4th Quarter 2019

Gross National Income & Gross Domestic Product

Household Final Consumption Expenditure by Purpose

Household Final Consumption Expenditure (HFCE) picks up

HFCE grew by 5.6 percent in the fourth quarter of 2019. This was higher than the 5.3 percent growth in the same period of 2018.

Food and Non-alcoholic Beverages, sharing 42.2 percent of the total household expenditure, grew by 4.7 percent. Meanwhile, Miscellaneous Goods and Services posted a growth of 8.8 percent growth in the fourth quarter of 2019.

Other expenditure items which contributed to the growth of HFCE were: Housing, Water, Electricity, Gas and Other Fuels, 5.3 percent; Restaurants and Hotels, 8.0 percent; Transport, 4.9 percent; Communication, 6.0 percent; and Furnishings, Household Equipment and Routine Household Maintenance, 4.8 percent.

On the other hand, Alcoholic Beverages and Tobacco declined further at 4.0 percent.