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Cambridge’s GVA, which measures the value of goods and services produced, was £9.391billion according to the report.
UK gross value added (GVA), in chained volume measures, was estimated to have increased by 1.6% in 2016. Between 2015 and 2016, Wales increased by 1.9%, the highest increase of the four countries in the UK. Northern Ireland had the lowest growth between 2015 and 2016, at 1.1%, while England and Scotland grew by 1.6% and 1.2% respectively.
GVA can also be used to see how much value is added (or lost) from a particular region, state or province. At the national level, GVA is sometimes favored as a measure of total economic output and growth compared with gross domestic product ( GDP) or gross national product ( GNP ).
With this, the GVA can be calculated as follows: Gross value added = $1.175 trillion + $25 billion - $50 billion = $1.15 trillion
GVA Real Estate Group is an Austin-based vertically integrated real estate company committed to creating value in the multi-family real estate sector. GVA specializes in conventional as well as affordable opportunities, paying particular attention to expanding sub-markets.