Definition: Actual final consumption of households

Category: 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]). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA2008.pdf United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993