Thailand - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Thailand was 33.10 as of 2020. Its highest value over the past 60 years was 39.92 in 2010, while its lowest value was 18.52 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 18.52
1961 19.16
1962 20.94
1963 21.03
1964 21.70
1965 22.89
1966 22.51
1967 24.96
1968 24.91
1969 24.94
1970 25.31
1971 27.05
1972 27.28
1973 26.79
1974 26.65
1975 25.78
1976 27.62
1977 29.34
1978 29.56
1979 30.35
1980 28.68
1981 30.10
1982 29.51
1983 30.58
1984 31.98
1985 31.84
1986 33.08
1987 33.34
1988 34.58
1989 36.25
1990 37.22
1991 38.66
1992 38.06
1993 36.85
1994 37.00
1995 37.28
1996 37.08
1997 36.56
1998 36.11
1999 36.38
2000 36.67
2001 36.32
2002 36.89
2003 37.92
2004 37.90
2005 38.51
2006 39.15
2007 39.43
2008 39.48
2009 38.61
2010 39.92
2011 37.98
2012 37.34
2013 36.90
2014 36.76
2015 36.18
2016 35.59
2017 35.02
2018 34.75
2019 33.60
2020 33.10

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