Latest Data
2024
₱16,124.126 billion
vs prev 4.86%
Data Coverage
Observations: 44
Period: Jan 1981 - Jan 2024
Frequency: Annual
Historic High: ₱16,124.126 billion (2024)
Historic Low: ₱2,863.513 billion (1981)
Related Series
Data Categories National Accounts National Income & Product Accounts Gross Domestic Product By Expenditure
Annual Household Final Consumption Expenditure
In Billion Pesos, at 2018 constant prices
line-chart Line Chart

Units: Billion Pesos (₱)

Frequency: Annual

Notes: This series represents the annual total of household final consumption expenditure at constant 2018 prices. 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. Annual Household Final Consumption Expenditure, at 2018 Constant Prices. EconStat®. Accessed July 17, 2026. http://econstat.net/category/national-accounts/B1/series/GDPEXP2018-HFCE/.

References:

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