Gross Value Added
Gross Value Added
Gross Value Added (GVA) is a measure in economics that refers to the grand total of all revenues compiled from a country’s production of goods and services minus any intermediate consumption. The GVA is calculated by adding the Gross Domestic Product and subsidies received while subtracting the taxes paid. The GVA is used to cover expenses such as wages, salaries and dividends, savings and indirect taxes.
