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In 2017, total value added for Singapore was 418,991 million LCU. Total value added of Singapore increased from 136,154 million LCU in 1998 to 418,991 million LCU in 2017 growing at an average annual rate of 6.21 %.The description is composed by our digital data assistant.
Gross value added is the value of output less the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the SNA are generated and is therefore carried forward into the primary distribution of income account.