Gross Value Added or GVA is a measure in economics of the value of goods and services produced in an area or sector of an economy.^[1]

Relationship to Gross Domestic Product

GVA is linked as a measurement to Gross Domestic Product (GDP), as both are measures of output. The relationship is defined as:

GVA + taxes on products - subsidies on products = GDP

As the total aggregates of taxes on products and subsidies on products are only available at whole economy level,^[2] Gross Value Added is used for measuring Gross regional domestic product and other measures of the output of entities smaller than a whole economy.

See also

• Measures of national income and output
• Gross domestic product
• Gross regional domestic product

References