Antigua and Barbuda - Industry, value added (current US$)

The latest value for Industry, value added (current US$) in Antigua and Barbuda was $289,174,100 as of 2020. Over the past 43 years, the value for this indicator has fluctuated between $357,133,300 in 2019 and $8,936,230 in 1977.

Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1977 $8,936,230
1978 $9,119,388
1979 $12,640,260
1980 $17,170,820
1981 $19,683,330
1982 $17,116,360
1983 $18,617,220
1984 $22,746,460
1985 $28,260,010
1986 $37,634,080
1987 $46,541,460
1988 $56,751,370
1989 $66,924,110
1990 $63,911,110
1991 $70,159,260
1992 $67,314,820
1993 $68,007,410
1994 $73,829,630
1995 $73,288,890
1996 $77,614,820
1997 $85,166,660
1998 $92,137,040
1999 $103,525,900
2000 $114,788,900
2001 $103,122,200
2002 $106,244,400
2003 $113,655,600
2004 $120,055,600
2005 $148,518,500
2006 $213,614,800
2007 $232,896,300
2008 $262,011,100
2009 $239,044,400
2010 $186,137,000
2011 $165,307,400
2012 $171,418,500
2013 $185,277,800
2014 $202,314,800
2015 $219,992,600
2016 $257,700,000
2017 $282,155,600
2018 $338,966,700
2019 $357,133,300
2020 $289,174,100

Limitations and Exceptions: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector. Even in large industries, where regular surveys are more likely, evasion of excise and other taxes and nondisclosure of income lower the estimates of value added. Such problems become more acute as countries move from state control of industry to private enterprise, because new firms and growing numbers of established firms fail to report. In accordance with the System of National Accounts, output should include all such unreported activity as well as the value of illegal activities and other unrecorded, informal, or small-scale operations. Data on these activities need to be collected using techniques other than conventional surveys of firms.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.

Aggregation method: Gap-filled total

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts