Glossary

Direct investment position at market value

A measure of the value of direct investors' equity in, and net outstanding loans to, their affiliates, in which the equity portion of the position is valued at current stock market prices. This measure revalues direct investors' equity based on indexes of stock market prices.

Value added

The gross output of an industry or a sector less its intermediate inputs; the contribution of an industry or sector to gross domestic product (GDP). Value added by industry can also be measured as the sum of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.