Growth rate of GVA in volume terms

Gross value added (GVA) is the difference between output and intermediate consumption. It covers the entire economy (district, province or region). It is measured at basic prices, i.e. it does not include taxes less subsidies on products (e.g. VAT and excise duties). Its evolution is measured in volume, i.e. the effect of the price change is deducted. The indicator represents the annual change in %, i.e. the difference between the GVA of the year under review (calendar year from 1/1 to 31/12) and that of the previous year, compared to that of the previous year, then multiplied by 100.