Household final national consumption expenditure (monetary and non-monetary)

Household final national consumption expenditure (monetary and non-monetary)

The expenditure on final national consumption by households is the spending made by households on goods and services that are used to directly satisfy the needs or deficiencies of the household members.

Final consumption expenditure, along with social transfers in kind made by public administrations and by non-profit institutions serving households (ISFLSH), constitute the effective final consumption of households within the framework of National Accounts:

- Purchases made in monetary form (monetary expenditure).

- The estimated value of certain goods and services, such as the value of products derived from self-consumption or self-supply (whether consumed by the household or given to other households), in-kind remuneration from employers to their employees, imputed rents for homeowners or for those who use them for free or at a subsidized rate, and free or discounted meals and/or dinners at the workplace or at hospitality establishments owned by the household (non-monetary expenditure).

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