Intermediate consumption consists of the value of the goods and services consumed as inputs by a process of production, excluding fixed assets whose consumption is recorded as consumption of fixed capital. The goods and services may be either transformed or used up by the production process.
Products used for intermediate consumption should be recorded and valued at the time they enter the process of production. They are to be valued at the purchasers’ prices for similar goods or services at that time.
Statistics using the definition
- Regional accounts
- Regional input-output tables
- General government expenditure by function
- General government revenue and expenditure by quarter
- Tourism account
- Quarterly national accounts
- Supply, use and input-output tables
- Quarterly sector accounts
- Growth and productivity measures
- Annual national accounts
Validity of the definition
- Valid until (31 December 2078)