Oman - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Oman was 47.48 as of 2020. Its highest value over the past 59 years was 82.52 in 1974, while its lowest value was 7.98 in 1961.

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
1961 7.98
1962 23.38
1963 24.30
1964 23.98
1965 23.45
1966 25.62
1967 52.58
1968 73.82
1969 77.20
1970 77.25
1971 75.78
1972 71.02
1973 70.84
1974 82.52
1975 77.53
1976 69.74
1977 66.19
1978 61.79
1979 64.22
1980 69.36
1981 67.13
1982 63.30
1983 60.70
1984 59.09
1985 59.29
1986 51.35
1987 56.77
1988 46.43
1989 49.11
1990 54.10
1991 49.40
1992 48.79
1993 45.71
1994 45.11
1995 46.48
1996 49.37
1997 48.62
1998 44.38
1999 50.19
2000 59.16
2001 56.40
2002 55.47
2003 55.56
2004 56.26
2005 63.54
2006 63.70
2007 61.12
2008 66.94
2009 59.60
2010 63.27
2011 68.19
2012 67.54
2013 64.93
2014 62.06
2015 53.10
2016 47.94
2017 49.59
2018 53.89
2019 51.38
2020 47.48

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