Households and NPISHs final consumption expenditure (% of GDP)

Final consumption expenditure by households and non-profit institutions serving households reflects the total market value of all goods and services consumed by these entities, encompassing a variety of durable assets such as vehicles, electronics, and home appliances. This metric excludes direct housing purchases but incorporates imputed rents for owner-occupied properties, providing a more comprehensive view of household financial engagement. It also accounts for obligatory payments to governmental bodies for licenses and permits and integrates expenditures made by non-profit organizations, offering a broader understanding of economic activity within the community. Furthermore, any discrepancies between resource usage and supply are included, illustrating the complex dynamics of consumption within the economy. Source: