Latest Data
2024
8.2%
vs prev -3.00 pp
Data Coverage
Observations: 43
Period: Dec 1982 - Dec 2024
Frequency: Annual
Historic High: 55.9% (1984)
Historic Low: -5.7% (2020)
Related Series
Data Categories National Accounts National Income & Product Accounts Gross Domestic Product Growth Rate, By Expenditure
Annual Household Final Consumption Expenditure, Growth Rate
In Percent, at current prices
line-chart Line Chart
bar-chart Bar Chart
Table

Units: Percent

Frequency: Annual

Notes: This series represents the annual percentage change in household final consumption expenditure at current prices, comparing each year with the previous year. Household final consumption expenditure (HFCE) measures total spending by households on goods and services. For the 2018-based estimates, HFCE is primarily derived from retail trade output statistics, adjusted to exclude expenditures by non-residents using inbound tourism data. The estimates also incorporate gross output from various service industries including recreation, ownership of dwellings, electricity, and water, since retail statistics cover goods only.1

Suggested Citation: Philippine Statistics Authority. Growth Rate of Household Final Consumption Expenditure, Annual, at Current Prices. EconStat®. Accessed July 17, 2026. http://econstat.net/category/national-accounts/B1/series/DGDPEXP-HFCE/.

References:

  1. Philippine Statistics Authority. Technical Notes on the National Accounts of the Philippines. https://psa.gov.ph/statistics/national-accounts/technical-notes ↩