Gross (economic) output is the value of the Product outputs of an Activity or group of activities, related to a specified time period or product, including subsidies. This metric provides a comprehensive measure of the total economic value generated by production activities before accounting for the costs of intermediate inputs. Gross output can be considered equivalent to revenue.
In economic accounting and Life Cycle Assessment contexts, gross output represents the full value of all products produced by an activity, regardless of whether those products are final goods or intermediate products that will be used as inputs by other activities. The inclusion of subsidies in this measure is particularly important, as subsidies represent government support that adds to the market value of products and affects the economic viability of production activities.
Understanding gross output is essential for economic input-output analysis and for linking economic and environmental data in LCA studies, as it provides the monetary basis for calculating production ratios and economic allocation factors.
As Chief Operating Officer, Iris leads our organisational development and oversees day-to-day operations. Before joining 2-0, she worked in the biotechnology sector. As an LCA consultant, Iris has devoted her expertise primarily to the domains of sustainable agriculture and food production. She is dedicated to teaching LCA and is responsible for our educational efforts. Iris holds an M.Sc. in Biology – Biotechnology from the University of Copenhagen.
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