In economics, gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy.
"Gross value added is the value of output minus the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the System of National Accounts (SNA) are generated and is therefore carried forward into the primary distribution of income account.
The measure preferred by the Organisation for Economic Cooperation and Development (OECD) in the Productivity Database is GVA per hour.
"Once the consumption of fixed capital and the effects of depreciation are subtracted, the company knows how much net value a particular operation adds to its bottom line.
"[6] Over-simplistically, GVA is the grand total of all revenues, from final sales and (net) subsidies, which are incomes into businesses.