Definition: Actual final consumption of households

SNA

Actual final consumption of households is measured by the value of all the individual consumption goods and services acquired by resident households (SNA 2008, § 9.116). 

Actual final consumption of households is the value of the consumption goods and services acquired by households, whether by purchase in general, or by transfer from government units or NPISHs, and used by them for the satisfaction of their needs and wants; it is derived from their final consumption expenditure by adding the value of social transfers in kind receivable (SNA 1993, § 9.11 and 9.3 [9.72, 9.96]).
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
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