Household consumption (% of GDP) in Melanesia in 2024 — 69.5%. Since 1981, the indicator has risen by 5.7 pp.
1981–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Melanesia
| Year | % | Change, pp |
|---|---|---|
| 2024 | 69.5 | +2.6 pp |
| 2023 | 66.8 | −1.8 pp |
| 2022 | 68.6 | −0.2 pp |
| 2021 | 68.9 | +0.1 pp |
| 2020 | 68.7 | +2.4 pp |
| 2019 | 66.4 | +1.4 pp |
| 2018 | 64.9 | −0.1 pp |
| 2017 | 65 | −0.4 pp |
| 2016 | 65.5 | +0.8 pp |
| 2015 | 64.7 | +0.6 pp |
| 2014 | 64.1 | −0.5 pp |
| 2013 | 64.6 | −0 pp |
| 2012 | 64.6 | +1.4 pp |
| 2011 | 63.2 | −1.1 pp |
| 2010 | 64.3 | −2.6 pp |
| 2009 | 66.9 | −0.7 pp |
| 2008 | 67.6 | +4.7 pp |
| 2007 | 62.9 | −3.8 pp |
| 2006 | 66.7 | +0.1 pp |
| 2005 | 66.6 | +5 pp |
| 2004 | 61.6 | +1.8 pp |
| 2003 | 59.8 | −4.2 pp |
| 2002 | 64 | +2.2 pp |
| 2001 | 61.8 | +4.2 pp |
| 2000 | 57.6 | −4.8 pp |
| 1999 | 62.4 | −0.2 pp |
| 1998 | 62.6 | +2 pp |
| 1997 | 60.6 | +9.4 pp |
| 1996 | 51.2 | −1.1 pp |
| 1995 | 52.3 | −0.4 pp |
| 1994 | 52.6 | +3.2 pp |
| 1993 | 49.4 | −6.8 pp |
| 1992 | 56.2 | −5.6 pp |
| 1991 | 61.8 | −6.2 pp |
| 1990 | 68 | +2.9 pp |
| 1989 | 65 | +3.3 pp |
| 1988 | 61.8 | −1.6 pp |
| 1987 | 63.4 | +0.7 pp |
| 1986 | 62.7 | −0.6 pp |
| 1985 | 63.3 | +1.4 pp |
| 1984 | 61.9 | −1.5 pp |
| 1983 | 63.4 | +0.5 pp |
| 1982 | 62.9 | −0.9 pp |
| 1981 | 63.8 | — |
Household final consumption expenditure as a percent of GDP — the market value of all goods and services bought by the population, including the imputed rent of owner-occupied housing. A low consumption share alongside a high share of capital formation is typical of investment- and export-driven economies; a high one, of countries short of savings.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much money the residents of a country spend in a year on goods and services for themselves.
Economy Gross capital formation (% of GDP)Investment in fixed assets and inventories as a percent of GDP — the base of future growth.
Economy Government consumption (% of GDP)The share of GDP taken by government final consumption spending.
Economy GDPGross domestic product in current US dollars — the size of a country's economy.
Economy GDP per capitaGDP divided by the population, in current US dollars.
Economy GDP growthThe annual growth rate of GDP in constant prices — with inflation stripped out.