Madagascar vs Mongolia: Final consumption expenditure
Final consumption expenditure over time
- Madagascar
- Mongolia
How they compare
Madagascar currently reports 77.70 trillion current LCU against 59.45 trillion current LCU in Mongolia, a difference of 18.25 trillion current LCU.
That makes Madagascar's figure about 1.3 times Mongolia's.
Across all 45 years both countries report, Madagascar has been ahead every year.
Globally, Madagascar ranks 27th and Mongolia ranks 30th of 187 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.