Armenia AM: GDP: PPP: Household Final Consumption Expenditure

Armenia AM: GDP: PPP: Household Final Consumption Expenditure data was reported at 38,336.974 Intl $ mn in 2023. This records an increase from the previous number of 34,297.550 Intl $ mn for 2022. Armenia AM: GDP: PPP: Household Final Consumption Expenditure data is updated yearly, averaging 17,811.694 Intl $ mn from Dec 1993 (Median) to 2023, with 31 observations. The data reached an all-time high of 38,336.974 Intl $ mn in 2023 and a record low of 3,559.144 Intl $ mn in 1993. Armenia AM: 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 Armenia – Table AM.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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