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Workshop on Measuring Household Production, IATUR 2014 Conference, Turku 29 July 2014
Citation preview
Consumption in HHSA
Katri Soinne
Statistics Finland
Content
Demand in SNA
Intermediate consumption
Final consumption
Gross fixed capital formation
COICOP and durability classes
Calculation of household consumption expenditure
From household final consumption in core system to
classification of household consumption in HHSA
2 IATUR - Workshop on Household Satellite 29 July 2014
Basic idea: supply = demand
Y + M = IC + C + G + I + X
where
Y = output
M = imports
IC = intermediate consumption
C = private consumption
G = government consumption
I = gross fixed capital formation (investments)
X = exports
3 IATUR - Workshop on Household Satellite 29 July 2014
SNA: intermediate consumption
Definition: intermediate consumption consists of goods and
services consumed as inputs by a process of production
(excluding fixed assets); goods and services are either
transformed or used up by production process
Examples: raw materials, semi-finished goods, fuels and
energy, small tools, purchased services, repairs and
maintenance
Delineation with investments: duration and value
For households: intermediate consumption exists only in
actions that are included as production in SNA
4 IATUR - Workshop on Household Satellite 29 July 2014
SNA: final consumption
Definition: final consumption expenditure consists of
expenditure on goods and services that are used for the
direct satisfaction of individual needs or wants or the
collective needs of members of the community
Both private and government consumption
Private consumption = household consumption expenditure
+ final consumption of NPISH (=non-profit institutions
serving households)
For households everything (except dwellings) bought as
consumers is final consumption, regardless the duration or
value
5 IATUR - Workshop on Household Satellite 29 July 2014
SNA: gross fixed capital formation
Definition: GFCF consists (acquisitions less disposals) of
fixed assets during a given period; fixed assets are
produced assets used in production for more than one year
The use of fixed capital is included into the national
accounts calculation as “consumption of fixed capital”
(comparable to depreciation)
Delineation with intermediate consumption: duration, value
For households as consumers: only dwellings are GFCF,
everything else is final consumption in the core system
6 IATUR - Workshop on Household Satellite 29 July 2014
Final consumption or intermediate consumption or GFCF?
7 IATUR - Workshop on Household Satellite 29 July 2014
Action Final consumption
Intermediate consumption
Gross fixed capital formation
Potato farmer buys pesticides
Mr Smith buys pesticides for his roses
Restaurant buys potatoes
Mrs Smith buys potatoes for her family
Ms Williams buys a car for herself
A restaurant buys a car for the company
Company buys tickets to a concert for it’s customers
You buy tickets to the same concert (as the company) for the rest of your family
Government is building a library
Household is buying an apartment
COICOP = Classification of Individual Consumption
according to Purpose
Internationally agreed classification for household
consumption (divisions 01-12)
Coded according to hierarchy:
2digit level divisions (07 Transport)
3-digit level groups (07.1 Purchase of vehicles)
4-digit level classes (07.1.1 Motor cars (D))
5-digit level classes (so far national, in the future EU-
level classification on 5-digit level, as well)
Includes classification according to durability
8 IATUR - Workshop on Household Satellite 29 July 2014
Durability classes in COICOP
Four durability classes:
ND = non-durable goods (milk)
SD = semi-durable goods (shoes)
D = durable goods (car)
S = services (restaurants)
COICOP-classing (including the information about
durability) can be used in HHSA when re-dividing final
consumption into intermediate consumption, final
consumption and gross fixed capital formation
9 IATUR - Workshop on Household Satellite 29 July 2014
Calculation of household consumption expenditure
Main source: Household Budget Survey
Information about household consumption
Not available yearly at least in Finland
Comparisons with other sources used
Years between HBS’s
Methodological calculations
Other sources: statistics on turnover of trade, national
accounts production calculations, registrations, CPI
(consumer price index), transportation statistics etc.
10 IATUR - Workshop on Household Satellite 29 July 2014
Households in satellite accounts:
intermediate consumption
Goods and services used as inputs in the production
Examples
food that does not as such constitute a snack or meal
food that needs processing
household textiles (as accessories for housing services)
repairs of machines used in household production
More intermediate consumption => the output is growing
(input approach)
11 IATUR - Workshop on Household Satellite 29 July 2014
Households in satellite accounts:
gross fixed capital formation
Fixed assets used in production for more than one year
Durability class D (durables)
Examples:
ovens, washing machines
cooking pans, table cutlery
More gross fixed capital formation => more consumption of
fixed capital => the output is growing (input approach)
12 IATUR - Workshop on Household Satellite 29 July 2014
Households in satellite accounts:
final consumption
Goods and services as such for the direct satisfaction of
individual needs or wants
Services that are purchased as substitute for household
production
Examples
leisure
laundry services
fruits
In HHSA extended accounts includes also the gross value
added of household production minus GFCF
13 IATUR - Workshop on Household Satellite 29 July 2014
Division of consumption in HHSA:
Goods and services Final Inter-
mediate
GFCF
Banana
Bed
Bike
Bread
Cake mix
Car
Carpet
Contact lenses
Eggs
Insurance
14 IATUR - Workshop on Household Satellite 29 July 2014
Division of consumption in HHSA:
Goods and services Final Inter-
mediate
GFCF
Laptop
Pet food
Potatoes
Ready-to-eat meal
Refrigerator
Shampoo
Shoes
Towel
Train ticket
T-shirt
15 IATUR - Workshop on Household Satellite 29 July 2014
Consumption in HHSA and SNA
In SNA for households everything (except housing) is final
consumption
In household satellite account we divide SNA final
household consumption into intermediate consumption,
final consumption and gross fixed capital formation
Division of consumption: national way (for example bread)
or internationally agreed division?
=> Using input method intermediate consumption and
CFC (which is related to gross fixed capital formation)
are calculated into the household production
16 IATUR - Workshop on Household Satellite 29 July 2014