Definition: Goods and services for individual consumption

Category: European System of Accounts (ESA)

Goods and services  acquired by a household and used to satisfy the needs and wants of members of that household. Individual goods and services have the following characteristics: 

a) It must be possible to observe and record the acquisition of the good or services by an individual household or member thereof and also the time at which it took place; 
b) the household must have agreed to the provision of the good or service and take whatever action is necessary to make it possible, for example by attending a school or clinic; 
c) the good or service must be such that its acquisition by one household or person, or possibly by a small, restricted group of persons, precludes its acquisition by other households or persons (ESA 2010, ESA 1995). http://ec.europa.eu/eurostat/product?code=KS-02-13-269&mode=view European Union, Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, Official Journal of the European Union No L 174, 26.06.2013, p. 1 - 727
Eurostat, "European System of Accounts - ESA 1995", Office for Official Publications of the European Communities, Luxembourg, 1996