Final consumption expenditure reached 260,994 USD bil in 2017 in Colombia, according to the National Statistical Office. This is 10.4 % more than in the previous year.
Historically, final consumption expenditure in Colombia reached an all time high of 305,708 USD bil in 2014 and an all time low of 3,201 USD bil in 1960. When compared to Colombia's main peers, final consumption expenditure in Brazil amounted to 1,724,238 USD bil and 163,633 USD bil in Peru in 2017.
Colombia has been ranked 37th within the group of 161 countries we follow in terms of final consumption expenditure, 2 places above the position seen 10 years ago.
Final consumption expenditure consists of expenditure incurred by resident institutional units on goods or services that are used for the direct satisfaction of the individual needs or wants or the collective needs of members of the community.
|Final Consumption Expenditure (USD)||Unit||2009||2010||2011||2012||2013||2014||2015||2016||2017|
|Trinidad and Tobago||USD bil||17,802||22,373||17,745||20,294||20,356||...|