Concepts




Value added


Value added (gross) refers to the value generated by any unit engaged in a production activity. In market production it is calculated by deducting from the unit's output the intermediates (goods and services) used in the production process and in non-market production by adding up compensation of employees, consumption of fixed capital and possible taxes on production and imports.



Validity of the definition

  • Valid until (31 December 2078)

Source organisation

  • EU

Related concepts


Jaa