CONCEPTS AND DEFINITIONS
Eurostat's Concepts and Definitions Database

 

Term
Household final consumption expenditure
Term extension
SNA
Definition
Expenditure incurred by resident households on consumption goods or services (SNA 2008m § 9.56).

Expenditure, including expenditure whose value must be estimated indirectly, incurred by resident households on individual consumption goods and services, including those sold at prices that are not economically significant and including consumption goods and services acquired abroad (SNA 2008, § 9.113).

Expenditure, including imputed expenditure, incurred by resident households on individual consumption goods and services, including those sold at prices that are not economically significant (SNA 1993, § 9.94).
Remark
As well as purchases of consumer goods and services, final consumption expenditure includes the estimated value of barter transactions, goods and services received in kind, and goods and services produced and consumed by the same household (SNA 2008, § 9.56).
Source
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
Hyperlink
http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA2008.pdf
Other link(s)
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993
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