Final consumption expenditure reached 12,342 USD bil in 2017 in Namibia, according to the National Statistical Office. This is 12.5 % more than in the previous year.
Historically, final consumption expenditure in Namibia reached an all time high of 12,342 USD bil in 2017 and an all time low of 1,255 USD bil in 1985. When compared to Namibia's main peers, final consumption expenditure in Angola amounted to 85,631 USD bil, 11,653 USD bil in Botswana, 280,356 USD bil in South Africa and 22,264 USD bil in Zimbabwe in 2017.
Namibia has been ranked 115th within the group of 161 countries we follow in terms of final consumption expenditure, 6 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.