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3. Gross value added - NACE Rev. 2: TOTAL - current prices

Gross value added - NACE Rev. 2: TOTAL - current prices

Gross Value Added (GVA) (ESA 2010, 9.31) is defined as output value at basic prices less intermediate consumption valued at purchasers' prices. GVA is calculated before consumption of fixed capital. GVA is conceptually close to GDP (Gross domestic product), but unlike GDP available in a breakdown by branch of economic activity. The ESA 2010 (European System of Accounts) regulation may be referred to for more specific explanations on methodology.