<P> 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 . </P> <P> GVA is linked as a measurement to gross domestic product (gdp), as both are measures of output . The relationship is defined as: </P> <Dl> <Dd> GVA + taxes on products - subsidies on products = GDP </Dd> </Dl> <Dd> GVA + taxes on products - subsidies on products = GDP </Dd>

What is the difference between gdp and gva