gross value added (GVA) definition

gross value added (GVA) means gross value added at factor costs, which is the value of output less the value of intermediate consumption. It is a measure of the contribution to GDP made by an individual producer, industry or sector. GVa at factor cost is GVa at market prices less any indirect taxes plus any subsidies. Value added at factor cost can be calculated from turnover, plus capitalised production, plus other operating income, plus or minus changes in stocks, minus purchases of goods and services, minus other taxes on products that are linked to turnover but not deductible, minus duties and taxes linked to production. alternatively, it can be calculated from gross operating surplus by adding personnel costs. Income and expenditure classified as financial or extraordinary in company accounts is excluded from value added. Value added at factor costs is calculated at gross level, as value adjustments (such as depreciation) are not subtracted (1);
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gross value added (GVA) means gross value added at factor costs, which is the value of output less the value of intermediate consumption. It is a measure of the contribution to GDP made by an individual producer, industry or sector. GVa at factor cost is GVa at market prices less any indirect taxes plus any subsidies. Value added at factor cost can be calculated from turnover, plus capitalised production, plus other operating income, plus or minus changes in stocks, minus purchases of goods and services, minus other taxes on products that are linked to turnover but not
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Examples of gross value added (GVA) in a sentence

  • In 2003, gross value added (GVA) per head in the Tees Valley was £12,280 compared to the UK figure of £16,845 per head.

  • Regional gross value added (GVA) is estimated by the National Accounts Unit within the Economic and Environmental Statistics Department2.

  • The industry generating most gross value added (GVA) in the district is centred around electricity production, influenced significantly by Heysham 1 and 2 nuclear power stations run by EDF and generating around four million homes’ worth of electricity each year.

Related to gross value added (GVA)

  • Gross Value means the wholesale price, or, if there be no such price, the estimated value, with, in either case, freight, landing charges, and duty paid beforehand; provided that, in the case of goods or merchandise customarily sold in bond, the bonded price is deemed to be the gross value. “Gross proceeds” means the actual price obtained at a sale where all charges on sale are paid by the sellers.

  • Gross gallons means an amount of motor fuel measured in gallons, exclusive of any temperature,

  • Value Added Services means services that offer or provide unique, special, or enhanced value, benefits, or features to the customer or user including but not limited to services in which information technology is specially designed, modified, or adapted to meet the special or requested needs of the user or customer; services involving the delivery, provision, or transmission of information or data that require or involve additional processing, formatting, enhancement, compilation, or security; services that provide the customer or user with enhanced accessibility, security, or convenience; research and development services; and services that are provided to support technological or statutory requirements imposed on participating agencies and other governmental entities, businesses, and the public.

  • Gross laden weight means the actual weight of a vehicle or combination of

  • Value added means that portion of the bid price not constituting the cost of materials;