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Gross value added

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74:(GDP). GDP is an indicator of the health of a national economy and economic growth. It represents the monetary value of all products and services produced in the country within a defined period of time. "In comparing GVA and GDP, we can say that GVA is a better measure for the economic welfare of the population, because it includes all primary incomes. From the point of view of the society as a whole GDP, despite its disadvantages, is probably a better measure for economic growth and welfare, because it includes also NET INDIRECT TAX (indirect taxes minus subsidies) which are the financial basis for the collective consumption of the society." 118:
GVA can be used for measuring of the contribution to GDP made by an individual producer, industry or sector. For instance, to analyze the productivity of the market sector, one can use GVA per worker or GVA per hour. The measure preferred by the Organisation for Economic Cooperation and Development
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of a produced particular good. "Once the consumption of fixed capital and the effects of depreciation are subtracted, the company knows how much net value a particular operation adds to its bottom line. In other words, the GVA number reveals the contribution made by that particular product to the
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Over-simplistically, GVA is the grand total of all revenues, from final sales and (net) subsidies, which are incomes into businesses. Those incomes are then used to cover expenses (wages & salaries, dividends), savings (profits, depreciation), and (indirect) taxes.
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GDP at factor cost = value of the final goods and services produced within the domestic territory of a country during one year by all production units inclusive of depreciation.
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GVA is sector specific, and GDP is calculated by summation of GVA of all sectors of economy with taxes added and subsidies are deducted.
218: 54:. "Gross value added is the value of output minus the value of intermediate consumption; it is a measure of the contribution to 180: 58:
made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the
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As the total aggregates of taxes on products and subsidies on products are only available at whole economy level, Gross
17: 346: 90: 285: 59: 351: 62:(SNA) are generated and is therefore carried forward into the primary distribution of income account." 27:
Measure of the value of goods and services produced in an area, industry or sector of an economy
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GVA at factor cost = value of output (quantity * price) - value of intermediary consumption.
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Ivanov; Webster (September 1, 2007). "Measuring the Impact of Tourism on Economic Growth".
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GDP at market price = GDP at factor cost + net indirect taxes(indirect taxes- subsidies).
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and other measures of the output of entities smaller than a whole economy.
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Better market condition projection globally, especially in case of FIIs
127: 219:"What is GDP and Why is It So Important to Economists and Investors?" 31: 51: 43: 100:
GDP at factor cost = gross value added (GVA) at factor cost.
306:"Productivity measures in the OECD Productivity Database". 120: 65: 55: 81:
GVA= GDP + subsidies on products – taxes on products
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The relationship between GVA and GDP is defined as:
338: 123:) in the Productivity Database is GVA per hour. 231: 70:GVA is an important measure used to determine 50:produced in an area, industry or sector of an 266:: CS1 maint: multiple names: authors list ( 308:OECD Compendium of Productivity Indicators 113: 126:At the company level, GVA refers to the 134: 14: 339: 324: 216: 181:Measures of national income and output 66:Relationship to gross domestic product 327:"Gross Value Added – GVA Definition" 198: 196: 144: 24: 282:"Guide to Gross Value Added (GVA)" 204:OECD Glossary of Statistical Terms 140:Comparison over time is difficult. 25: 363: 314:: 122 – via Google scholar. 217:Kramer, Leslie (March 20, 2020). 193: 150:Internationally comparable figure 42:) is the measure of the value of 325:Kenton, Will (March 20, 2020). 91:gross regional domestic product 318: 299: 286:Office for National Statistics 274: 225: 210: 13: 1: 186: 157: 7: 169: 60:System of National Accounts 10: 368: 246:10.5367/000000007781497773 114:GVA at different levels 347:Gross domestic product 89:is used for measuring 72:gross domestic product 135:Disadvantages of GVA 131:company's profit." 352:National accounts 234:Tourism Economics 145:Advantages of GVA 36:gross value added 18:Gross Value Added 16:(Redirected from 359: 331: 330: 322: 316: 315: 303: 297: 296: 294: 293: 278: 272: 271: 265: 257: 229: 223: 222: 214: 208: 207: 200: 21: 367: 366: 362: 361: 360: 358: 357: 356: 337: 336: 335: 334: 323: 319: 305: 304: 300: 291: 289: 280: 279: 275: 259: 258: 230: 226: 215: 211: 202: 201: 194: 189: 172: 160: 147: 137: 116: 68: 28: 23: 22: 15: 12: 11: 5: 365: 355: 354: 349: 333: 332: 317: 298: 273: 224: 209: 191: 190: 188: 185: 184: 183: 178: 171: 168: 159: 156: 155: 154: 151: 146: 143: 142: 141: 136: 133: 115: 112: 111: 110: 107: 104: 101: 83: 82: 67: 64: 26: 9: 6: 4: 3: 2: 364: 353: 350: 348: 345: 344: 342: 328: 321: 313: 309: 302: 287: 283: 277: 269: 263: 255: 251: 247: 243: 239: 235: 228: 220: 213: 205: 199: 197: 192: 182: 179: 177: 174: 173: 167: 164: 152: 149: 148: 139: 138: 132: 129: 124: 122: 108: 105: 102: 99: 98: 97: 94: 92: 88: 80: 79: 78: 75: 73: 63: 61: 57: 53: 49: 45: 41: 37: 33: 19: 320: 311: 307: 301: 290:. Retrieved 288:. 2002-11-15 276: 262:cite journal 240:(3): 21–30. 237: 233: 227: 212: 203: 176:Gross profit 165: 161: 125: 117: 95: 84: 76: 69: 39: 35: 29: 87:value added 341:Categories 292:2012-07-08 187:References 158:Conclusion 128:net income 96:Restated, 254:153597825 32:economics 170:See also 48:services 52:economy 252:  250:S2CID 44:goods 312:2019 268:link 121:OECD 46:and 242:doi 56:GDP 40:GVA 30:In 343:: 310:. 284:. 264:}} 260:{{ 248:. 238:13 236:. 195:^ 34:, 329:. 295:. 270:) 256:. 244:: 221:. 206:. 119:( 38:( 20:)

Index

Gross Value Added
economics
goods
services
economy
GDP
System of National Accounts
gross domestic product
value added
gross regional domestic product
OECD
net income
Gross profit
Measures of national income and output


"What is GDP and Why is It So Important to Economists and Investors?"
doi
10.5367/000000007781497773
S2CID
153597825
cite journal
link
"Guide to Gross Value Added (GVA)"
Office for National Statistics
"Gross Value Added – GVA Definition"
Categories
Gross domestic product
National accounts

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