domesticspending

noun

UK /dəˈmɛstɪk ˈspɛndɪŋ/

US /dəˈmɛstɪk ˈspɛndɪŋ/

Money that a country's people spend on things they need and want.

Domestic spending rose last year as more families bought new cars and appliances.

SYNONYMS

consumer spending household spending personal consumption private expenditure

RELATED WORDS

economy consumption retail sales GDP household budget

OTHER MEANINGS

2. Money spent within a country by its own government or residents, as opposed to money spent abroad.

The report compared domestic spending with imports to show the trade gap.

3. Spending on goods and services produced inside the country rather than imported ones.

Policymakers encouraged domestic spending to support local businesses.

4. The total amount households and businesses spend inside a nation during a set period.

Domestic spending accounts for most of the country's economic activity.