Definition

Gross value added is defined as output minus intermediate consumption. It also equals the sum of employee compensation, net operating surplus, net mixed income, depreciation of capital assets and other taxes less other subsidies on production. The growth rates shown here refer to volume estimates of gross value added.

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.

The graphs show annual growth rates in years 2006 to 2008 (end of period); and in 1995 to 1997 (beginning of period).

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