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Dictionary of Terminology
The term: Actual individual consumption

Subject:

National Accounts

Definition:

The total value of household final consumption expenditure, non-profit institutions serving households' final consumption expenditure and government expenditure on individual consumption goods and services.

Notes:

a. Former term: Individual consumption expenditure
b. An individual consumption good or service is one that is acquired by a household and used to satisfy the needs and wants of members of that household.

Examples:

Expenditure on clothing, expenditure on food, expenditure on health, expenditure on education.

Link to other
 dictionary terms:
General government final consumption expenditure (subject: National Accounts)
Household final consumption expenditure (subject: National Accounts)
Private consumption expenditure (subject: National Accounts)

Last update:

17/05/2011
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