Malaysia - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Malaysia was 35.93 as of 2020. Its highest value over the past 60 years was 48.53 in 2004, while its lowest value was 24.71 in 1960.

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
1960 24.71
1961 27.10
1962 30.78
1963 26.99
1964 29.42
1965 29.63
1966 29.65
1967 29.31
1968 27.91
1969 29.20
1970 30.32
1971 30.46
1972 31.68
1973 31.25
1974 35.86
1975 36.13
1976 37.28
1977 38.39
1978 38.50
1979 39.83
1980 41.79
1981 41.06
1982 38.57
1983 38.95
1984 39.23
1985 39.23
1986 39.23
1987 38.53
1988 38.36
1989 39.80
1990 42.20
1991 42.11
1992 41.15
1993 40.08
1994 40.04
1995 41.40
1996 43.53
1997 44.57
1998 43.88
1999 46.46
2000 48.32
2001 46.20
2002 45.12
2003 46.58
2004 48.53
2005 46.37
2006 46.52
2007 44.60
2008 45.11
2009 40.97
2010 40.50
2011 39.82
2012 40.14
2013 39.89
2014 39.92
2015 38.45
2016 37.68
2017 38.11
2018 38.29
2019 37.47
2020 35.93

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