Private Final Consumption Expenditure Calculator

✖Household Final Consumption Expenditure is a component of national accounts that measures the total value of goods and services purchased by households for final consumption.ⓘ Household Final Consumption Expenditure [HFCE]			+10% -10%
✖Non Profit Private Institutions FCE refers to the total value of goods and services consumed by non-profit institutions that primarily serve households, such as charities etc.ⓘ Non Profit Private Institutions FCE [NPPIFCE]			+10% -10%

✖Private Final Consumption Expenditure is used to measure the total value of goods and services purchased by households for their final consumption during a year.ⓘ Private Final Consumption Expenditure [PFCE]

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Formula

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Private Final Consumption Expenditure

Formula

PFCE = HFCE + NPPIFCE

Example

50010 = 35000 + 15010

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Private Final Consumption Expenditure Solution

STEP 0: Pre-Calculation Summary

Formula Used

Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE
PFCE = HFCE+NPPIFCE
This formula uses 3 Variables

Variables Used

Private Final Consumption Expenditure - Private Final Consumption Expenditure is used to measure the total value of goods and services purchased by households for their final consumption during a year.
Household Final Consumption Expenditure - Household Final Consumption Expenditure is a component of national accounts that measures the total value of goods and services purchased by households for final consumption.
Non Profit Private Institutions FCE - Non Profit Private Institutions FCE refers to the total value of goods and services consumed by non-profit institutions that primarily serve households, such as charities etc.

STEP 1: Convert Input(s) to Base Unit

Household Final Consumption Expenditure: 35000 --> No Conversion Required
Non Profit Private Institutions FCE: 15010 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

PFCE = HFCE+NPPIFCE --> 35000+15010

Evaluating ... ...

PFCE = 50010

STEP 3: Convert Result to Output's Unit

50010 --> No Conversion Required

FINAL ANSWER

50010 <-- Private Final Consumption Expenditure

(Calculation completed in 00.004 seconds)

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Private Final Consumption Expenditure Formula

Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE
PFCE = HFCE+NPPIFCE

What do you mean by Private Final Consumption Expenditure ?

Private Final Consumption Expenditure is the summation of the total final household consumption expenditure and final consumption expenditure of other private non-profit institutions on various types of consumer goods and services, including durable (except houses, as any expenditure incurred on the purchase or construction of houses occupied by owners comes under Gross Residential Construction Investment as Capital Formation), non-durable, semi-durable goods and services. It also includes all the domestic and international expenditures incurred by citizens of a country. This means that if a resident of India's consumption on a foreign land, it will be added up in this component of expenditure, whereas consumption by a foreigner on Indian land will be subtracted from PFCE.

How to Calculate Private Final Consumption Expenditure?

Private Final Consumption Expenditure calculator uses Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE to calculate the Private Final Consumption Expenditure, Private Final Consumption Expenditure represents the expenditure made by the non profit private institutions on behalf of households for their final consumption. Private Final Consumption Expenditure is denoted by PFCE symbol.

How to calculate Private Final Consumption Expenditure using this online calculator? To use this online calculator for Private Final Consumption Expenditure, enter Household Final Consumption Expenditure (HFCE) & Non Profit Private Institutions FCE (NPPIFCE) and hit the calculate button. Here is how the Private Final Consumption Expenditure calculation can be explained with given input values -> 50010 = 35000+15010.

FAQ

What is Private Final Consumption Expenditure?

Private Final Consumption Expenditure represents the expenditure made by the non profit private institutions on behalf of households for their final consumption and is represented as PFCE = HFCE+NPPIFCE or Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE. Household Final Consumption Expenditure is a component of national accounts that measures the total value of goods and services purchased by households for final consumption & Non Profit Private Institutions FCE refers to the total value of goods and services consumed by non-profit institutions that primarily serve households, such as charities etc.

How to calculate Private Final Consumption Expenditure?

Private Final Consumption Expenditure represents the expenditure made by the non profit private institutions on behalf of households for their final consumption is calculated using Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE. To calculate Private Final Consumption Expenditure, you need Household Final Consumption Expenditure (HFCE) & Non Profit Private Institutions FCE (NPPIFCE). With our tool, you need to enter the respective value for Household Final Consumption Expenditure & Non Profit Private Institutions FCE and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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