Definition: Value of goods produced for own consumption
The value of goods produced for own consumption refers to the value of food and beverages produced and also consumed within the same household.
The value of goods produced for own consumption shall be calculated as the market value of goods produced deducting any expenses incurred in the production.
The value of food and beverages shall be included when they are a significant component of the income at national level or they constitute a significant component of the income of particular groups of households.
This value does not include:
- value of household services,
- any production for sale and any withdrawals from a business by a self-employed person (these values are included under "Gross income benefits or losses from self-employment" (including royalties) (PY050G)).
Commission Regulation (EC) No 1980/2003 of 21 October 2003 implementing Regulation (EC) No 1177/2003 of the European Parliament and of the Council concerning Community statistics on income and living conditions (EU-SILC) as regards definitions and updated definitions