Final consumption expenditure reached 163,633 USD bil in 2017 in Peru, according to the National Statistical Office. This is 9.08 % more than in the previous year.
Historically, final consumption expenditure in Peru reached an all time high of 163,633 USD bil in 2017 and an all time low of 1,543 USD bil in 1960. When compared to Peru's main peers, final consumption expenditure in Bolivia amounted to 31,761 USD bil, 1,724,238 USD bil in Brazil, 211,232 USD bil in Chile and 260,994 USD bil in Colombia in 2017.
Peru has been ranked 49th 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.