GVA (gross value added) is an indicator of the economic activity of a country or a region. It reflects the total value of all goods and services produced less the value of goods and services used for intermediate consumption in their production. Several years ago Eurostat has started to collect real growth rates of regional GVA at NUTS level 2 fom those Member States which calculate this already. The indicator is part of the ESA 2010 data transmission programme, but the transmission will be obligatory only as from the end of 2017.
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Eurostat, the statistical office of the European Union
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