FINAL CONSUMPTION (P.3, P.4)

3.74 Two concepts of final consumption are used:

  1. final consumption expenditure (P.3);
  2. actual final consumption (P.4).
Final consumption expenditure is a concept that refers to a sector's expenditure on consumption goods and services. In contrast, actual final consumption refers to its acquisition of consumption goods and services. The difference between these concepts lies in the treatment of certain goods and services financed by the government or NPISHs but supplied to households as social transfers in kind.