Term:
Actual final consumption of households
Definition:

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.

Domain:
Economics & National Accounts
Source:
SNA 9.11 and 9.3 [9.72, 9.96]
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