Gross value added

Gross value added

Gross Value Added or GVA is a measure in economics of the value of goods and services produced in an area or sector of an economy. [cite web|url=|title=Gross Value Added (GVA) Briefing Paper|accessdate=2008-03-29|date=2007-10-29|format=pdf|publisher=Kent County Council]

Relationship to Gross Domestic Product

GVA is linked as a measurement to Gross Domestic Product (GDP), as both are measures of output. The relationship is defined as:

:GVA + taxes on products - subsidies on products = GDP

As the total aggregates of taxes on products and subsidies on products are only available at whole economy level, [cite web|url=|title=Guide to Gross Value Added (GVA)|accessdate=2008-03-29|date=2002-11-15|publisher=Office for National Statistics] Gross Value Added is used for measuring Gross regional domestic product and other measures of the output of entities smaller than a whole economy.

ee also

*Measures of national income and output
*Gross domestic product
*Gross regional domestic product
*Value added
*Gross profit


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