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gross value added


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(GVA)

The additional value at a particular stage of production, or through image and marketing. It shows the contribution of the factors of production, in increasing the value of a product. GVA measures the contribution to the economy of each individual producer, industry, or sector in a nation. Per capita GVA in the UK for 2003 were:

North East

£10 600

North West

£12 477

Yorkshire and Humberside

£12 459

East Midlands

£12 890

West Midlands

£12 642

East

£13 340

London

£21 702

South-East

£15 178

South-West

£12 873

England

£14 620

Wales

£10 987

Scotland

£13 263

Northern Ireland

£10 941

Source: UK Office for National Statistics.

Subjects: Earth Sciences and Geography.


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