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In economics, gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy. "Gross value added is the value of output minus the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the ...
Value added is a term in financial economics for calculating the difference between market value of a product or service, and the sum value of its constituents. It is relatively expressed to the supply-demand curve for specific units of sale. [ 1 ]
Gross value added (GVA) is a measure of the value of goods and services produced in a localized area without considering taxes and subsidies (unlike gross domestic product (GDP)). Additionally, the ONS's estimates on GVA adapt to regional disparities in commuting regions by allocating the GVA to the area in which an employee commuted from.
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It is equal to the value of net output or GDP (also known as gross value added) plus intermediate consumption. Gross output represents, roughly speaking, the total value of sales by producing enterprises (their turnover) in an accounting period (e.g. a quarter or a year), before subtracting the value of intermediate goods used up in production.
Gross value added, an economic measure This page was last edited on 16 April 2024, at 23:08 (UTC). Text is available under the Creative Commons ...
Starting off with Gross Output, expenditure on intermediate goods and services are deducted, to arrive at gross value added. Value added may be stated gross (equal to the net output value, including consumption of fixed capital, i.e. depreciation charges) or net (excluding consumption of fixed capital). The net operating surplus (NOS) is thus ...
The countries of the United Kingdom by GVA per capita sets out the gross value added per capita for each of the countries of the United Kingdom as well as separate figures for the nine English regions.