Economy > Economic structure > Value added by activity > Value added in construction: 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 construction
- Spain ranked first for economic structure > value added by activity > value added in construction amongst High income OECD countries in 2009.
- United States ranked second last for economic structure > value added by activity > value added in construction amongst Group of 7 countries (G7) in 2009.
- All of the top 3 countries by economic structure > value added by activity > value added in construction are Christian.
- All of the top 2 countries by economic structure > value added by activity > value added in construction are Catholic.
- Australia ranked first for economic structure > value added by activity > value added in construction amongst Non-religious countries in 2009.
- All of the top 3 countries by economic structure > value added by activity > value added in construction are Tourist destination.
- Ireland ranked second for economic structure > value added by activity > value added in construction amongst European Union in 2009.
- All of the top 3 countries by economic structure > value added by activity > value added in construction are European.
- Germany ranked last for economic structure > value added by activity > value added in construction amongst Eurozone in 2009.
- All of the top 2 countries by economic structure > value added by activity > value added in construction are Heavily indebted.
