Argentina - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Argentina was 15.37 as of 2020. Its highest value over the past 55 years was 41.18 in 1965, while its lowest value was 12.84 in 2017.

Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1965 41.18
1966 41.01
1967 37.82
1968 36.20
1969 36.65
1970 31.54
1971 35.76
1972 36.36
1973 34.33
1974 34.04
1975 38.22
1976 39.12
1977 36.59
1978 34.13
1979 32.69
1980 29.48
1981 28.77
1982 31.36
1983 30.67
1984 29.71
1985 29.64
1986 27.42
1987 27.50
1988 28.00
1989 30.95
1990 26.79
1991 24.39
1992 21.86
1993 18.24
1994 17.82
1995 17.25
1996 17.54
1997 18.23
1998 17.84
1999 16.96
2000 16.49
2001 16.09
2002 20.35
2003 22.49
2004 18.94
2005 18.34
2006 17.88
2007 17.05
2008 16.54
2009 15.58
2010 15.84
2011 15.85
2012 15.22
2013 15.01
2014 14.77
2015 14.18
2016 13.49
2017 12.84
2018 14.06
2019 14.47
2020 15.37

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