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."
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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.
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54:. "Gross value added is the value of output minus the value of intermediate consumption; it is a measure of the contribution to
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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
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62:(SNA) are generated and is therefore carried forward into the primary distribution of income account."
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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.
232:
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
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219:"What is GDP and Why is It So Important to Economists and Investors?"
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GDP at factor cost = gross value added (GVA) at factor cost.
306:"Productivity measures in the OECD Productivity Database".
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GVA= GDP + subsidies on products – taxes on products
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The relationship between GVA and GDP is defined as:
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123:) in the Productivity Database is GVA per hour.
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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
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126:At the company level, GVA refers to the
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181:Measures of national income and output
66:Relationship to gross domestic product
327:"Gross Value Added – GVA Definition"
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282:"Guide to Gross Value Added (GVA)"
204:OECD Glossary of Statistical Terms
140:Comparison over time is difficult.
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314:: 122 – via Google scholar.
217:Kramer, Leslie (March 20, 2020).
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150:Internationally comparable figure
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325:Kenton, Will (March 20, 2020).
91:gross regional domestic product
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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
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290:. Retrieved
288:. 2002-11-15
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262:cite journal
240:(3): 21–30.
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176:Gross profit
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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
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250:S2CID
44:goods
312:2019
268:link
121:OECD
46:and
242:doi
56:GDP
40:GVA
30:In
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