Household actual final consumption (HAFC) increased by 8.3% (+$132.6 billion) in 2021. This is the largest-ever annual increase observed for these estimates, which date back to 2008. The increase was driven by growth in household final consumption expenditure (HFCE), as activities resumed following earlier closures related to the COVID-19 pandemic.
HFCE measures the spending of resident households. HAFC expands on the traditional measures of HFCE by including the value of social transfers in kind (STiK). This measures the value of in-kind goods and services provided to households by governments and non-profit institutions serving households (NPISH). In addition to having a significant impact on the lives of Canadians, the COVID-19 pandemic has had a profound influence on the in-kind goods and services that governments and NPISH provide to households.
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