Value of household production

Producer: Statistics Finland
Data:

Latest release:
Households do great quantities of household work and it is also significant for the national economy
07 Nov 2018
The gross value added of household production was EUR 95.2 billion in Finland in 2016. Gross domestic product was EUR 216.1 billion in the corresponding period.

Next release:
7 Nov 2019

Description: Unpaid household work – that is, services produced by households for themselves, such as cleaning, cooking, doing the laundry and childcare – based on international agreements remains outside the production boundary of national accounts, that is, it is not included in gross domestic product, for example. The statistics on the value of household production supplement the core system of national accounts in describing the economic significance of household production not included in national accounts. In addition to the value of household production, we can talk about the Household Production Satellite or the household satellite.
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Keywords: consumption expenditure, consumption of fixed capital, final consumption, fixed capital formation, household, household production, intermediate consumption, national accounts, time use, unpaid household work.
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Referencing instructions:

Statistics: Value of household production [e-publication].
ISSN=2490-0192. Helsinki: Statistics Finland [referred: 20.10.2019].
Access method: http://www.stat.fi/til/kotsa/index_en.html