Private consumption

Label:	Industrial value added (MER) per capita
Description:	Industrial value added (IVA) is the (monetary) value of the industrial products minus the value of the goods and services consumed for the production process. Industrial value added is an indicator for economic activity in the industry sector. The share of industry value added in GDP is related to the GDP development. The historic data for services value-added used in IMAGE have been taken from the World Bank.
Default unit:	US$ (2005) per yr

Variable is input of model component(s):

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