 RIWIS Online - About the Data - Definitions and Additional Information | |||
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Gross Value Added | |
| Definition: Gross Value Added is an unduplicated measure of output in which the values of the goods and services used as intermediate inputs are eliminated from the value of output. It is an indicator of wealth creation, measuring the contribution to the economy of each producer, industry or sector and is generally regarded as the best measure of the sum of economic activity within an area. It is an important measure in the estimation of Gross Domestic Product (GDP) when using the “production” or “income” approaches. In essence, the link between GVA and GDP can be defined as GVA plus taxes on products, less subsidies on products equals GDP. Viewed over time, GVA can be used as a conventional measure of economic growth. Revision 2014The main purpose of the 2014 major revision of national accounts is to implement the new “European System of National and Regional Accounts” (ESA 2010), which replaces the ESA 1995 version currently applied in the EU countries. The ESA 2010 itself is based on the worldwide “System of National Accounts” (SNA 2008). The implementation of ESA 2010 into the German national accounting system means a lof of conceptual changes. A list of 44 conceptual changes and 29 clarifications provided the basis for the update of the SNA; for the update of the ESA, some additional issues specific for Europe were also included in the list of changes. Most important in quantitative terms is that expenditure on research and development and on military weapons is now treated as capital formation. Most of the conceptual changes are described in the Eurostat-document “Manual on the Changes between ESA 95 and ESA 2010”. In Germany, the 2014 major revision involves a thorough revision of the entire national accounting system, as is always the case in major revisions. The Federal Statistical Office has therefore recalculated all national accounts aggregates in full detail back to 1991. Thus, methodologically consistent long time series are available to data users also after the changeover. The 2014 major revision is also used again to integrate new data sources. Data to be mentioned here are in particular the results of the 2011 Census, which are used in national accounts especially for employment accounts and for the calculation of the occupation of dwellings (production, value added and household final consumption expenditure).For further details in German please go to: http://www.vgrdl.de or https://www.destatis.de/EN/Service/FAQ/NationalAccounts/Revision2014/Changes.html
Revision 2011for further details in German please go to: http://www.vgrdl.de/arbeitskreis_VGr/infoRevision2011.asp The biggest change in the data of Revision 2011 ist that of the classification of economic activity (=Wirtschaftszweig =WZ). With each review of the classification former groups can't be compared to current groupings, therefore older data is not comparable to the new data. Revision 2005Major revisions of national accounting results are performed at intervals of about five to ten years. Such comprehensive revisions are required to
For further Details please go to: http://www.destatis.de/themen/e/thm_volksw.htm Data: Source: Statistische Landesämter, Arbeitskreis Volkswirtschaftliche Gesamtrechnungen National Accounts |