The household account

A household is a group of people collectively taking responsibility to feed and house themselves. A household can consist of a single person or of two or more people living under the same roof, these people generally being linked by family ties. However, there are also “institutional households” consisting of, for example, members of the armed forces living in a barracks or on board a ship, people detained in prison, or nuns living in a convent. National accounts make no distinction between these different categories of “household”, and they are all lumped together in what is known as the “household sector”, carrying the code S14. In practice, however, the bulk of the household sector consists of families.