Jordan - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Jordan was 23.91 as of 2020. Its highest value over the past 55 years was 29.64 in 2008, while its lowest value was 15.25 in 1967.

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 17.69
1966 18.43
1967 15.25
1968 21.56
1969 18.79
1970 17.56
1971 16.35
1972 18.47
1973 22.25
1974 16.26
1975 20.76
1976 19.89
1977 20.24
1978 20.41
1979 22.19
1980 22.87
1981 25.40
1982 26.16
1983 24.75
1984 25.55
1985 22.54
1986 23.44
1987 23.42
1988 21.59
1989 23.57
1990 24.01
1991 22.38
1992 23.80
1993 23.56
1994 24.67
1995 24.66
1996 22.04
1997 22.38
1998 22.25
1999 21.82
2000 21.95
2001 22.14
2002 23.32
2003 23.58
2004 25.43
2005 25.53
2006 25.42
2007 28.16
2008 29.64
2009 27.76
2010 26.27
2011 26.79
2012 25.81
2013 25.64
2014 25.51
2015 25.23
2016 24.67
2017 24.60
2018 24.53
2019 24.45
2020 23.91

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