Value of household production

Producer: Statistics Finland
Data:

Latest release:
Value of household production has grown slightly slower than GDP in recent years
07 Nov 2019
The gross value added of household production was EUR 96.4 billion in Finland in 2018. Gross domestic product was EUR 234.5 billion in the corresponding period.

Next release:
Statistical releases will not be issued in English from these statistics in 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: 13.11.2019].
Access method: http://www.stat.fi/til/kotsa/index_en.html