Statistiken: Final consumption expenditure (current LCU)
Definition: Final consumption expenditure (current LCU)
Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). Data are in current local currency.
Relevanz der Entwicklung: Final consumption expenditure (current LCU)
Einschränkungen und Ausnahmen: Final consumption expenditure (current LCU)
Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total.
Statistisches Konzept und Methodik: Final consumption expenditure (current LCU)
Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.