Singapore - Machinery and transport equipment (% of value added in manufacturing)

The value for Machinery and transport equipment (% of value added in manufacturing) in Singapore was 59.26 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 59.26 in 2019 and a minimum value of 7.80 in 1965.

Definition: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Machinery and transport equipment correspond to ISIC divisions 29, 30, 32, 34, and 35.

Source: United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.

See also:

Year Value
1963 9.44
1964 8.38
1965 7.80
1966 8.93
1967 9.56
1968 11.80
1969 17.20
1970 16.57
1971 17.10
1972 17.84
1973 17.10
1974 18.94
1975 24.17
1976 21.23
1977 21.09
1978 20.21
1979 20.45
1980 20.46
1981 23.80
1982 21.51
1983 18.26
1984 17.07
1985 17.28
1986 14.80
1987 12.73
1988 12.75
1989 28.94
1990 30.43
1991 48.69
1992 50.92
1993 53.15
1994 54.38
1995 56.69
1996 57.40
1997 56.48
1998 52.12
1999 54.57
2000 56.86
2001 53.10
2002 49.62
2003 47.32
2004 46.24
2005 49.69
2006 47.74
2007 45.40
2008 53.84
2009 50.74
2010 57.63
2011 53.06
2012 51.03
2013 55.47
2014 55.48
2015 50.27
2016 43.47
2017 51.97
2018 59.26
2019 59.26

Development Relevance: Firms typically use multiple processes to produce a product. For example, an automobile manufacturer engages in forging, welding, and painting as well as advertising, accounting, and other service activities. Collecting data at such a detailed level is not practical, nor is it useful to record production data at the highest level of a large, multiplant, multiproduct firm. The ISIC has therefore adopted as the definition of an establishment "an enterprise or part of an enterprise which independently engages in one, or predominantly one, kind of economic activity at or from one location . . . for which data are available . . ." (United Nations 1990). By design, this definition matches the reporting unit required for the production accounts of the United Nations System of National Accounts. The ISIC system is described in the United Nations' International Standard Industrial Classification of All Economic Activities, Third Revision (1990). The discussion of the ISIC draws on Ryten (1998).

Limitations and Exceptions: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Statistical Concept and Methodology: The data on the distribution of manufacturing value added by industry are provided by the United Nations Industrial Development Organization (UNIDO). UNIDO obtains the data from a variety of national and international sources, including the United Nations Statistics Division, the World Bank, the Organisation for Economic Co-operation and Development, and the International Monetary Fund. To improve comparability over time and across countries, UNIDO supplements these data with information from industrial censuses, statistics from national and international organizations, unpublished data that it collects in the field, and estimates by the UNIDO Secretariat. Nevertheless, coverage may be incomplete, particularly for the informal sector. When direct information on inputs and outputs is not available, estimates may be used, which may result in errors in industry totals. Moreover, countries use different reference periods (calendar or fiscal year) and valuation methods (basic or producer prices) to estimate value added.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts