Madagascar vs Philippines: Final consumption expenditure
Final consumption expenditure over time
- Madagascar
- Philippines
How they compare
Philippines currently reports 20.35 trillion constant LCU against 19.87 trillion constant LCU in Madagascar, a difference of 486.00 billion constant LCU.
The two have swapped places 1 time across 66 shared years of data; in 1960 it was Madagascar ahead.
Globally, Madagascar ranks 31st and Philippines ranks 29th of 176 countries.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.