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 and the figures are calculated for the years on which a new Time Use Survey or Household Budget Survey is available. 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

Full description.

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/meta_en.html