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Final household consumption expenditure
Definition
Final household consumption expenditure consists of expenditure incurred by resident household on goods or services that are used for the satisfaction of needs or wants. The corresponding products are not stored, but are considered as consumed at the time of their purchase, even if they are durable goods (cars, household electrical appliances, furniture, etc.).
Final household consumption expenditure includes the share of expenses on health, education and housing remaining to be paid by them, after possible reimbursements. It also includes imputed rents, which households that own their residence implicitly pay to themselves.
