South Asia consumer spending for 2023 was 2.836 trillion US dollars, a 1.76% increase from 2022.
South Asia consumer spending for 2022 was 2.787 trillion US dollars, a 6.81% increase from 2021.
South Asia consumer spending for 2021 was 2.609 trillion US dollars, a 16.88% increase from 2020.
South Asia consumer spending for 2020 was 2.233 trillion US dollars, a 4.41% decline from 2019.
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.