Search box

Definition: Intermediate consumption


Value of the goods and services consumed as inputs by a process of production, excluding fixed assets whose consumption is recorded as consumption of fixed captital. The goods or services may be either transformed or used up by the production process.

This definition is used both in SNA 1993 (§ 6.147) and in SNA 2008 (§ 6.213). 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