Value added at factor cost

None



Statistics using the definition

Validity of the definition

  • Valid until (31 December 2078)

The value added measures the total value added produced by the various factors of production in an establishment's actual operating activities. The value added is calculated by deducting the costs of operating activities from the income from the activities. Profits include also deliveries from an establishment to the enterprise's other establishments, and costs include also purchases from the enterprise's other establishments. According to the definition, costs exclude the costs related to the establishment's personnel.

The value added in production can be calculated from the gross value of production with the following formula:

= GROSS VALUE
- purchases of materials and supplies
- purchases from the enterprise's other establishments
- change in stock of materials and supplies
- external services
- other fixed and variable costs (excl. personnel costs)
+ sales losses from fixed assets
+ purchases of goods for resale
= VALUE ADDED



Validity of the definition

  • 1 January 1996 - 31 December 2016

Source organisation

  • Tilastokeskus

Related concepts

Source organisation

  • Tilastokeskus

Related concepts


Jaa