Value of household production

Producer: Statistics Finland
Homepage: http:// www.stat.fi/til/kotsa/index_en.html
Main topic: National Accounts
Related topics:
Official Statistics of Finland (OSF): No
European Statistical System (ESS): No

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. The value of household production describes the monetary value of the goods and services produced by households for their own use. The data have been calculated by function and they are released on the web in the database tables of the statistics on value of household production. When household production not belonging to national accounts is integrated into national accounts, the extent of household production comes into view relative to production (gross domestic product) included in national accounts and the share of household production in the total supply of services and goods and households’ total consumption. When times series can be used for household production, it is possible to analyse the mutual interaction of production included in national accounts and household production excluded from it as well as changes there. The calculations of the statistics on the value of household production are based on the data of the Time Use Survey, Household Budget Survey, statistics on wages and salaries and national accounts. The data of the statistics on wages and salaries and national accounts are available yearly, the data of the Time Use Survey and Household Budget Survey on those years when the surveys have been made. The most recent data available are used. The concepts and definitions used in the statistics on the value of household production are as a rule congruent with the national accounts. However, in the statistics on the value of household production part of consumption expenditure is calculated as intermediate consumption of household production, part as fixed capital formation and only part as final consumption, while in national accounts all household consumption expenditure is final consumption. The international recommendation on compiling these statistics is presented in a manual published by UNECE: “Guide on Valuing Unpaid Household Service Work”.

Data content

The statistics on the value of household production describe the monetary value of the goods and services produced by households for their own use. Data are calculated by function. When household production not belonging to national accounts is integrated into national accounts, the extent of the whole household production comes into view relative to production (gross domestic product) included in national accounts and the share of household production in the total supply of services and goods and households’ total consumption. When times series can be used for household production, it is possible to analyse the mutual interaction of production included in national accounts and household production excluded from it as well as changes there.

Classifications used

Data collection methods and data sources

The calculations of the statistics on the value of household production are based on the data of the Time Use Survey, Household Budget Survey, statistics on wages and salaries and national accounts. The statistics do not have a separate data collection. The data of the statistics on wages and salaries and national accounts are available yearly, the data of the Time Use Survey and Household Budget Survey on those years when the surveys have been made. The most recent data available are used.

Data collections

Updating frequency

The statistics are compiled annually.

Time of completion or release

These statistics are published around 11 months after the statistical year has ended.

Time series

The satellite accounts of household production were published for the first time in Finland concerning the year 2001. The following calculations have related to the years 2006, 2009 and 2012. The time series for the years 2001 to 2012 are mutually comparable. The data for 2009 and 2012 were also published in accordance with the manual compiled by UNECE, and the aim is to produce the data in future following the guidelines of the manual concerned, so that they are internationally comparable. For Finland, an internationally comparable time series thus starts from 2009 and covers years 2009, 2012 and annually from 2016 forward.

Keywords

consumption expenditure, consumption of fixed capital, final consumption, fixed capital formation, household, household production, intermediate consumption, national accounts, time use, unpaid household work,

Contact information

http://tilastokeskus.fi/til/kotsa/yht_en.html

Additional information

http://tilastokeskus.fi/til/kotsa/yht_en.html

Last updated 11.11.2020