from Office of National Statistics (ONS) 18th July 2014
- This article reports on the measurement of informal childcare by households which is outside the scope of National Accounts and therefore Gross Domestic Product (GDP).
- Formal childcare per child for children under 5 years old increased by 36.4% between 1995 and 2010.
- Between 1995 and 2010 there was a movement away from informal childcare in the household towards formal childcare for children aged under 5 years old.
- The value of informal childcare in 2010 was £343 billion (valued using gross wages), this is equivalent to 23% of GDP.