The concepts described on these pages are words and expressions used in statistics with a specific, limited meaning. In everyday speech the word may have a different meaning. In connection with each definition you can find information about which sets of statistics use the concept.
If you are looking for statistical figures, go from the definition to the statistics page.
Value added at factor cost
None
Statistics using the definition
Validity of the definition
- Valid
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
Statistics using the definition
- Regional statistics on entrepreneurial activity
- Financial statement statistics on information services
- Financial statement statistics on trade
- Financial statement statistics on transport
- Financial statement statistics on hotel and restaurant activities
- Financial statement statistics on business services
- Financial statement statistics on construction
- Financial statement statistics on manufacturing
Validity of the definition
- 1 January 1996 - 31 December 2016
Source organisation
- Tilastokeskus
Related concepts
Jaa