63:(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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43:. "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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51:(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.
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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
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208:"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.
295:"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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112:) in the Productivity Database is GVA per hour.
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59:GVA is an important measure used to determine
39:produced in an area, industry or sector of an
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297:OECD Compendium of Productivity Indicators
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115:At the company level, GVA refers to the
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170:Measures of national income and output
55:Relationship to gross domestic product
316:"Gross Value Added – GVA Definition"
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271:"Guide to Gross Value Added (GVA)"
193:OECD Glossary of Statistical Terms
129:Comparison over time is difficult.
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303:: 122 – via Google scholar.
206:Kramer, Leslie (March 20, 2020).
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139:Internationally comparable figure
31:) is the measure of the value of
314:Kenton, Will (March 20, 2020).
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49:System of National Accounts
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235:10.5367/000000007781497773
103:GVA at different levels
336:Gross domestic product
78:is used for measuring
61:gross domestic product
124:Disadvantages of GVA
120:company's profit."
341:National accounts
223:Tourism Economics
134:Advantages of GVA
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279:. Retrieved
277:. 2002-11-15
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251:cite journal
229:(3): 21–30.
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165:Gross profit
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76:value added
330:Categories
281:2012-07-08
176:References
147:Conclusion
117:net income
85:Restated,
243:153597825
21:economics
159:See also
37:services
41:economy
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239:S2CID
33:goods
301:2019
257:link
110:OECD
35:and
231:doi
45:GDP
29:GVA
19:In
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