Shanxi - Final Consumption Rate as a Share of GDP

56.39 (% of GDP) in 2017

In 2017, final consumption rate for Shanxi was 56.39 % of GDP. Before final consumption rate of Shanxi started to increase to reach a level of 56.39 % of GDP in 2017, it went through a trough reaching a low of 43.32 % of GDP in 2011.

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What is final consumption rate?

Final Consumption refers to the total expenditure of resident units on the final consumption of goods and services in a certain period, namely the expenditure of the resident units for purchases of goods and services from the domestic economic territory and abroad to meet the requirements of material, cultural and spiritual life. It excludes the expenditure of non-resident units on consumption in the economic territory of the country. The final consumption is classified into household consumption and government consumption. Final Consumption Rate counts as a share of GDP in %.

What is Shanxi final consumption rate?