Component 4: Value of voluntary work

Definition

The term “voluntary work” includes voluntary activities as well as informal help (in prices of 2010).

Effect on the NWI:

Description and meaning of the component

Voluntary work is part of a countries’ economic value creation. The fact that it remains unconsidered in GDP is – like the issue of household work – based on normative decision of the commissions that were advancing the standardization of national accounts with a focus on paid work.

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Development of the component

Value of voluntary work

(prices of 2010)

billion Euro

  • Source: Statistisches Bundesamt, graphic account by FEST/FFU