Pakistan - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Pakistan was 17.72 as of 2020. Its highest value over the past 60 years was 22.93 in 1991, while its lowest value was 14.57 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 14.57
1961 15.65
1962 16.63
1963 18.11
1964 18.74
1965 18.45
1966 18.88
1967 17.90
1968 18.11
1969 19.94
1970 20.27
1971 21.12
1972 19.91
1973 20.15
1974 20.99
1975 20.64
1976 20.89
1977 20.77
1978 20.64
1979 21.48
1980 22.31
1981 20.13
1982 20.06
1983 19.89
1984 20.24
1985 20.23
1986 21.16
1987 21.63
1988 21.70
1989 21.21
1990 22.34
1991 22.93
1992 22.64
1993 22.59
1994 22.37
1995 21.32
1996 21.99
1997 21.56
1998 22.05
1999 22.10
2000 17.55
2001 17.98
2002 17.67
2003 17.98
2004 19.59
2005 19.92
2006 19.67
2007 19.98
2008 21.74
2009 19.19
2010 19.72
2011 20.50
2012 21.30
2013 20.22
2014 20.03
2015 19.09
2016 18.26
2017 17.80
2018 17.91
2019 18.41
2020 17.72

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