Saudi Arabia - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Saudi Arabia was 41.36 as of 2020. Its highest value over the past 52 years was 83.13 in 1974, while its lowest value was 37.82 in 1986.

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
1968 62.04
1969 61.11
1970 58.35
1971 65.39
1972 67.34
1973 69.74
1974 83.13
1975 71.85
1976 70.55
1977 67.05
1978 60.22
1979 64.88
1980 71.49
1981 70.76
1982 59.80
1983 49.42
1984 46.10
1985 41.44
1986 37.82
1987 40.14
1988 38.55
1989 42.40
1990 49.16
1991 48.84
1992 51.57
1993 47.94
1994 47.81
1995 49.17
1996 52.16
1997 50.82
1998 43.95
1999 47.63
2000 54.17
2001 51.53
2002 51.74
2003 54.62
2004 57.17
2005 62.11
2006 62.88
2007 63.03
2008 66.76
2009 55.02
2010 58.38
2011 63.68
2012 62.69
2013 59.86
2014 57.18
2015 45.27
2016 43.16
2017 45.85
2018 49.54
2019 47.43
2020 41.36

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