Search results
Results from the WOW.Com Content Network
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 ...
In national accounts, such as the United Nations System of National Accounts (UNSNA) or the United States National Income and Product Accounts (NIPA), gross value added is obtained by deducting intermediate consumption from gross output. Thus gross value added is equal to net output. Net value added is obtained by deducting consumption of fixed ...
The total value produced by the economy is the sum of the values-added by every industry. The expenditure method is based on the idea that all products are bought by somebody or some organisation. Therefore, we sum up the total amount of money people and organisations spend in buying things. This amount must equal the value of everything produced.
GO is defined by the Bureau of Economic Analysis (BEA) as "a measure of an industry's sales or receipts, which can include sales to final users in the economy (GDP) or sales to other industries (intermediate inputs). Gross output can also be measured as the sum of an industry's value added and intermediate inputs." [1]
The health and social care sector represents the single largest industry within Liverpool in terms of economic output, making-up 7% (£1.66m) of regional gross value added (GVA) (December 2019 basic prices). [10] The sector is also the single largest employer, representing 16.7% (32,804 jobs) of all employment within the city in 2011. [11]
Gross regional domestic product (GRDP), gross domestic product of region (GDPR), or gross state product (GSP) is a statistic that measures the size of a region's economy.It is the aggregate of gross value added (GVA) of all resident producer units in the region, and analogous to national gross domestic product.
The net output of a particular industry should not however be confused with the total value of its outputs, since in reality that total value includes the value-added by production plus the value of inputs used up (i.e. intermediate consumption) in producing the total value of outputs. For example, in making a car, a car factory adds value to ...
Source: World Development Indicators: Contribution of natural resources to gross domestic product (2011, source is unavailable) Total natural resources rents (% of GDP) by country, 2013 Oil rents (% of GDP) by country, 2013