South Asia Consumer Spending 1960-2021

Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.
  • South Asia consumer spending for 2020 was $2,084.07B, a 8.66% decline from 2019.
  • South Asia consumer spending for 2019 was $2,281.69B, a 5.48% increase from 2018.
  • South Asia consumer spending for 2018 was $2,163.18B, a 4.06% increase from 2017.
  • South Asia consumer spending for 2017 was $2,078.81B, a 13.35% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
European Union $7,891.19B
Euro Area $6,735.49B
Latin America & Caribbean $3,119.94B
South Asia $2,084.07B
Sub-Saharan Africa $1,109.35B
South Asia Consumer Spending - Historical Data
Year Spending Per Capita Growth Rate
2020 $2,084.07B $1,061 -7.38%
2019 $2,281.69B $1,159 5.10%
2018 $2,163.18B $1,116 7.52%
2017 $2,078.81B $1,050 6.42%
2016 $1,833.92B $999 7.66%
2015 $1,688.77B $940 7.17%
2014 $1,595.50B $888 6.01%
2013 $1,448.63B $848 6.56%
2012 $1,390.24B $806 5.19%
2011 $1,370.67B $777 7.03%
2010 $1,205.94B $736 6.09%
2009 $1,007.03B $704 3.98%
2008 $935.07B $687 4.36%
2007 $894.29B $668 6.77%
2006 $719.67B $636 4.80%
2005 $645.21B $616 7.62%
2004 $568.00B $582 5.28%
2003 $510.47B $563 5.53%
2002 $446.46B $543 2.78%
2001 $432.11B $538 5.30%
2000 $420.08B $520 3.12%
1999 $399.20B $514 6.11%
1998 $370.23B $494 5.45%
1997 $368.11B $478 3.13%
1996 $353.00B $472 6.71%
1995 $320.15B $452 5.99%
1994 $291.57B $435 4.61%
1993 $260.45B $425 4.03%
1992 $261.86B $417 4.19%
1991 $249.39B $409 1.61%
1990 $280.59B $412 4.40%
1989 $263.65B $403 4.03%
1988 $267.79B $396 6.39%
1987 $252.96B $381 3.39%
1986 $233.10B $377 2.93%
1985 $221.64B $375 3.97%
1984 $208.50B $369 3.65%
1983 $210.30B $364 7.07%
1982 $198.05B $348 0.61%
1981 $193.20B $355 4.34%
1980 $186.75B $348 8.33%
1979 $150.41B $329 -1.42%
1978 $135.57B $342 7.20%
1977 $120.03B $326 5.35%
1976 $100.82B $317 1.65%
1975 $99.17B $319 4.06%
1974 $101.70B $314 -0.86%
1973 $83.69B $324 -0.39%
1972 $74.25B $333 -0.86%
1971 $71.99B $344 0.71%
1970 $66.51B $349 4.28%
1969 $61.78B $342 3.94%
1968 $57.16B $337 2.92%
1967 $56.98B $335 4.24%
1966 $50.72B $329 1.59%
1965 $61.17B $331 0.13%
1964 $57.11B $338 6.86%
1963 $49.65B $323 3.71%
1962 $45.12B $318 0.87%
1961 $42.96B $322 2.89%
1960 $40.83B $320 %