Benin - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Benin was 16.29 as of 2020. Its highest value over the past 60 years was 21.77 in 2003, while its lowest value was 7.98 in 1965.

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 10.23
1961 9.81
1962 9.79
1963 11.47
1964 10.79
1965 7.98
1966 11.31
1967 11.41
1968 10.87
1969 11.06
1970 11.70
1971 13.48
1972 13.89
1973 14.30
1974 17.08
1975 16.16
1976 12.91
1977 12.56
1978 14.01
1979 13.34
1980 12.28
1981 12.91
1982 15.12
1983 15.36
1984 17.07
1985 16.70
1986 12.11
1987 12.37
1988 13.39
1989 12.77
1990 12.45
1991 11.98
1992 12.73
1993 12.22
1994 13.34
1995 13.39
1996 13.27
1997 13.52
1998 12.57
1999 18.05
2000 18.76
2001 21.61
2002 21.26
2003 21.77
2004 20.50
2005 21.61
2006 21.16
2007 19.51
2008 17.66
2009 17.92
2010 18.01
2011 18.14
2012 16.96
2013 17.24
2014 16.41
2015 16.39
2016 15.70
2017 15.11
2018 14.64
2019 16.31
2020 16.29

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