European Union Private Consumption: % of GDP
Key information about European Union Private Consumption: % of GDP
- European Union Private Consumption accounted for 53.2 % of its Nominal GDP in Sep 2024, compared with a ratio of 52.6 % in the previous quarter.
- EU Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1995 to Sep 2024, with an average share of 55.2 %.
- The data reached an all-time high of 56.9 % in Mar 1997 and a record low of 50.0 % in Dec 2020.
CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Eurostat provides Private Consumption Expenditure in EUR and Nominal GDP in EUR. European Union stands for EU27 excluding UK.
Related information about European Union Private Consumption: % of GDP
- In the latest reports, EU GDP expanded 1.0 % YoY in Mar 2023.
- Its Nominal GDP reached 4,430.4 USD bn in Mar 2023.
- EU GDP Per Capita reached 38,468.8 USD in Dec 2021.
- Its Gross Savings Rate was measured at 26.0 % in Sep 2024.
View European Union's Private Consumption: % of GDP from Mar 1995 to Sep 2024 in the chart:
What was European Union's Private Consumption: % of GDP in Sep 2024?
European Union Private Consumption accounted for 53.2 % of its Nominal GDP in Sep 2024, compared with a ratio of 52.6 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
53.2 Sep 2024 | 52.6 Jun 2024 | 50.0 Dec 2020 | 56.9 Mar 1997 | % | quarterly | Mar 1995 - Sep 2024 |
Private Consumption: % of GDP by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 73.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Algeria (%) | 41.2 2023 | yearly | 1950 - 2023 |
Argentina (%) | 66.8 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Armenia (%) | 68.1 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
Australia (%) | 51.8 Sep 2024 | quarterly | Sep 1959 - Sep 2024 |
Austria (%) | 54.2 Sep 2024 | quarterly | Mar 1988 - Sep 2024 |
Azerbaijan (%) | 44.0 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
Bahrain (%) | 39.0 2023 | yearly | 1975 - 2023 |
Bangladesh (%) | 66.8 2024 | yearly | 1973 - 2024 |
Belarus (%) | 55.4 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
Belgium (%) | 51.6 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
Bolivia (%) | 62.8 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
Bosnia and Herzegovina (%) | 58.7 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
Botswana (%) | 46.3 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
Brazil (%) | 64.1 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
Brunei (%) | 29.4 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
Bulgaria (%) | 62.6 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Cambodia (%) | 60.0 2022 | yearly | 1993 - 2022 |
Canada (%) | 54.1 Sep 2024 | quarterly | Mar 1961 - Sep 2024 |
Chile (%) | 65.2 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
China (%) | 39.2 2023 | yearly | 1952 - 2023 |
Colombia (%) | 74.5 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Croatia (%) | 49.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Cyprus (%) | 57.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Czech Republic (%) | 45.9 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Denmark (%) | 43.5 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
Ecuador (%) | 63.1 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
Egypt (%) | 97.7 Sep 2024 | quarterly | Sep 2001 - Sep 2024 |
Estonia (%) | 52.3 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
European Union (%) | 53.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Finland (%) | 51.2 Sep 2024 | quarterly | Mar 1975 - Sep 2024 |
France (%) | 54.9 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Georgia (%) | 65.1 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
Germany (%) | 53.2 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
Ghana (%) | 84.2 2023 | yearly | 2006 - 2023 |
Greece (%) | 66.3 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Hong Kong SAR, China (%) | 64.9 Sep 2024 | quarterly | Mar 1973 - Sep 2024 |
Hungary (%) | 50.3 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Iceland (%) | 51.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
India (%) | 62.0 Sep 2024 | quarterly | Jun 1996 - Sep 2024 |
Indonesia (%) | 54.4 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Iran (%) | 45.2 Mar 2022 | quarterly | Jun 1988 - Mar 2022 |
Ireland (%) | 29.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Israel (%) | 50.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Italy (%) | 58.6 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
Ivory Coast (%) | 65.8 2023 | yearly | 1960 - 2023 |
Japan (%) | 55.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Jordan (%) | 78.7 2023 | yearly | 1962 - 2023 |
Kazakhstan (%) | 46.5 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
Kenya (%) | 76.2 2023 | yearly | 1969 - 2023 |
South Korea (%) | 48.5 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
Kosovo (%) | 72.5 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
Kuwait (%) | 32.6 2022 | yearly | 1962 - 2022 |
Kyrgyzstan (%) | 84.8 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
Laos (%) | 64.4 2016 | yearly | 2000 - 2016 |
Latvia (%) | 62.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Lebanon (%) | 118.8 2021 | yearly | 1990 - 2021 |
Lithuania (%) | 60.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Luxembourg (%) | 31.2 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Macau SAR, China (%) | 28.9 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
North Macedonia (%) | 67.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
Malawi (%) | 79.2 2019 | yearly | 1960 - 2019 |
Malaysia (%) | 62.7 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
Malta (%) | 47.6 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
Mauritius (%) | 66.7 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
Mexico (%) | 70.9 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Moldova (%) | 87.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Mongolia (%) | 53.3 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
Montenegro (%) | 77.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Morocco (%) | 56.7 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Mozambique (%) | 78.0 2023 | yearly | 1969 - 2022 |
Nepal (%) | 86.1 2024 | yearly | 1975 - 2024 |
Netherlands (%) | 44.3 Sep 2024 | quarterly | Mar 1977 - Sep 2024 |
New Zealand (%) | 59.9 Sep 2024 | quarterly | Jun 1987 - Sep 2024 |
Nigeria (%) | 61.2 2023 | yearly | 1981 - 2023 |
Norway (%) | 39.7 Sep 2024 | quarterly | Mar 1978 - Sep 2024 |
Oman (%) | 36.8 2023 | yearly | 1980 - 2023 |
Pakistan (%) | 85.2 2024 | yearly | 1967 - 2024 |
Palestinian Territory (%) | 97.4 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
Panama (%) | 48.7 2022 | yearly | 1996 - 2022 |
Paraguay (%) | 68.6 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
Peru (%) | 62.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Philippines (%) | 78.6 Sep 2024 | quarterly | Mar 1981 - Sep 2024 |
Poland (%) | 60.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Portugal (%) | 57.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Qatar (%) | 20.6 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
Romania (%) | 58.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Russia (%) | 50.8 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Saudi Arabia (%) | 42.8 Sep 2024 | quarterly | Mar 2003 - Sep 2024 |
Serbia (%) | 66.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Singapore (%) | 31.3 2023 | yearly | 1960 - 2023 |
Slovakia (%) | 61.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Slovenia (%) | 52.0 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
South Africa (%) | 64.7 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
Spain (%) | 56.2 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Sri Lanka (%) | 73.3 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
Sudan (%) | 77.8 2016 | yearly | 1976 - 2016 |
Sweden (%) | 46.5 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Switzerland (%) | 50.9 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Syria (%) | 114.8 2022 | yearly | 1970 - 2022 |
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Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 3.7 2017 | yearly | 2008 - 2017 |
Household Debt: % of GDP (%) | 44.4 Sep 2024 | quarterly | Sep 1997 - Sep 2024 |
Money Supply M1 (USD mn) | 11,124,594.865 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
Money Supply M2 (USD mn) | 16,390,045.400 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
M2 Growth (%) | 3.3 Nov 2024 | monthly | Jan 1981 - Nov 2024 |
Reserve Requirement Ratio (%) | 1.0 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
Foreign Exchange Reserves (USD mn) | 299,167.8 Nov 2024 | monthly | Dec 1999 - Nov 2024 |
Foreign Exchange Reserves: % of GDP (%) | 1.814 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 1.2 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
Total Deposits (USD mn) | 16,775,729.751 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Total Deposits Growth (%) | 3.6 Oct 2024 | monthly | Sep 1998 - Oct 2024 |
Domestic Credit (USD mn) | 26,115,235.4 Aug 2024 | monthly | Jan 1999 - Aug 2024 |
Domestic Credit Growth (%) | -1.4 Aug 2024 | monthly | Sep 1998 - Aug 2024 |
Household Debt (USD mn) | 7,238,421.1 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Total Loans (USD mn) | 20,145,595.171 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Total Loans Growth (%) | 2.22 Oct 2024 | monthly | Sep 1998 - Oct 2024 |
Private Debt: % of Nominal GDP (%) | 78.62 Sep 2024 | quarterly | Sep 1997 - Sep 2024 |
Money Supply M3: Outstanding (EUR bn) | 16,730.129 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
Money Supply M2: Outstanding (EUR bn) | 15,564.952 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
Money Supply M3: swda: Outstanding (EUR bn) | 16,681.871 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
Money Supply M1: swda: Outstanding (EUR bn) | 10,547.639 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
Money Supply M2: swda: Outstanding (EUR bn) | 15,540.007 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
Money Supply M1: Outstanding (EUR bn) | 10,593.452 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
Eurosystem: ORA: Foreign Currency Reserves (FCR) (EUR bn) | 283.850 Nov 2024 | monthly | Nov 1999 - Nov 2024 |
Eurosystem: Official Reserve Assets (ORA) (EUR bn) | 1,391.727 Nov 2024 | monthly | Nov 1999 - Nov 2024 |
MFIs Loans: Outstanding: Non Financial Sector (EUR bn) | 5,143.328 Oct 2024 | monthly | Sep 1997 - Oct 2024 |
MFIs Loans: Outstanding: Households: HP: Over 5 Years (EUR bn) | 4,296.809 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
MFIs Loans: Outstanding: Households: Consumer Credit (CS) (EUR bn) | 686.042 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -1.6 Nov 2024 | monthly | Jan 1986 - Nov 2024 |
BE: Industrial Confidence Indicator (ICI): sa: NACE 2 (% Point) | -17.500 Nov 2024 | monthly | Jan 1985 - Nov 2024 |
Construction Confidence Indicator (CCI): sa: EU 27 excl UK (EU 27E) (% Point) | -15.900 Apr 2020 | monthly | Jan 1985 - Apr 2020 |
Economic Sentiment Index: sa: EU 27 excl UK (NA) | 65.800 Apr 2020 | monthly | Jan 1985 - Apr 2020 |
Industrial Confidence Indicator (ICI): sa: EA 19 (% Point) | 5.80 Jul 2018 | monthly | Jan 1985 - Jul 2018 |
Industrial Confidence Indicator (ICI): sa: EU 27 excl UK (EU 27E) (% Point) | -30.600 Apr 2020 | monthly | Jan 1985 - Apr 2020 |
Service Confidence Indicator (SCI): sa: Euro Area 19 (% Point) | 15.30 Jul 2018 | monthly | Jan 1996 - Jul 2018 |
Service Confidence Indicator (SCI): sa: EU 27 excl UK (EU 27E) (% Point) | -35.400 Apr 2020 | monthly | Oct 1996 - Apr 2020 |
Eurocoin Leading Indicator (Number) | 0.180 Oct 2024 | monthly | Dec 2019 - Oct 2024 |
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