Households and NPISHs Final consumption expenditure per capita (constant 2015 US$)

This measure represents the per capita value of total final consumption expenditures made by households and nonprofit institutions serving households, adjusted for inflation to reflect constant 2015 U.S. dollar values. It encompasses all market-based purchases of goods and services, which range from everyday necessities to durable items, while excluding residential property acquisitions. Notably, it includes imputed rent for owner-occupied housing, providing a comprehensive view of consumption behaviors. Additionally, this indicator captures the financial contributions made to governmental bodies for licenses and permits. By integrating spending patterns from nonprofit entities, this metric offers richer insights into the economic welfare and consumption capabilities of households, enabling more nuanced analyses of social trends and economic health. Source: