Definition: Households sector

Category: National accounts

The households sector comprises all households and includes household firms. These cover sole proprietorships and most partnerships that do not have an independent legal status. Therefore the household sector also generates output and entrepreneurial income. In the European accounts, non-profit institutions serving households (NPISHs), such as charities and trade unions, are grouped with households. Their economic weight is relatively limited. http://epp.eurostat.ec.europa.eu/portal/page/portal/sector_accounts/concepts/institutional_sectors