Difference between GVA and GDP

What is the difference between GVA and GDP?

  • Gross value added (GVA) is the value addition done to a product resulting in the production of final product whereas Gross Domestic Product (GDP) is the total value of products produced in the country. 
  • While GDP gives a picture of whole economy, GVA gives pictures at enterprises, government and households levels. In other words, GDP is GVA of all enterprises, government and households 
  • GDP can be used in cross country analysis and comparison of economic growth, while GVA has limited utilisation in this regard. 
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