Households and NPISHs Final consumption expenditure (current US$)

This economic indicator measures the total market value of goods and services acquired by households and non-profit institutions serving households, illuminating consumer spending habits within an economy. It encompasses a wide range of expenditures, including durable items like vehicles and appliances, as well as everyday services. Notably, while expenditures on homes themselves are excluded, the indicator accounts for the imputed rent of owner-occupied properties, thus reflecting the housing sector's impact on consumption. Furthermore, it captures financial transactions related to mandatory governmental fees and licenses. By providing insights into non-profit spending alongside household consumption, this metric paints a comprehensive picture of the economic landscape and consumer behavior, facilitating more informed policy and economic decisions. Source: