Statistical Terms Glossary

A risk control measure applied to underlying assets used in reverse transactions, in which the central bank calculates the value of underlying assets as their market value reduced by a certain percentage (haircut). The Eurosystem applies valuation haircuts reflecting features of the specific assets, such as their residual maturity.

Valuation of natural assets are methods of applying a monetary value to natural assets in environmental accounting that include:
(a) market valuation,
(b) direct non—market valuation such as the assessment of the willingness to pay for environmental services (contingent valuation), and
(c) indirect non-market valuation, for example, costing of environmental damage or of compliance with environmental standards

Value at the level of a single, homogeneous good or service is equal to the price per unit of quantity multiplied by the number of quantity units of that good or service; in contrast to price, value is independent of the choice of quantity unit.

Value added at basic prices is calculated from the production value plus subsidies on products less the purchases of goods and services (other than those purchased for resale in the same condition) plus or minus the change in stocks of raw materials and consumables less other taxes on products which are linked to turnover but not deductible. It represents the value added by the various factor inputs in the operating activities of the unit concerned.

Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from value added.

Value added at basic prices is calculated "gross" because value adjustments (such as depreciation) are not subtracted.

Value added - basic prices – refers to output valued at basic prices less intermediate consumption valued at purchasers' prices.

Gross output of the railway enterprise less the value of its intermediate consumption. Value added of domestic production of all railway enterprises in a country is equal to their contribution to the GDP of that country.

Gross output of the IWT enterprise less the value of its intermediate consumption. Value added of domestic production of all of a country’s IWT enterprises is equal to their contribution to the GDP of that country.

Gross output of the oil pipeline transport enterprise less the value of its intermediate consumption. Value added of domestic production of all oil pipeline transport enterprises in a country is equal to their contribution to the GDP of that country.

Gross output of the road transport enterprise less the value of its intermediate consumption. Value added of domestic production of all road transport enterprises in a country is equal to their contribution to the GDP of that country.

Value added at factor cost is the gross income from operating activities after adjusting for operating subsidies and indirect taxes. It can be calculated from turnover, plus capitalised production, plus other operating income, plus or minus the changes in stocks, minus the purchases of goods and services, minus other taxes on products which are linked to turnover but not deductible, minus the duties and taxes linked to production.

The value added function indicates the maximum amount of current-price value-added that an establishment or industry can generate, given a set of prices for its output and for its intermediate inputs, and given a certain quantity of primary inputs.

The weighted average of an output producer price index (PPI) and input PPI.

Is popular as a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions but, it can be used in ANY service industry (eg. Web 2.0) for the services providers provide for no cost to promote their main service business. In telecommunication industry on a conceptual level, value-added services add value to the standard service offering, spurring the subscriber to use their phone more and allowing the operator to drive up their ARPU. For mobile phones, while technologies like SMS, MMS and GPRS are usually considered value-added services, a distinction may also be made between standard (peer-to-peer) content and premium-charged content.

A value added type tax (VAT) is a tax on goods and services collected in stages by enterprises and which is ultimately charged in full to the final purchasers. This heading value added type taxes comprises the value added tax which is collected by the General government and which is applied to national and imported products, as well as, where appropriate, other deductible taxes applied under similar rules to those governing VAT, for simplicity henceforth called ‘VAT’. Producers are obliged to pay only the difference between the VAT on their sales and the VAT on their purchases for their own intermediate consumption or gross fixed capital formation.

A value added tax (VAT) is a tax on products collected in stages by enterprises; it is a wide- ranging tax usually designed to cover most or all goods and services but producers are obliged to pay to government only the difference between the VAT on their sales and the VAT on their purchases for intermediate consumption or capital formation, while VAT is not usually charged on sales to non- residents (i.e. exports).

Deductible value added tax (VAT) is the VAT payable on purchases of goods or services intended for intermediate consumption, gross fixed capital formation or for resale which a producer is permitted to deduct from his own VAT liability to the government in respect of VAT invoiced to his customers.

Invoiced value added tax (VAT) is the VAT payable on the sales of a producer; it is shown separately on the invoice which the producer presents to the purchaser

Non-deductible value added tax (VAT) is VAT payable by a purchaser which is not deductible from his own VAT liability, if any

Gross value added is the value of output less the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the SNA are generated and is therefore carried forward into the primary distribution of income account.

Net value added is the value of output less the values of both intermediate consumption and consumption of fixed capital

The enhancement added to a product or service by a company before the product is offered to customers.

The set of actors (private, public, and including service providers) and the sequence of value-adding activities involved in bringing a product from production to the final consumer. In agriculture they can be thought of as a ‘farm to fork’ set of processes and flows.

Performing activities that increase the value of goods or services to consumers.

The calendar date on which a transaction takes place.

Refers to a loan which is doubtful. U.S. banking authorities are obliged by law to declare loans with overdue interest in excess of six months value impaired.