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

The value for Machinery and transport equipment (% of value added in manufacturing) in Hungary was 38.12 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 43.69 in 2015 and a minimum value of 11.69 in 1993.

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 20.47
1964 20.11
1965 17.67
1966 17.16
1967 17.69
1968 19.18
1969 17.47
1970 18.15
1971 17.75
1972 16.93
1973 16.41
1974 16.96
1975 17.92
1976 18.36
1977 19.66
1978 19.16
1979 18.52
1980 16.65
1981 17.34
1982 19.20
1983 19.48
1984 19.20
1985 20.10
1986 21.30
1987 19.85
1988 17.44
1989 17.18
1990 16.46
1991 14.93
1992 11.77
1993 11.69
1994 11.85
1995 13.16
1996 15.58
1997 20.17
1998 26.91
1999 27.40
2000 27.03
2001 26.38
2002 24.76
2003 28.89
2004 29.46
2005 30.09
2006 31.24
2007 30.08
2008 31.31
2009 39.73
2010 40.77
2011 42.76
2012 41.17
2013 42.81
2014 43.29
2015 43.69
2016 40.30
2017 39.75
2018 38.12
2019 38.12

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