- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 27 Mar 2018
Gross value added (GVA)
Gross value added (GVA) is an economic metric that quantifies the value added to goods and services produced. This is representative of the contribution to the economy of producers, or the wider industry or sector.
It can be determined by the production approach, the income approach or the expenditure approach:
- The production approach estimates the value of output goods or services minus the value of inputs to the production process.
- The income approach determines the incomes earned by individuals and corporations producing the goods or services.
- The expenditure approach determines total expenditure on goods and services produced in the domestic economy.
The relationship between GVA and GDP is:
This can be restated in order to measure the gross regional domestic product and other measures of the output of entities smaller than the economy as a whole. This can be necessary since the total aggregates of taxes and subsidies on products are only available at the whole economy level:
GDP + subsidies - taxes = GVA
 Find out more
 Related articles on Designing Buildings Wiki
- Base year.
- Best value.
- Commercial management.
- Compound Annual Growth Rate (CAGR).
- Cost-benefit analysis in construction.
- Cost performance index (CPI).
- Cost plans.
- Internal rate of return for property development.
- Net Present Value.
- Plant acquisition.
- Value added.
- Value in building design and construction.
- Whole life costs.
Featured articles and news
Five signs you are at risk.
Biotechnology as it applies to the built environment.
Stopping sound coming through windows.
Government response to the Building a Safer Future consultation.
Energy savings quickly payback any small additional capital investment.
Overbuild and air-space developments.
Airports National Policy Statement and its impact on infrastructure.
Organisations will collaborate on infrastructure initiatives.
Technology informs procurement and planning practices.
BSRIA releases market sector growth projections.
Designing for durability and resilience.