Shanxi - Final Consumption Expenditure

8,756 (100 Million Yuan) in 2017

Final consumption of Shanxi rocketed by 17.51% from 7,451 100 million yuan in 2016 to 8,756 100 million yuan in 2017. Since the 16.65% jump in 2007, final consumption shot up by 222.18% 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 Shanxi final consumption?