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Definition: Factor cost
Category: SNA 1993
Gross value added at factor cost is not a concept used explicitly in the SNA but it can easily be derived by subtracting the value of any taxes, less subsidies, on production payable out of gross value added. http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA_1993_EN.pdf
Source:
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993, § 6.229
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993, § 6.229
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