{"id":2781,"date":"2026-07-06T18:00:01","date_gmt":"2026-07-06T16:00:01","guid":{"rendered":"https:\/\/www.auditia.ma\/?p=2781"},"modified":"2026-07-06T14:57:30","modified_gmt":"2026-07-06T12:57:30","slug":"value-added-definition-calculation-and-role-in-financial-analysis","status":"publish","type":"post","link":"https:\/\/www.auditia.ma\/en\/value-added-definition-calculation-and-role-in-financial-analysis\/","title":{"rendered":"Added value: definition, calculation and role in financial analysis"},"content":{"rendered":"<p>Visit <strong>value added<\/strong> is a fundamental economic concept that measures the new wealth created by the company over a financial year. Beyond its accounting dimension, it reveals the company's real capacity to transform external inputs into economic value, through the labor and capital deployed. It is one of the most telling indicators for analyzing a company's performance and comparing it with its competitors.<\/p>\n<h2>Definition of value added<\/h2>\n<p>Visit <strong>value added<\/strong> corresponds to the difference between the company's output and what it consumed from external third parties to achieve that output. Mathematically, it is calculated by subtracting external consumption (purchases of materials, goods, external services) from revenue or the output for the year. The result represents the wealth the company has genuinely created through its own activity.<\/p>\n<h2>The accounting calculation<\/h2>\n<p>The calculation is based on the income and expense statement. Output for the year comprises revenue excluding taxes, plus or minus the change in finished goods inventory, plus capitalized production. External consumption comprises consumed purchases of materials and goods and other external charges (services invoiced by third parties). The difference between these two aggregates constitutes the <strong>gross value added<\/strong>.<\/p>\n<h2>The distribution of value added<\/h2>\n<p>It represents the wealth that will be distributed among the various contributors to the business: employees through wages and social security contributions, the State through taxes and duties, capital providers through interest and dividends, and the company itself through self-financing (depreciation and retained earnings). This distribution is revealing of the company's economic and social model.<\/p>\n<h2>The value added ratio: a sector indicator<\/h2>\n<p>Visit <strong>value added ratio<\/strong> (value added \/ revenue) is a particularly telling sector indicator. A high ratio indicates a high-value activity, often associated with proprietary know-how, innovation and substantial margins. A low ratio reveals a light processing or trading activity. Consulting, software publishing and the pharmaceutical industry have high ratios; trading, certain construction sectors and food processing have more modest ratios.<\/p>\n<h2>The evolution of value added over time<\/h2>\n<p>It is a major strategic indicator. Growth in <strong>value added<\/strong> faster than that of revenue reveals an improvement in the substance of the business, a move upmarket, and a reduced dependence on suppliers. Slower growth, by contrast, signals a dilution of value creation, often associated with volume-driven strategies with no qualitative gain. Tracking this trend over several years is a valuable test of strategic consistency.<\/p>\n<h2>The split between labor and capital<\/h2>\n<p>The share of <strong>value added<\/strong> devoted to personnel costs (salaries plus social security contributions) varies significantly across sectors. Its evolution over time must be monitored. A gradual increase without productivity gains weakens profitability. An excessive reduction may signal latent social tensions or under-investment in human capital. The balance between remuneration of labor and return on capital is a central strategic issue.<\/p>\n<h2>Value added per employee<\/h2>\n<p>It is an essential productivity indicator. Calculated by dividing the <strong>value added<\/strong> by the average headcount, it measures the wealth created by each employee. It allows for sector comparisons, competitive benchmarking, and historical tracking of overall productivity. Sustained growth in value added per employee, combined with a dynamic social policy, is the sign of a high-performing, well-balanced company.<\/p>\n<h2>Value added in Moroccan obligations<\/h2>\n<p>In Morocco, the <strong>value added<\/strong> plays a particular role in the calculation of certain taxes and obligations. It appears in the statement of intermediate management balances (ESIG), which supplements the income statement, in accordance with the CGNC. Its declaration is mandatory as part of the annual tax returns. A detailed understanding of how it is formed is therefore both an internal management issue and an external compliance requirement.<\/p>\n<h2>Beyond the company: the macroeconomic dimension<\/h2>\n<p>At the macroeconomic level, the <strong>value added<\/strong> is the elementary building block of national wealth. The sum of the value added by all of a country's businesses approximates its Gross Domestic Product (GDP). This macroeconomic perspective sheds light on the structuring role businesses play in creating national wealth and transforming the Moroccan economy.<\/p>\n<p>The AUDITIA firm supports businesses in Casablanca with the analysis of their <strong>value added<\/strong> and its distribution: <a href=\"https:\/\/www.auditia.ma\/en\/audit\/\">audit<\/a>, sector benchmarking, <a href=\"https:\/\/www.auditia.ma\/en\/board\/\">board<\/a> in optimization, support for the transformation of business models.<\/p>\n<p><a href=\"https:\/\/www.auditia.ma\/en\/contact\/\">Contact us<\/a> to steer your economic performance with precision.<\/p>","protected":false},"excerpt":{"rendered":"<p>Value added is a fundamental economic concept that measures the new wealth created by a company over a financial year. Beyond its accounting dimension, it reveals the company's real capacity to transform external inputs into economic value, through the labour and capital deployed. It is one of the most telling indicators [&hellip;]<\/p>","protected":false},"author":1,"featured_media":2807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-2781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gestion"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Valeur ajout\u00e9e : d\u00e9finition, calcul et r\u00f4le dans l&#039;analyse financi\u00e8re - Auditia<\/title>\n<meta name=\"description\" content=\"Comprendre la valeur ajout\u00e9e : d\u00e9finition, calcul, r\u00e9partition, taux de valeur ajout\u00e9e, productivit\u00e9 et r\u00f4le dans l\u2019analyse financi\u00e8re.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.auditia.ma\/en\/value-added-definition-calculation-and-role-in-financial-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Valeur ajout\u00e9e : d\u00e9finition, calcul et r\u00f4le dans l&#039;analyse financi\u00e8re - Auditia\" \/>\n<meta property=\"og:description\" content=\"Comprendre la valeur ajout\u00e9e : d\u00e9finition, calcul, r\u00e9partition, taux de valeur ajout\u00e9e, productivit\u00e9 et r\u00f4le dans l\u2019analyse financi\u00e8re.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.auditia.ma\/en\/value-added-definition-calculation-and-role-in-financial-analysis\/\" \/>\n<meta property=\"og:site_name\" content=\"Auditia\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-06T16:00:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/VAT-scaled-e1783336535686.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"790\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin-auditia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin-auditia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/\"},\"author\":{\"name\":\"admin-auditia\",\"@id\":\"https:\/\/www.auditia.ma\/#\/schema\/person\/8e18b40d1af296ecdd8705841950f70a\"},\"headline\":\"Valeur ajout\u00e9e : d\u00e9finition, calcul et r\u00f4le dans l&#8217;analyse financi\u00e8re\",\"datePublished\":\"2026-07-06T16:00:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/\"},\"wordCount\":887,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.auditia.ma\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/VAT-scaled-e1783336535686.jpg\",\"articleSection\":[\"Gestion\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/\",\"url\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/\",\"name\":\"Valeur ajout\u00e9e : d\u00e9finition, calcul et r\u00f4le dans l'analyse financi\u00e8re - Auditia\",\"isPartOf\":{\"@id\":\"https:\/\/www.auditia.ma\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/VAT-scaled-e1783336535686.jpg\",\"datePublished\":\"2026-07-06T16:00:01+00:00\",\"description\":\"Comprendre la valeur ajout\u00e9e : d\u00e9finition, calcul, r\u00e9partition, taux de valeur ajout\u00e9e, productivit\u00e9 et r\u00f4le dans l\u2019analyse financi\u00e8re.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#primaryimage\",\"url\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/VAT-scaled-e1783336535686.jpg\",\"contentUrl\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/VAT-scaled-e1783336535686.jpg\",\"width\":2560,\"height\":790},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.auditia.ma\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Valeur ajout\u00e9e : d\u00e9finition, calcul et r\u00f4le dans l&#8217;analyse financi\u00e8re\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.auditia.ma\/#website\",\"url\":\"https:\/\/www.auditia.ma\/\",\"name\":\"Auditia\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.auditia.ma\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.auditia.ma\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.auditia.ma\/#organization\",\"name\":\"Auditia\",\"url\":\"https:\/\/www.auditia.ma\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.auditia.ma\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2025\/10\/Vector.png\",\"contentUrl\":\"https:\/\/www.auditia.ma\/wp-content\/uploads\/2025\/10\/Vector.png\",\"width\":316,\"height\":96,\"caption\":\"Auditia\"},\"image\":{\"@id\":\"https:\/\/www.auditia.ma\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.auditia.ma\/#\/schema\/person\/8e18b40d1af296ecdd8705841950f70a\",\"name\":\"admin-auditia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.auditia.ma\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8fa89a8282643617e2a3ad4fe28dd1e574de5116ad4b99dff69da59713e2575a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8fa89a8282643617e2a3ad4fe28dd1e574de5116ad4b99dff69da59713e2575a?s=96&d=mm&r=g\",\"caption\":\"admin-auditia\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Added value: definition, calculation and role in financial analysis - Auditia","description":"Understanding value added: definition, calculation, distribution, value-added rate, productivity and role in financial analysis.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.auditia.ma\/en\/value-added-definition-calculation-and-role-in-financial-analysis\/","og_locale":"en_US","og_type":"article","og_title":"Valeur ajout\u00e9e : d\u00e9finition, calcul et r\u00f4le dans l'analyse financi\u00e8re - Auditia","og_description":"Comprendre la valeur ajout\u00e9e : d\u00e9finition, calcul, r\u00e9partition, taux de valeur ajout\u00e9e, productivit\u00e9 et r\u00f4le dans l\u2019analyse financi\u00e8re.","og_url":"https:\/\/www.auditia.ma\/en\/value-added-definition-calculation-and-role-in-financial-analysis\/","og_site_name":"Auditia","article_published_time":"2026-07-06T16:00:01+00:00","og_image":[{"width":2560,"height":790,"url":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/VAT-scaled-e1783336535686.jpg","type":"image\/jpeg"}],"author":"admin-auditia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin-auditia","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#article","isPartOf":{"@id":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/"},"author":{"name":"admin-auditia","@id":"https:\/\/www.auditia.ma\/#\/schema\/person\/8e18b40d1af296ecdd8705841950f70a"},"headline":"Valeur ajout\u00e9e : d\u00e9finition, calcul et r\u00f4le dans l&#8217;analyse financi\u00e8re","datePublished":"2026-07-06T16:00:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/"},"wordCount":887,"commentCount":0,"publisher":{"@id":"https:\/\/www.auditia.ma\/#organization"},"image":{"@id":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#primaryimage"},"thumbnailUrl":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/VAT-scaled-e1783336535686.jpg","articleSection":["Gestion"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/","url":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/","name":"Added value: definition, calculation and role in financial analysis - Auditia","isPartOf":{"@id":"https:\/\/www.auditia.ma\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#primaryimage"},"image":{"@id":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#primaryimage"},"thumbnailUrl":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/VAT-scaled-e1783336535686.jpg","datePublished":"2026-07-06T16:00:01+00:00","description":"Understanding value added: definition, calculation, distribution, value-added rate, productivity and role in financial analysis.","breadcrumb":{"@id":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#primaryimage","url":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/VAT-scaled-e1783336535686.jpg","contentUrl":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2026\/07\/VAT-scaled-e1783336535686.jpg","width":2560,"height":790},{"@type":"BreadcrumbList","@id":"https:\/\/www.auditia.ma\/valeur-ajoutee-definition-calcul-et-role-dans-lanalyse-financiere\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.auditia.ma\/"},{"@type":"ListItem","position":2,"name":"Valeur ajout\u00e9e : d\u00e9finition, calcul et r\u00f4le dans l&#8217;analyse financi\u00e8re"}]},{"@type":"WebSite","@id":"https:\/\/www.auditia.ma\/#website","url":"https:\/\/www.auditia.ma\/","name":"Auditia","description":"","publisher":{"@id":"https:\/\/www.auditia.ma\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.auditia.ma\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.auditia.ma\/#organization","name":"Auditia","url":"https:\/\/www.auditia.ma\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.auditia.ma\/#\/schema\/logo\/image\/","url":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2025\/10\/Vector.png","contentUrl":"https:\/\/www.auditia.ma\/wp-content\/uploads\/2025\/10\/Vector.png","width":316,"height":96,"caption":"Auditia"},"image":{"@id":"https:\/\/www.auditia.ma\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.auditia.ma\/#\/schema\/person\/8e18b40d1af296ecdd8705841950f70a","name":"admin-auditia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.auditia.ma\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8fa89a8282643617e2a3ad4fe28dd1e574de5116ad4b99dff69da59713e2575a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8fa89a8282643617e2a3ad4fe28dd1e574de5116ad4b99dff69da59713e2575a?s=96&d=mm&r=g","caption":"admin-auditia"}}]}},"_links":{"self":[{"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/posts\/2781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/comments?post=2781"}],"version-history":[{"count":1,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/posts\/2781\/revisions"}],"predecessor-version":[{"id":2786,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/posts\/2781\/revisions\/2786"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/media\/2807"}],"wp:attachment":[{"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/media?parent=2781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/categories?post=2781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.auditia.ma\/en\/wp-json\/wp\/v2\/tags?post=2781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}