Eswatini - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Eswatini was 31.42 as of 2020. Its highest value over the past 55 years was 40.42 in 2007, while its lowest value was 21.35 in 1985.

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
1965 31.47
1966 30.05
1967 33.90
1968 32.63
1969 27.49
1970 25.97
1971 22.34
1972 24.20
1973 28.96
1974 28.51
1975 24.86
1976 27.00
1977 28.74
1978 32.07
1979 31.13
1980 25.94
1981 25.63
1982 23.93
1983 22.63
1984 22.51
1985 21.35
1986 25.21
1987 31.93
1988 35.27
1989 37.38
1990 36.83
1991 36.22
1992 36.13
1993 36.83
1994 36.01
1995 37.74
1996 36.35
1997 37.65
1998 37.67
1999 36.74
2000 39.39
2001 39.47
2002 39.28
2003 38.33
2004 39.82
2005 39.78
2006 39.82
2007 40.42
2008 39.59
2009 39.91
2010 37.71
2011 36.78
2012 36.80
2013 35.64
2014 35.61
2015 35.73
2016 35.34
2017 33.88
2018 33.24
2019 34.61
2020 31.42

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