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Definitions |
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Gross Value Added (GVA) - |
is the measure of the
contribution to the economy of each individual producer, industry or sector
in Anguilla. |
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Gross Domestic Product (GDP) - |
is the value of all goods and
services produced in a specified period of time in Anguilla. |
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Link between GVA and GDP - |
GVA (at current basic prices,
available by industry)
plus taxes on products
(available at the whole economy level only)
less subsidies
(available at the whole economy level only)
equals GDP (at
current market prices, available at the whole economy level only).
or
GVA + taxes on products - subsidies = GDP |
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GVA and GDP in Current Prices- |
measures output valued at
current dollar value (not adjusted for inflation). |
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GVA and GDP in Constant Prices- |
measures the value of output at
prices for another year (base year 2006) to exclude the impact of changing
prices. |
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Output per capita- |
equals GDP divided by population
in reference year. |
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Growth- |
steady increase in aggregate
output over time. |
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Industries- |
is the structure used for
classification of activities. It includes: |
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Agriculture & Fishing- |
all activities related to
farming of crops, livestock and fishing and incidental services. |
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Mining and Quarrying- |
includes extracting minerals
occurring naturally and activities aimed at preparing the crude materials for
marketing. |
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Electricity and Water- |
covers the activity of providing
electric power and water supply through a permanent infrastructure (network)
of lines, mains and pipes. |
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Construction- |
covers general construction and
special trade construction for buildings and civil engineering, building
installation and building completion. It includes new work, repair, additions
and alterations, the erection of prefabricated buildings or structures on the
site and also construction of a temporary nature. |
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Wholesale and Retail- |
includes wholesale and retail
sale of any type of goods, and rendering services incidental to the sale of
merchandise. |
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Hotels and Restaurants- |
includes both accommodation and
food services; there may be overlap in activities in this component. |
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Transport, Storage & Communication- |
covers activities related to
providing passenger or freight transport, whether scheduled or not, by road,
water or air and services related to this operation like the operation of
roads, terminal facilities, piers, airports. It also includes postal activities
and telecommunication. |
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Financial Intermediation- |
include all units primarily
engaged in financial transactions and those in insurance and pension funding. |
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Real Estate, Renting and Business Activities- |
covers buying, selling, renting
and operating real estate that is, apartment buildings and dwellings,
non-residential buildings and land. |
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Public Administration, Defence;
Compulsory Social Secuirty- |
includes general administration
and supervision in the field of social and economic life, defence, justice,
police, foreign affairs etc. and management of social security scheme. |
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Education- |
includes both public and private
educational activity and includes primary, secondary and tertiary
institutions, driving schools etc |
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Health- |
includes the provision of health
and social work activities. Activities include a wide range of activities,
starting from health care provided by trained medical professionals in
hospitals and other facilities, over residential care activities that still
involve a degree of health care activities to social work activities without
any involvement of health care professionals. |
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Other Community, Social &
Personal Services- |
includes services provided by
businesses to individuals, other businesses or the community as a whole. |
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