Final consumption expenditure reached 3,007 USD bil in 2017 in Guyana, according to the National Statistical Office. This is 8.52 % more than in the previous year.
Historically, final consumption expenditure in Guyana reached an all time high of 3,262 USD bil in 2013 and an all time low of 117 USD bil in 1963. When compared to Guyana's main peers, final consumption expenditure in Brazil amounted to 1,724,238 USD bil and 1,663 USD bil in Suriname in 2017.
Guyana has been ranked 151st within the group of 161 countries we follow in terms of final consumption expenditure, 5 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.