Definition: Consumption good or service

Category: SNA

A consumption good or service is defined as a good or service that is used (without further transformation in production) by households, NPISHs or government units for the direct satisfaction of individual needs (or wants) or the collective needs of members of the community.

This definition is used both in SNA 1993 (§ 9.41) and in SNA 2008 (§ 9.2). United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993
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