Philippines PH: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series

Philippines PH: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data was reported at 18,608,329.180 PHP mn in 2023. This records an increase from the previous number of 16,725,044.724 PHP mn for 2022. Philippines PH: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data is updated yearly, averaging 5,000,582.740 PHP mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 18,608,329.180 PHP mn in 2023 and a record low of 833,176.825 PHP mn in 1990. Philippines PH: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Gross Domestic Product: Nominal. 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

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