Definition: Gross value added at producers' prices

SNA

Gross value added at producers' prices is output valued at producers' prices less intermediate consumption valued at purchasers' prices.

This definition is used both in SNA 1993 (§ 6.227, 15.37) and in SNA 2008 (§ 6.78).
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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