Gross value added (GVA) in the gross domestic product account, is the difference between gross output and intermediate consumption. GVA indicates the input of individual producers, industries and sectors to the GDP creation. Gross domestic product (GDP) presents the final result of the activity of all entities of the national economy in a given year. GDP value can be calculated in three ways: Gross domestic product is calculated according to obligatory in the European Union countries principles of the European System of National and Regional Accounts (ESA 2010) and recommendations of the Eurostat. |