4th Quarter 2018

Gross National Income & Gross Domestic Product

Household Final Consumption Expenditure by Purpose

Household Final Consumption Expenditure (HFCE) slows down

The household expenditure grew by 5.4 percent in the fourth quarter of 2018. This was slower than the 6.2 percent growth in the same period of 2017.

Food and Non-alcoholic Beverages, sharing 42.8 percent of the total household expenditure, posted a slower growth of 5.3 percent compared with the 5.6 percent growth recorded a year ago. Meanwhile, Miscellaneous Goods and Services accelerated to 7.6 percent growth in the fourth quarter of 2018.

Other HFCE items which contributed to the growth of HFCE were: Housing, Water, Electricity, Gas and Other Fuels, 5.9 percent; Education, 18.7 percent; Restaurants and Hotels, 6.2 percent; Furnishings, Household Equipment and Routine Household Maintenance, 5.7 percent; and Communication, 2.6 percent.

On the other hand, Alcoholic Beverages and Tobacco, and Clothing and Footwear declined by 5.8 percent and 0.5 percent, respectively.


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