Share This Article:

Economic Definition of personal consumption expenditures. Defined.

Offline Version: PDF

Term personal consumption expenditures Definition: The official item in the National Income and Product Accounts maintained by the Bureau of Economic Analysis measuring household consumption expenditures on gross domestic product. Personal consumption expenditures are far and away the largest and tends to be the most stable of the four expenditures, averaging about 65-70% of gross domestic product. The other official expenditures included in the National Income and Product Accounts are gross private domestic investment, government consumption expenditures and gross investment, and net exports of goods and services.

 

« perfectly inelastic | personal income »

Permalink: https://glossary.econguru.com/economic-term/personal+consumption+expenditures

Alphabetical Reference to Over 2,000 Economic Terms