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.
GVA is often used in calculating the gross domestic product (GDP, a measure of the state of the economy as a whole).
The relationship between GVA and GDP is:
GVA + taxes on products and services - subsidies on products and services = GDP
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
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
- Accounting.
- Base year.
- Best value.
- Capex.
- Commercial management.
- Compound Annual Growth Rate (CAGR).
- Cost-benefit analysis in construction.
- Cost performance index (CPI).
- Cost plans.
- Discounting.
- Internal rate of return for property development.
- Net Present Value.
- Plant acquisition.
- Profitability.
- Value added.
- Value in building design and construction.
- Whole life costs.
- Yield.
Featured articles and news
How can digital twins boost profitability within construction?
A brief description of a smart construction dashboard, collecting as-built data, as a s site changes forming an accurate digital twin.
Unlocking surplus public defence land and more to speed up the delivery of housing.
The Planning and Infrastructure bill oulined
With reactions from IHBC and others on its potential impacts.
Farnborough College Unveils its Half-house for Sustainable Construction Training.
Spring Statement 2025 with reactions from industry
Confirming previously announced funding, and welfare changes amid adjusted growth forecast.
Scottish Government responds to Grenfell report
As fund for unsafe cladding assessments is launched.
CLC and BSR process map for HRB approvals
One of the initial outputs of their weekly BSR meetings.
Architects Academy at an insulation manufacturing facility
Programme of technical engagement for aspiring designers.
Building Safety Levy technical consultation response
Details of the planned levy now due in 2026.
Great British Energy install solar on school and NHS sites
200 schools and 200 NHS sites to get solar systems, as first project of the newly formed government initiative.
600 million for 60,000 more skilled construction workers
Announced by Treasury ahead of the Spring Statement.
The restoration of the novelist’s birthplace in Eastwood.
Life Critical Fire Safety External Wall System LCFS EWS
Breaking down what is meant by this now often used term.
PAC report on the Remediation of Dangerous Cladding
Recommendations on workforce, transparency, support, insurance, funding, fraud and mismanagement.
New towns, expanded settlements and housing delivery
Modular inquiry asks if new towns and expanded settlements are an effective means of delivering housing.
Building Engineering Business Survey Q1 2025
Survey shows growth remains flat as skill shortages and volatile pricing persist.