Home > Statistics > Value of household production > 2016 > Households do great quantities of household work and it is also significant for the national economy

Published: 7 November 2018

Households do great quantities of household work and it is also significant for the national economy

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.

According to the internationally agreed practice, unpaid household work or services produced by households for themselves are not as a rule included in gross domestic product. However, it is possible to calculate a value for this work done by households.

The 2016 calculations of the statistics on the value of household production make use of the data of the latest Household Budget Survey (2016), the Time Use Survey of 2009 and other annual statistics. The data of the 2009 Time Use Survey are updated with regard to the numbers of household types in 2016. The figures concerning the value of household production were calculated according to the new international guidelines.

When we talk about household production, it means household production both included in gross domestic product and excluded from gross domestic product. In the calculations, these two items are kept separate, whereby household production excluded from GDP can be taken as a proportion to GDP or it can be summed with GDP to calculate so-called extended GDP, and there is thus no overlapping in the calculations.

The gross value added of household production covers the value of work done by households for themselves and consumption of fixed capital used in production, and it is the concept corresponding to gross domestic product in these calculations.

In 2016, gross domestic product was EUR 216.1 billion in Finland, and the gross value added of total household production EUR 95.2 billion. The share of household production in GDP was EUR 16.4 billion and the gross value added of household production excluded from GDP (so-called non-SNA) EUR 78.8 billion. The share of household production excluded from national accounts corresponded to 36.5 per cent of GDP. The gross value added of household production excluded from GDP as a ratio to GDP has been at a very similar level in 2009 and 2012, too.

Household production excluded from GDP as a ratio to GDP

The so-called extended GDP, or the sum of GDP and the gross value added of household production excluded from GDP, was EUR 295.0 billion in 2016. The gross value added of household production – that is, we can now take into account both household production already included in GDP and excluded from GDP – is slightly under one third of this extended GDP, that is, 32.3 per cent.

The statistics on the value of household production supplement the core system of national accounts in describing the significance of household production not included in national accounts. The statistics describe the monetary value of the goods and services produced by households for their own use.

The tables produced on Statistics Finland's Internet pages present earlier calculations according to the model designed in Finland for the years 2001 to 2012 and newer calculations compiled according to the international recommendations for the years 2009 to 2016.

Source: Value of household production, Statistics Finland

Inquiries: Katri Soinne 029 551 2778, kansantalous@stat.fi

Director in charge: Ville Vertanen

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Updated 7.11.2018