Classification of Individual Consumption According to Purpose (COICOP) is used in household budget surveys, consumer price indices and international comparisons of gross domestic product (GDP) and its component expenditures.  Although COICOP is not strictly linked to any particular model of consumer behavior, the classification is designed to broadly reflect differences in income elasticities.  It is an integral part of the SNA1993 and more detailed subdivision of the classes provide comparability between countries and between statistics in these different areas.
Classification of household consumption
Classification of Individual Consumption According to Purpose (COICOP) is used in household budget surveys, consumer price indices and international comparisons of gross domestic product (GDP) and its component expenditures.  Although COICOP is not strictly linked to any particular model of consumer behavior, the classification is designed to broadly reflect differences in income elasticities.  It is an integral part of the SNA1993 and more detailed subdivision of the classes provide comparability between countries and between statistics in these different areas.
1 Point. Follow Classification of Individual Consumption by Purpose (COICOP). 0 Points. Otherwise
Classification of Individual Consumption According to Purpose (COICOP) is used in household budget surveys, consumer price indices and international comparisons of gross domestic product (GDP) and its component expenditures.