Economy > Economic structure > Value added by activity > Value added in industry > Including energy: Countries Compared
DEFINITION:
Gross value added is defined as output minus intermediate consumption and equals the sum of employee compensation, gross operating surplus of government and corporations, gross mixed income of unincorporated enterprises and taxes less subsidies on production and imports, except for net taxes on products. The shares of each sector are calculated by dividing the value added in each sector by total value added. Total value added is less than GDP because it excludes value-added tax (VAT) and other product taxes.In the following analysis, tables and graphs for some industry branches are grouped together as follows: “industry” consists of mining and quarrying, manufacturing, and production and distribution of electricity, gas and water; “trade” consists of retail and wholesale trade and repair services; “real estate” covers rents for dwellings including the imputed rents of owner-occupiers; “government” includes public administration, law and order and defence.
CONTENTS
Citation
Interesting observations about Economy > Economic structure > Value added by activity > Value added in industry > Including energy
- Norway ranked first for economic structure > value added by activity > value added in industry > including energy amongst High income OECD countries in 2009.
- Germany ranked first for economic structure > value added by activity > value added in industry > including energy amongst Group of 7 countries (G7) in 2009.
- Czech Republic ranked first for economic structure > value added by activity > value added in industry > including energy amongst European Union in 2009.
- All of the top 3 countries by economic structure > value added by activity > value added in industry > including energy are Cold countries'.
- All of the top 3 countries by economic structure > value added by activity > value added in industry > including energy are European.
- Slovakia ranked first for economic structure > value added by activity > value added in industry > including energy amongst Eurozone in 2009.
- France ranked last for economic structure > value added by activity > value added in industry > including energy amongst Non-religious countries in 2009.
- 9 of the bottom 10 countries by economic structure > value added by activity > value added in industry > including energy are NATO.
- 11 of the top 13 countries by economic structure > value added by activity > value added in industry > including energy are Christian.
- United States ranked second last for economic structure > value added by activity > value added in industry > including energy amongst English speaking countries in 2009.
