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基于43个国家的比较:我国服务消费比重是否偏低?
Soochow Securities·2025-07-04 06:05

Consumption Rate Comparison - China's overall consumption rate is low at 39.3%, compared to the average of 55.2% for 43 countries, with service consumption at 21.1% and goods consumption at 18.2%[11] - China's goods consumption rate is 8.6 percentage points lower than the average of 26.8% for 43 countries, and service consumption is 7.3 percentage points lower than the average of 28.4%[11] Service Consumption Structure - China's service consumption proportion is 53.8%, which is higher than the average of 46.4% for countries with a GDP per capita below $25,000, but lower than the average of 56.3% for those above $25,000[17] - The largest difference in consumption structure is in "other goods and services," where China is at 2.4% compared to 10.6% for 43 countries, mainly due to differences in personal care and financial service expenditures[25] Housing and Education Expenditures - Self-owned housing rental equivalence in China is 15.1%, higher than the 12.5% average for 43 countries, while actual rental expenditure is only 1.1%, significantly lower than the 3.7% average[29] - Education expenditure in China is 8.4%, far exceeding the 1.4% average for 43 countries, indicating a strong emphasis on education[39] Healthcare and Transportation - Healthcare expenditure in China is 6.4%, compared to 2.7% for 43 countries, ranking second globally, with total healthcare expenditure at 13.7%, lower than the 16.2% average[47] - Transportation expenditure is notably lower in China, with transportation costs at 1.7% compared to 2.6% for 43 countries, attributed to lower transportation prices[55] Entertainment and Dining - Cultural and entertainment services in China account for only 0.6%, significantly lower than the 3.4% average for 43 countries, while dining services are comparable at 6.4% versus 6.6%[61]