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Household final consumption expenditure
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Household final consumption expenditure : ウィキペディア英語版
Household final consumption expenditure
Household final consumption expenditure (HFCE) 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. It also includes various kinds of imputed expenditure of which the imputed rent for services of owner-occupied housing (imputed rents) is generally the most important one. The household sector covers not only those living in traditional households, but also those people living in communal establishments, such as retirement homes, boarding houses and prisons.
The above given definition of HFCE includes expenditure by resident households on the domestic territory and expenditure by resident households abroad (outbound tourists), but excludes any non-resident households' expenditure on the domestic territory (inbound tourists). From this national definition of consumption expenditure may be distinguished the household final consumption expenditure according to the domestic concept which includes household expenditure made on the domestic territory by residents and inbound tourists, but excludes residents' expenditure made abroad.
HFCE is measured at purchasers' prices which is the price the purchaser actually pays at the time of the purchase. It includes non-deductible value added tax and other taxes on products, transport and marketing costs and tips paid over and above stated prices.〔F. Lequiller, D. Blades: Understanding National Accounts, Paris: OECD 2006, p. 126〕
==Components==

Household final consumption expenditure includes the following components:
* households' purchases of products for their everyday needs (''e.g. food, clothing, cars, rents, personal services)''
* households' partial payments for products provided by the general government (''e.g. tickets to public museums and swimming pools)''
* households' payments to the general government for licences and permits ''(e.g. fees for issuing passports)''
* imputed rents for services of owner-occupied housing
* household's own account consumption of outputs produced by unincorporated enterprises owned by households ''(e.g. own-consumption of milk produced on a farm)''
* income in kind earned by employees ''(free or reduced train tickets for railway employees)''
* households' consumption of Financial Intermediation Services Indirectly Measured (FISIM)

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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