Greece - Food, beverages and tobacco (% of value added in manufacturing)

The value for Food, beverages and tobacco (% of value added in manufacturing) in Greece was 30.80 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 34.09 in 2014 and a minimum value of 16.93 in 1976.

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. Food, beverages, and tobacco correspond to ISIC divisions 15 and 16.

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

See also:

Year Value
1963 24.23
1964 23.99
1965 23.31
1966 23.87
1967 19.69
1968 21.33
1969 19.67
1970 19.17
1971 19.07
1972 18.97
1973 16.98
1974 17.90
1975 18.33
1976 16.93
1977 17.64
1978 18.23
1979 18.21
1980 17.98
1981 19.18
1982 19.09
1983 19.68
1984 20.25
1985 20.72
1986 19.84
1987 20.71
1988 21.11
1989 21.06
1990 22.45
1991 23.83
1992 26.47
1993 26.00
1994 26.98
1995 24.68
1996 25.13
1997 23.59
1998 24.33
1999 24.81
2000 24.81
2001 23.14
2002 23.14
2003 22.19
2004 22.53
2005 22.15
2006 22.12
2007 21.73
2008 24.43
2009 27.92
2010 26.70
2011 28.15
2012 30.92
2013 31.25
2014 34.09
2015 31.00
2016 31.37
2017 32.13
2018 30.80
2019 30.80

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