Omission of Unpaid Household Production from GDP

A national statistical agency is tasked with incorporating the value of unpaid elder care provided by family members into its country's GDP figures. What is the most significant methodological obstacle the agency will encounter in this process?

Comparing Valuation Challenges

Policy Proposal for GDP Calculation

The Problem of Pricing the Priceless in National Accounts

The primary reason non-market activities, such as unpaid household work or community volunteering, are excluded from official economic output statistics is that these activities are considered to have no significant economic value.