Morocco - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Morocco was 15.27 as of 2020. Its highest value over the past 55 years was 20.16 in 1984, while its lowest value was 14.90 in 2019.

Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1965 15.70
1966 16.54
1967 16.07
1968 16.11
1969 16.66
1970 16.21
1971 16.29
1972 16.80
1973 17.35
1974 16.01
1975 17.10
1976 16.61
1977 16.56
1978 16.98
1979 16.82
1980 17.96
1981 19.14
1982 18.91
1983 19.97
1984 20.16
1985 20.12
1986 18.95
1987 19.65
1988 19.18
1989 18.77
1990 19.28
1991 18.35
1992 18.87
1993 19.06
1994 18.08
1995 18.88
1996 18.29
1997 19.06
1998 18.01
1999 18.41
2000 18.50
2001 16.84
2002 16.85
2003 17.52
2004 17.78
2005 16.84
2006 16.16
2007 15.12
2008 15.09
2009 15.50
2010 15.59
2011 15.49
2012 15.23
2013 15.51
2014 16.49
2015 16.14
2016 15.68
2017 15.70
2018 15.68
2019 14.90
2020 15.27

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