The overall household consumption expenditure in Angola as of 2020 corresponded to roughly 63 percent of the country's Gross Domestic Product. This was the highest share since 2009, while the lowest was estimated in 2011, at roughly 34 percent. Since then, a gradual increase in household consumption as a share of the GDP occurred annually and almost doubled in 2019 compared to its status in 2011.
Household final consumption expenditure as a percentage of GDP in Angola from 2009 to 2020
Household final consumption expenditure is the market value of all goods and services, including durable products, 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 non-profit institutions serving households, even when reported separately by the country.
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World Bank. (December 16, 2021). Household final consumption expenditure as a percentage of GDP in Angola from 2009 to 2020 [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1224577/household-final-consumption-expenditure-in-angola-as-percentage-of-gdp/
World Bank. "Household final consumption expenditure as a percentage of GDP in Angola from 2009 to 2020." Chart. December 16, 2021. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1224577/household-final-consumption-expenditure-in-angola-as-percentage-of-gdp/
World Bank. (2021). Household final consumption expenditure as a percentage of GDP in Angola from 2009 to 2020. Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1224577/household-final-consumption-expenditure-in-angola-as-percentage-of-gdp/
World Bank. "Household Final Consumption Expenditure as a Percentage of Gdp in Angola from 2009 to 2020." Statista, Statista Inc., 16 Dec 2021, https://www.statista.com/statistics/1224577/household-final-consumption-expenditure-in-angola-as-percentage-of-gdp/
World Bank, Household final consumption expenditure as a percentage of GDP in Angola from 2009 to 2020 Statista, https://www.statista.com/statistics/1224577/household-final-consumption-expenditure-in-angola-as-percentage-of-gdp/ (last visited November 24, 2024)
Household final consumption expenditure as a percentage of GDP in Angola from 2009 to 2020 [Graph], World Bank, December 16, 2021. [Online]. Available: https://www.statista.com/statistics/1224577/household-final-consumption-expenditure-in-angola-as-percentage-of-gdp/
