China: Final Consumption Expenditure

Macro

2026-06-17

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.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Yearly
Next Update
Hashtags
China Consumption

AI Data Insight

The latest data shows that China's final consumption expenditure in the fourth quarter of 2025 reached 764,069.8 hundred million RMB, steadily climbing from 734,594.78 hundred million RMB in the fourth quarter of 2023. Although consumption continues to serve as the primary engine driving economic growth, detailed breakdowns reveal a booming services sector alongside sluggish traditional goods. Market consensus holds that under pressure from the housing market and employment, future domestic demand will remain highly reliant on policy subsidies for life support.

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AI Data Insight

The latest data shows that China's final consumption expenditure in the fourth quarter of 2025 reached 764,069.8 hundred million RMB, steadily climbing from 734,594.78 hundred million RMB in the fourth quarter of 2023. Although consumption continues to serve as the primary engine driving economic growth, detailed breakdowns reveal a booming services sector alongside sluggish traditional goods. Market consensus holds that under pressure from the housing market and employment, future domestic demand will remain highly reliant on policy subsidies for life support.

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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.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Yearly
Next Update
Hashtags
China Consumption