Term:
Individual consumption expenditure by households
Definition:
The actual and imputed final consumption expenditure incurred by households on individual goods and services. It also includes expenditure on individual goods and services sold at prices that are not economically significant. By definition, all final consumption expenditures of households are for the benefit of individual households and are individual.
Domain:
Economics & National Accounts
Source:
Eurostat, OECD, 2007, Eurostat-OECD Methodological Manual on Purchasing Power Parities, OECD, Paris – Annex VII, Glossary of terms and abbreviations
