Definition

Gross value added is defined as output minus intermediate consumption. This also equals the sum of employee compensation, gross operating surplus of government and corporations, gross mixed income of unincorporated enterprises and other taxes less other subsidies on production. The shares of each sector are calculated by dividing the value added in each sector by total value added. Total value added is less than GDP because it excludes value-added tax (VAT) and other product taxes.

Agriculture consists of agriculture; hunting and forestry; and fishing. Industry consists of mining and quarrying; manufacturing; production and distribution of electricity, gas and water; and construction. Services consists of retail and wholesale trade; transport and communications; real estate, finance, insurance and business services; education, health and other personal services; public administration; and defence.

For more statistics on economic, environmental and social issues visit online the OECD Factbook 2010.