100 relevant indicators

for Romania's development
Value added at factor cost

Field: Economic development and infrastructure

Subfield: Industry and entrepreneurship

Details:

This indicator refers to value added by economy in its entirety (not just industry). Compared to Industry, value added (% of GDP), this indicator shows value added at factor cost. Practically, it compares the effort to produce goods or services (the cost of factors of production) to value added as a consequence of these activities. This indicator reflects overall economic efficiency. In Romania value added at factor cost has not increased significantly in the last years, showing that the efficiency of economy (especially industry) is disputable.

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Value added at factor cost

Units: million euro

Source:
 Eurostat, variable sbs_na_sca_r2

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