Households and NPISHs Final consumption expenditure, PPP (current international $) in Montenegro was reported at 8413659159 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Montenegro - Household final consumption expenditure, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2023.

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 montenegro household final consumption expenditure ppp us dollar wb data

This indicator provides values for households and NPISHs final consumption expenditure expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. 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. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From July 2020, “Households and NPISHs final consumption expenditure: linked series (current LCU)” [NE.CON.PRVT.CN.AD] is used as underlying expenditure in local currency unit so that it’s in line with time series of PPP conversion factor, private consumption (LCU per international $), which are extrapolated with linked CPI.

Montenegro | World Bank Development Indicators