Work Done at Home Still Equals About 16% of the Economy When You Count It

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BSF-0033 · Family & Community · Evidence as of: 2024

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The Fact

Bureau of Economic Analysis expanded household-production statistics estimated that household production value added represented about 16% of extended U.S. GDP in 2024.

What This Means

Unpaid work performed inside households remains economically large even though standard GDP generally excludes it because no market transaction occurs.

Sources

  1. U.S. Bureau of Economic Analysis, Expanded Indicators in U.S. Household Production Statistics.
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