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This is a list of countries by household final consumption expenditure per capita, that is, the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households during one year, divided by the country's average (or mid-year) population for the same year.
Household final consumption expenditure (POES) is a transaction of the national account's use of income account representing consumer spending.It consists of the expenditure incurred by resident households on individual consumption goods and services, including those sold at prices that are not economically significant.
Consumer spending is the total money spent on final goods and services by individuals and households. [ 1 ] There are two components of consumer spending: induced consumption (which is affected by the level of income ) and autonomous consumption (which is not).
The countries are sorted by their household final consumption expenditure (HFCE) which represents consumer spending in nominal terms. [1] A large (and especially larger than the whole economy (100% GDP)) percentage typically indicates the existence of an informal economy, at least in terms of income.
Government final consumption expenditure is made for collective consumption or for individual consumption in the form of social transfers in kind to households. Also non-profit institutions serving households provide individual consumption goods and services to households free of charge or at reduced prices.
Classification of Individual Consumption According to Purpose (COICOP) is a Reference Classification published by the United Nations Statistics Division that divides the purpose of individual consumption expenditures incurred by three institutional sectors, namely households, non-profit institutions serving households, and general government.
The import price data cemented economists' estimates of a 0.3% increase in October in the personal consumption expenditures price index, excluding the volatile food and energy categories.
Interest rate: Fluctuations in interest rates can affect household consumption decisions. An increase in interest rates increases people's savings and, as a result, reduces their consumption expenditures. Household size: Households' absolute consumption costs increase as the number of family members increases. Although for some goods, as the ...