Value Added is the sum of Employee Compensation, Proprietor Income, Other Property Income, and Taxes on Production and Imports less Subsidies (TOPI). Value-Added + Intermediate Expenditures = Output. Value Added is analogous to GDP.
Value Added is the difference between an industry's or an establishment's total output and the cost of its intermediate inputs. It equals gross output (sales or receipts and other operating income, plus inventory change) minus intermediate inputs (consumption of goods and services purchased from other industries or imported). More information can be found in the article Overview of Value Added Data and Estimating and Distributing Value Added.