Final consumption expenditure of households
|Updated: 12.7.2013 - Next update: 11.7.2014|
In nominal terms, households’ final consumption expenditure increased by 3.2 per cent. Money spent on housing, food and health grew the most. Less money than before was spent on car purchases and telecommunications.
Consumption expenditure was lower than disposable income, so the savings ratio, or savings relative to disposable income, was, unlike indicated by the preliminary data, one per cent in the positive. Households’ fixed investments grew by one-half of a per cent in nominal terms but decreased in real terms as residential building decreased. Households’ financial position showed a deficit of EUR 4.1 billion.
Statistics Finland / Annual national accounts
Description of indicator
Final consumption expenditure consists of expenditure incurred by resident institutional units on goods or services that are used for the direct satisfaction of individual needs or wants, or the collective needs of members of the community. Final consumption expenditure may take place on the domestic territory or abroad. Final consumption expenditure is incurred by households, non-profit institutions serving households and general government. Non-financial corporations, financial and insurance corporations do not have final consumption expenditure.
Individual consumption expenditure is the sum of households' final consumption and final consumption expenditure of non-profit institutions serving households.