| Establishment | An establishment is an enterprise, or part of an enterprise, that is situated in a single location and in which only a single productive activity is carried out or in which the principal productive activity accounts for most of the value added. |
| Final demand | Final demand, in the context of inter-country input-output (ICIO) tables, refers to the final consumption of households, government, non-profit institutions serving households (NPISHs) and direct purchases abroad by residents, as well as gross fixed capital formation. Trade in value added (TiVA) indicators often also include changes in inventory in final demand. |
| Gross output | Output consists of goods or services that are produced within an establishment that become available for use outside that establishment, plus any goods and services produced for own final use. |
| Intermediate inputs | Intermediate inputs or intermediate consumption consists of the goods and services that are used up, transformed, or fully consumed in the production process of other goods or services within a given accounting period. They exclude fixed assets (i.e. investment goods and services) whose consumption is recorded as consumption of fixed capital. Intermediate inputs include, for example, raw materials, components, energy and purchased services. |
| Value added | Value added (at basic prices) reflects the value added by an industry in producing goods and services. Consistent with the definitions of the 2008 System of National Accounts (2008 SNA), it is equal to gross output (at basic prices) minus intermediate consumption of goods and services (at purchasers’ prices). Value added comprises compensation of employees, gross operating surplus, as well as a component for ‘other taxes, less subsidies, on production’. |
Trends in Global Value Chains
