In 2017, final consumption for Hebei was 16,056 100 million yuan. Between 2003 and 2017, final consumption of Hebei grew substantially from 3,029 to 16,056 100 million yuan rising at an increasing annual rate that reached a maximum of 21.39% in 2004 and then decreased to 10.45% in 2017.
The description is composed by our digital data assistant.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.
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