Gross Value Added, at Constant 2018 Prices

Gross value added (GVA) is defined as the value of output less the value of intermediate consumption.

Output is defined the goods and services produced by an establishment. It is equal to the value of sales adjust for the changes in inventories of finished goods, that is goods produced and ready  for sale but not yet sold, or goods sold adjusted for sales of goods produced in an earlier period.

Intermediate Consumption consists of the value of the goods and services consumed as inputs by a process of production, excluding fixed assets whose consumption is recorded as consumption of fixed capital.