Brunei - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Brunei was 59.13 as of 2020. Its highest value over the past 46 years was 90.51 in 1974, while its lowest value was 51.53 in 1998.

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
1974 90.51
1975 89.52
1976 90.47
1977 84.77
1978 80.61
1979 84.20
1980 84.82
1981 81.85
1982 79.69
1983 77.32
1984 73.47
1985 71.81
1986 58.81
1987 59.51
1988 52.26
1989 59.80
1990 61.56
1991 59.57
1992 60.40
1993 57.24
1994 53.83
1995 54.27
1996 56.30
1997 56.05
1998 51.53
1999 55.18
2000 63.67
2001 60.04
2002 60.66
2003 64.15
2004 67.85
2005 71.56
2006 73.18
2007 71.30
2008 74.11
2009 65.41
2010 68.66
2011 73.67
2012 72.66
2013 70.03
2014 67.85
2015 61.36
2016 57.29
2017 59.72
2018 63.24
2019 62.52
2020 59.13

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