Benin BJ: GDP: PPP: Household Final Consumption Expenditure

Benin BJ: GDP: PPP: Household Final Consumption Expenditure data was reported at 34,717.110 Intl $ mn in 2023. This records an increase from the previous number of 32,239.712 Intl $ mn for 2022. Benin BJ: GDP: PPP: Household Final Consumption Expenditure data is updated yearly, averaging 15,033.971 Intl $ mn from Dec 1992 (Median) to 2023, with 32 observations. The data reached an all-time high of 34,717.110 Intl $ mn in 2023 and a record low of 4,855.603 Intl $ mn in 1992. Benin BJ: GDP: PPP: Household Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Benin – Table BJ.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides values for households and NPISHs final consumption expenditure expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. 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. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From July 2020, “Households and NPISHs final consumption expenditure: linked series (current LCU)” [NE.CON.PRVT.CN.AD] is used as underlying expenditure in local currency unit so that it’s in line with time series of PPP conversion factor, private consumption (LCU per international $), which are extrapolated with linked CPI.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

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