Final Consumption Expenditure (USD) rose 10.398236067864% to USD 260,994 bil in Colombia in 2017

Final Consumption Expenditure (USD) (USD bil)
Economy | Colombia | May 17, 2019
$2.99
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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
Bolivia USD bil 17,848 19,756 22,697 25,620 28,352
Brazil USD bil 2,065,311 1,970,720 1,993,274 2,016,693 1,509,203
Chile USD bil 181,720 196,545 208,646 197,559 186,511
Colombia USD bil 263,185 292,729 302,924 305,708 244,431
Guyana USD bil 2,736 2,964 3,262 3,066 3,043
Peru USD bil 121,576 140,855 150,120 154,860 148,795
Trinidad and Tobago USD bil 17,802 22,373 17,745 20,294 20,356 ...
Venezuela USD bil 211,029 272,485 287,451 433,607 ... ... ...