Gross value added - Wikipedia Gross value added Gross value added ( GVA ) is the measure of the value of goods and services produced in an area, industry or sector of an economy, in economics. In national accounts GVA is output minus intermediate consumption ; it is a balancing item of the national accounts ' production account. 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, Gross value added is used for measuring gross regional domestic product and other measures of the output of entities smaller than a whole economy. Restated, GVA = GDP + subsidies - ( direct, sales ) taxes 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. See also Gross profit Measures of national income and output References Jump up ^ `` Statistics Explained ''. Jump up ^ `` Statistics Explained ''. Jump up ^ `` Guide to Gross Value Added ( GVA ) ''. Office for National Statistics. 2002 - 11 - 15. Retrieved 2012 - 07 - 08. This economics - related article is a stub. You can help Wikipedia by expanding it. Retrieved from `` https://en.wikipedia.org/w/index.php?title=Gross_value_added&oldid=803907820 '' Categories : Economics and finance stubs Gross domestic product National accounts Talk About Wikipedia Català Cymraeg Deutsch Español Euskara हिन्दी Bahasa Indonesia Português Edit links This page was last edited on 5 October 2017, at 12 : 51. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia ® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization. About Wikipedia

Question: what is the difference between gdp and gva
Answer: GVA + taxes on products - subsidies on products = GDP