Final consumption expenditure of households

Updated: 12 Jul 2018
Next update: 31 Jan 2019

Final consumption expenditure consists of expenditure incurred by resident institutional units on goods or services that are used for the direct satisfaction of individual needs or wants, or the collective needs of members of the community. Final consumption expenditure may take place on the domestic territory or abroad. Final consumption expenditure is incurred by households, non-profit institutions serving households and general government. Non-financial corporations, financial and insurance corporations do not have final consumption expenditure.

Individual consumption expenditure is the sum of households' final consumption and final consumption expenditure of non-profit institutions serving households.

   
In 2017, households’ consumption expenditure increased by 2.6 per cent in nominal terms and by 1.4 per cent in real terms. The share of housing of the consumption expenditure continued growing reaching 28.8 per cent.