Bolivia - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Bolivia was 23.40 as of 2020. Its highest value over the past 50 years was 36.38 in 1974, while its lowest value was 23.40 in 2020.

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 or 4.

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

See also:

Year Value
1970 31.00
1971 29.69
1972 33.32
1973 35.11
1974 36.38
1975 31.31
1976 31.91
1977 32.86
1978 33.09
1979 32.58
1980 28.83
1981 29.17
1982 31.56
1983 33.60
1984 31.55
1985 32.22
1986 32.46
1987 30.52
1988 31.15
1989 31.46
1990 31.88
1991 30.61
1992 30.16
1993 28.63
1994 28.13
1995 29.14
1996 27.95
1997 26.44
1998 26.13
1999 25.14
2000 25.74
2001 25.42
2002 25.47
2003 25.60
2004 26.84
2005 26.27
2006 27.65
2007 28.29
2008 29.74
2009 29.23
2010 30.14
2011 30.37
2012 29.33
2013 28.52
2014 27.63
2015 25.20
2016 25.33
2017 26.37
2018 26.25
2019 25.21
2020 23.40

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: Weighted average

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