Definition
The household institutional sector is made up of individuals and groups of individuals or groups of individuals as consumers and as entrepreneurs. It includes individuals directly producing market goods and financial and non-financial services, including for own use, provided that the production of goods and services is not by separate entities treated as quasi-corporations (such as sole proprietors and partnerships without legal status).
Further information
Households are classified in sector S.14 of the economic sectorisation, according to the European System of Accounts 2010.
Related concepts
References
Update date: May 2025
