South Asia Consumer Spending 1960-2024

Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.
  • South Asia consumer spending for 2023 was $2,836.20B, a 1.76% increase from 2022.
  • South Asia consumer spending for 2022 was $2,787.18B, a 6.81% increase from 2021.
  • South Asia consumer spending for 2021 was $2,609.45B, a 16.88% increase from 2020.
  • South Asia consumer spending for 2020 was $2,232.54B, a 4.41% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
European Union $9,588.78B
Euro Area $8,148.15B
Latin America & Caribbean $4,748.81B
South Asia $2,836.20B
Sub-Saharan Africa $1,632.67B
South Asia Consumer Spending - Historical Data
Year Spending Per Capita Growth Rate
2023 $2,836.20B $1,324 2.73%
2022 $2,787.18B $1,302 6.70%
2021 $2,609.45B $1,231 10.73%
2020 $2,232.54B $1,124 -4.17%
2019 $2,335.62B $1,186 5.19%
2018 $2,216.90B $1,140 7.21%
2017 $2,130.54B $1,076 6.07%
2016 $1,885.61B $1,027 7.44%
2015 $1,717.38B $967 6.93%
2014 $1,619.32B $916 6.04%
2013 $1,469.06B $875 6.36%
2012 $1,412.16B $833 5.07%
2011 $1,381.14B $804 6.68%
2010 $1,222.48B $765 5.75%
2009 $1,028.88B $734 3.99%
2008 $967.68B $716 3.86%
2007 $927.76B $700 6.84%
2006 $744.09B $665 4.50%
2005 $671.36B $646 8.21%
2004 $592.30B $607 5.72%
2003 $529.92B $585 5.24%
2002 $463.16B $566 2.23%
2001 $449.78B $564 5.40%
2000 $436.46B $546 2.99%
1999 $401.59B $540 6.13%
1998 $372.45B $519 5.05%
1997 $370.32B $504 3.03%
1996 $355.12B $500 6.80%
1995 $322.07B $478 6.02%
1994 $293.32B $460 4.45%
1993 $262.01B $450 3.79%
1992 $263.43B $444 4.66%
1991 $250.88B $433 1.22%
1990 $282.28B $437 4.83%
1989 $265.23B $427 3.69%
1988 $269.40B $421 6.71%
1987 $254.47B $404 3.36%
1986 $234.50B $400 3.11%
1985 $222.97B $397 3.75%
1984 $209.75B $391 3.51%
1983 $211.56B $387 6.99%
1982 $199.24B $371 0.35%
1981 $194.36B $378 3.06%
1980 $187.88B $376 8.14%
1979 $151.32B $356 -1.35%
1978 $136.38B $369 7.59%
1977 $120.75B $351 4.36%
1976 $101.43B $344 1.59%
1975 $99.77B $346 3.59%
1974 $102.31B $342 -1.08%
1973 $84.20B $354 -1.53%
1972 $74.70B $368 -1.07%
1971 $72.42B $380 0.50%
1970 $66.91B $387 4.76%
1969 $62.15B $377 3.80%
1968 $57.50B $372 2.74%
1967 $57.32B $371 4.03%
1966 $50.76B $364 1.40%
1965 $61.53B $368 0.19%
1964 $57.46B $376 7.16%
1963 $49.95B $359 4.02%
1962 $45.39B $353 0.51%
1961 $43.52B $360 3.49%
1960 $41.18B $356 %