Colombia consumer spending for 2024 was 306.22 billion US dollars, a 13.54% increase from 2023.
Colombia consumer spending for 2023 was 269.70 billion US dollars, a 5.86% increase from 2022.
Colombia consumer spending for 2022 was 254.78 billion US dollars, a 10.02% increase from 2021.
Colombia consumer spending for 2021 was 231.57 billion US dollars, a 21.11% increase from 2020.
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. The full historical dataset is available for download here: Colombia Consumer Spending | Historical Data | 1960 - 2024.