Glossary:Household final consumption expenditure (HFCE)

From Statistics Explained

Household final consumption expenditure, abbreviated as HCFE, consists of the total outlay on individual goods and services by resident households, including those sold at below-market prices. HCFE includes imputed expenditures or transactions which do not occur in monetary terms and can therefore not be measured directly.

Related concept

• Household final monetary consumption expenditure

Statistical data

• National accounts – GDP

Source

• Eurostat's Concepts and Definitions Database

• OECD glossary for definition of imputed expenditure