The World Bank
Universe: Universe:
Variable Details
T54. Final Consumption Expenditure (Current US$)
Universe: Universe:
T160_005Household Final Consumption Expenditure
Percent base:
None - percentages not computed (variable is table universe)
Aggregation method:
Addition
Formula used to compute this variable:
#ReturnType oretval = new #ReturnType(); oretval = (ORG:WDI3_060)/1000000; return oretval;
Variables used in the formula:
ORG:WDI3_060
Household Final Consumption Expenditure (Current US$)
Relevant Documentation:
Excerpt from: Social Explorer; World Development Indicators 2013: Technical Documentation
  World development Indicators: Technical Documentation -> Variable Descriptions -> Final Consumption Expenditure, etc.(Current US$)
Final Consumption Expenditure, etc.(Current US$)
Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current U.S. dollars.
Excerpt from: Social Explorer; World Development Indicators 2013: Technical Documentation
  World development Indicators: Technical Documentation -> Variable Descriptions -> Final Consumption Expenditure, etc.(Annual % Growth)
Final Consumption Expenditure, etc.(Annual % Growth)
Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.
Excerpt from: Social Explorer; World Development Indicators 2013: Technical Documentation
  World development Indicators: Technical Documentation -> Variable Descriptions -> Household Final Consumption Expenditure, etc. (Current US$)
Household Final Consumption Expenditure, etc. (Current US$)
Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current U.S. dollars.
Excerpt from: Social Explorer; World Development Indicators 2013: Technical Documentation
  World development Indicators: Technical Documentation -> Variable Descriptions -> Household Final Consumption Expenditure, etc. (Annual % Growth)
Household Final Consumption Expenditure, etc. (Annual % Growth)
Annual percentage growth of household final consumption expenditure is based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.