Nigerians incurred N40.20 trillion as household consumption expenditure in 2019. This is according to the Consumption Expenditure Pattern report published by the National Bureau of Statistics. In 2009, the last time the report was published, Nigerians spent N21.62 trillion on consumption expenditure.
The data covered the period from October 2018 to September 2019.
The 2019 expenditure pattern report, which measures Nigeria’s spending pattern in both food and non-food items, revealed that of the total, 56.65% of the household expenditure in 2019 was spent on food, with the balance of about 43.35 spent on non-food items.
According to the definition, Household consumption refers to the amount spent personally by all Nigerians to acquire goods and services within the country. The data is based on household consumption only and excludes consumptions from the private sector, government, and exports.
Food consumed outside the home, followed by transportation costs and starchy roots, tubers, and plantains were responsible for the largest proportion of household expenditure, representing a combined 24.16% for total household expenditure in 2019.
The data covered the period from October 2018 to September 2019.
The 2019 expenditure pattern report, which measures Nigeria’s spending pattern in both food and non-food items, revealed that of the total, 56.65% of the household expenditure in 2019 was spent on food, with the balance of about 43.35 spent on non-food items.
According to the definition, Household consumption refers to the amount spent personally by all Nigerians to acquire goods and services within the country. The data is based on household consumption only and excludes consumptions from the private sector, government, and exports.
Food consumed outside the home, followed by transportation costs and starchy roots, tubers, and plantains were responsible for the largest proportion of household expenditure, representing a combined 24.16% for total household expenditure in 2019.