Description
China's final consumption expenditure: Total is compiled and published by the National Bureau of Statistics of China (NBS of China). This indicator measures the total expenditure by households and the government on final consumption goods and services, serving as a key gauge of domestic demand and economic growth. Higher values typically indicate strong consumer spending and economic activity, while lower values suggest weak demand and economic slowdown.
Final consumption expenditure is calculated by summing the expenditures of households and the government on final consumption goods and services. This includes spending on durable goods, non-durable goods, and services.
This data is usually updated annually.