heildargildisaukning
Heildargildisaukning is an Icelandic term that translates to "gross value added" in English. It is a key component in the calculation of a country's Gross Domestic Product (GDP). Heildargildisaukning represents the difference between the value of a country's output and the value of intermediate consumption used in its production. In simpler terms, it is the contribution of each producer, industry, or sector to the total economic activity.
The calculation of heildargildisaukning is fundamental to understanding the structure of an economy. It measures the
On a macroeconomic level, the sum of heildargildisaukning for all industries and sectors within a country,