Average household expenditure and size by residence from 2002-2016
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Information

Unit
ISK and per cent
Latest update
3/2/2018
Reference time
2002-2016
Matrix
VIS05302
Footnotes

Footnotes

Yearly expenditure figures in this table are based on the household expenditure survey that has been a continous survey since the year 2000. The results are a three year average at price levels of the last year except during the years 2011-2016 where results are based on a four year average due to poor research responses in the years 2013-2015. Some COICOP classes have a standard error of mean larger than 20% and a few larger than 30%, mostly in classes where expenditure are rare and have a wide price range. These classes are specified in the printed results of the household expenditure survey published in the Statistical Series. Reforms have been implemented to the surveys response probability weights which have a minor effect on comparisons before and after the 2011-2014 statistics data.
COICOP
OECD equivalent scale
The first adult household member is assigned the weighting 1, other adults 0.7 and children less than 13 year old the weighting 0.5.
Eurostat equivalent scale
The first adult household member is assigned the weighting 1, other adults 0.5 and children less than 13 year old the weighting 0.3.