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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 ...
Chapter 1; [5] provides a summary of the UK National Accounts along with explanations and tables that cover the main national and domestic aggregates, for example gross domestic product [6] at current market prices and chained volume measures; the GDP deflator; gross value added (GVA) at basic prices; gross final expenditure at current prices; GDP per head and; GDP and real household ...
The United Kingdom fishing industry contributed £446 million in 2019 in terms of Gross Value Added (GVA); this represents 0.02% of the UK's total GVA. [46] In 2021, 53% of fishers were based in England and Wales, 40% in Scotland and 8% in Northern Ireland. The largest English region was the South West, contributing 10% of overall output in the ...
In 2017, the total output (gross value added) in the service industry amounted to 75.2% of total output in Denmark, [7] and 79.9% of all employed people worked in this industry in 2016. [15] Apart from public administration, education and health services, main service sub-industries were trade and transport services, and business services. [15]
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.
The retail sector is the largest private sector employer in Wales. The sector has 114,000 employees which accounts for 6.0% of Welsh GVA (gross value added). The retail sector in Wales is considered highly valuable by the Welsh government. [68]
In 2013, Birmingham's GVA was £24.1bn, accounting for 21.8% of the GVA of the West Midlands (region), and 1.6% of the GVA of the UK. Compared with other NUTS 3 city areas, its GVA is exceeded only by London (comprising five NUTS 3 areas – £309.3bn) and Greater Manchester South (£34.8bn).
The city has the second-highest gross value added (GVA) per resident (behind London) in major UK cities, with the average being £34,178 per resident. [16] The employment rate for the city stood at 73.6% for Q1 of 2013, which was higher than the rate for Scotland as a whole, which stood at 71.8%. [17]