Bhutan - Industry, value added (current US$)

The latest value for Industry, value added (current US$) in Bhutan was $796,803,500 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between $1,025,305,000 in 2017 and $15,666,990 in 1980.

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
1980 $15,666,990
1981 $25,090,440
1982 $28,342,800
1983 $34,704,370
1984 $35,991,000
1985 $33,367,320
1986 $39,818,410
1987 $64,724,800
1988 $64,115,150
1989 $64,619,600
1990 $72,603,630
1991 $62,647,140
1992 $67,527,980
1993 $67,669,980
1994 $77,771,700
1995 $98,867,270
1996 $103,411,900
1997 $118,946,500
1998 $119,672,100
1999 $144,225,100
2000 $154,661,100
2001 $176,722,500
2002 $200,832,400
2003 $237,083,300
2004 $255,124,100
2005 $294,206,300
2006 $338,476,900
2007 $526,904,700
2008 $543,581,600
2009 $530,776,200
2010 $678,249,500
2011 $745,968,600
2012 $758,982,600
2013 $761,616,500
2014 $794,352,800
2015 $851,270,500
2016 $918,666,600
2017 $1,025,305,000
2018 $934,787,600
2019 $914,330,800
2020 $796,803,500

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