Guatemala - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Guatemala was 22.08 as of 2020. Its highest value over the past 55 years was 28.27 in 2006, while its lowest value was 17.05 in 1965.

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 17.05
1966 17.83
1967 18.56
1968 18.66
1969 19.06
1970 18.66
1971 18.81
1972 18.76
1973 19.20
1974 18.72
1975 18.49
1976 20.10
1977 20.88
1978 21.20
1979 21.52
1980 21.99
1981 21.75
1982 21.24
1983 20.50
1984 19.76
1985 19.67
1986 20.09
1987 19.85
1988 20.19
1989 20.11
1990 19.79
1991 19.58
1992 20.01
1993 19.88
1994 19.69
1995 19.66
1996 19.69
1997 19.97
1998 19.99
1999 20.12
2000 19.79
2001 27.34
2002 27.18
2003 27.44
2004 27.88
2005 27.58
2006 28.27
2007 27.88
2008 28.12
2009 27.53
2010 27.49
2011 27.94
2012 28.12
2013 22.95
2014 23.19
2015 22.74
2016 22.61
2017 21.90
2018 21.43
2019 21.82
2020 22.08

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