Finland - Machinery and transport equipment (% of value added in manufacturing)

The value for Machinery and transport equipment (% of value added in manufacturing) in Finland was 27.19 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 36.54 in 2007 and a minimum value of 13.57 in 1969.

Definition: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Machinery and transport equipment correspond to ISIC divisions 29, 30, 32, 34, and 35.

Source: United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.

See also:

Year Value
1963 13.94
1964 14.09
1965 13.93
1966 13.70
1967 13.83
1968 14.04
1969 13.57
1970 15.52
1971 15.90
1972 16.10
1973 15.30
1974 15.81
1975 19.26
1976 20.66
1977 18.26
1978 17.50
1979 16.12
1980 15.98
1981 17.11
1982 18.96
1983 17.26
1984 17.23
1985 18.64
1986 16.74
1987 18.16
1988 16.83
1989 15.70
1990 17.64
1991 19.88
1992 20.44
1993 20.92
1994 21.54
1995 23.66
1996 26.23
1997 26.82
1998 29.59
1999 31.16
2000 33.10
2001 35.70
2002 33.56
2003 34.93
2004 31.46
2005 32.65
2006 32.02
2007 36.54
2008 34.62
2009 33.32
2010 31.59
2011 29.61
2012 25.49
2013 27.49
2014 28.39
2015 26.86
2016 28.96
2017 28.89
2018 27.03
2019 27.19

Development Relevance: Firms typically use multiple processes to produce a product. For example, an automobile manufacturer engages in forging, welding, and painting as well as advertising, accounting, and other service activities. Collecting data at such a detailed level is not practical, nor is it useful to record production data at the highest level of a large, multiplant, multiproduct firm. The ISIC has therefore adopted as the definition of an establishment "an enterprise or part of an enterprise which independently engages in one, or predominantly one, kind of economic activity at or from one location . . . for which data are available . . ." (United Nations 1990). By design, this definition matches the reporting unit required for the production accounts of the United Nations System of National Accounts. The ISIC system is described in the United Nations' International Standard Industrial Classification of All Economic Activities, Third Revision (1990). The discussion of the ISIC draws on Ryten (1998).

Limitations and Exceptions: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Statistical Concept and Methodology: The data on the distribution of manufacturing value added by industry are provided by the United Nations Industrial Development Organization (UNIDO). UNIDO obtains the data from a variety of national and international sources, including the United Nations Statistics Division, the World Bank, the Organisation for Economic Co-operation and Development, and the International Monetary Fund. To improve comparability over time and across countries, UNIDO supplements these data with information from industrial censuses, statistics from national and international organizations, unpublished data that it collects in the field, and estimates by the UNIDO Secretariat. Nevertheless, coverage may be incomplete, particularly for the informal sector. When direct information on inputs and outputs is not available, estimates may be used, which may result in errors in industry totals. Moreover, countries use different reference periods (calendar or fiscal year) and valuation methods (basic or producer prices) to estimate value added.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts