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Definition: Gross value added at factor cost
Category: SNA
Gross value added at factor cost can be derived from either of the measures of gross value added (gross value added at basic prices and gross value added at producers' prices) by subtracting the value of any taxes on production, less subsidies on production, payable out of gross value added. This definition is used both in SNA 1993 (§ 6.229) and in SNA 2008 (§ 6.80). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA2008.pdf United Nations, System of National Accounts (SNA) 1993, United Nations, New York, 1993
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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