Colombia - Household final consumption expenditure (constant LCU)

The value for Household final consumption expenditure (constant LCU) in Colombia was 578,589,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 613,001,000,000,000 in 2019 and a minimum value of 63,720,100,000,000 in 1960.

Definition: 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. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 63,720,100,000,000
1961 68,084,900,000,000
1962 73,370,700,000,000
1963 76,929,600,000,000
1964 84,492,900,000,000
1965 82,690,900,000,000
1966 88,563,600,000,000
1967 90,443,200,000,000
1968 96,472,100,000,000
1969 103,739,000,000,000
1970 110,300,000,000,000
1971 118,727,000,000,000
1972 125,624,000,000,000
1973 131,718,000,000,000
1974 139,666,000,000,000
1975 143,798,000,000,000
1976 153,828,000,000,000
1977 160,040,000,000,000
1978 173,480,000,000,000
1979 180,959,000,000,000
1980 188,944,000,000,000
1981 194,451,000,000,000
1982 197,324,000,000,000
1983 198,214,000,000,000
1984 203,890,000,000,000
1985 207,716,000,000,000
1986 214,436,000,000,000
1987 222,530,000,000,000
1988 230,850,000,000,000
1989 238,307,000,000,000
1990 245,496,000,000,000
1991 249,353,000,000,000
1992 256,920,000,000,000
1993 272,592,000,000,000
1994 288,738,000,000,000
1995 304,456,000,000,000
1996 307,631,000,000,000
1997 315,035,000,000,000
1998 312,493,000,000,000
1999 295,630,000,000,000
2000 301,534,000,000,000
2001 306,202,000,000,000
2002 312,327,000,000,000
2003 321,516,000,000,000
2004 333,938,000,000,000
2005 348,741,000,000,000
2006 370,953,000,000,000
2007 395,261,000,000,000
2008 411,526,000,000,000
2009 418,556,000,000,000
2010 439,704,000,000,000
2011 463,891,000,000,000
2012 490,026,000,000,000
2013 512,699,000,000,000
2014 534,484,000,000,000
2015 551,013,000,000,000
2016 559,739,000,000,000
2017 571,235,000,000,000
2018 589,723,000,000,000
2019 613,001,000,000,000
2020 578,589,000,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts