Output of goods and services, intermediate consumption and gross value added by kind of activity (NACE Rev.2) (thsd euro)
Intermediate consumption covers goods and services consumed ad input during the production process, except for the fixed assets the consumption of which is entered as consumption of fixed capital. In the production process, goods and services can be either transformed or used.
Value added [GDP]
Value added is increase of product’s market value, which arises in the result of any kind of economic activity. It is calculated by deducting intermediate consumption from output (at basic prices). The balancing item of the production account is value added.