Personal consumption expenditures (PCE) totaled $11.866 trillion in 2014, with purchases of goods and services accounting for 77.75% or $9.226 trillion of that amount. The remaining 22.25% or $2.640 trillion of PCE was imputed monetary value tied to transactions for which no payment was made. See examples on page 11. Personal consumption expenditures include some commercial spending because there is no accurate way for airlines, restaurants, hotels, and other businesses to separate consumer from commercial spending when they report figures to the U.S. Commerce Department. Because there is c...