Guangxi - Final Consumption Expenditure

10,505 (100 Million Yuan) in 2017

In 2017, final consumption for Guangxi was 10,505 100 million yuan. Between 2003 and 2017, final consumption of Guangxi grew substantially from 1,860 to 10,505 100 million yuan rising at an increasing annual rate that reached a maximum of 20.28% in 2007 and then decreased to 6.82% in 2017.

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What is final consumption?

Final Consumption Expenditure refers to the total expenditure of resident units for purchases of goods and services from both the domestic economic territory and abroad to meet the needs of material, cultural and spiritual life. It does not include the expenditure of non-resident units on consumption in the economic territory of the country. The final consumption expenditure is broken down into household consumption expenditure and government consumption expenditure.

What is Guangxi final consumption?