Burkina Faso - Manufacturing, value added (constant 2010 US$)

The latest value for Manufacturing, value added (constant 2010 US$) in Burkina Faso was 1,553,661,000 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between 1,553,661,000 in 2020 and 193,890,200 in 1970.

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. Data are expressed constant 2010 U.S. dollars.

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

See also:

Year Value
1970 193,890,200
1971 199,689,900
1972 218,353,900
1973 229,549,500
1974 233,281,300
1975 244,481,800
1976 253,813,700
1977 257,545,500
1978 266,877,600
1979 276,438,300
1980 301,967,800
1981 277,119,600
1982 307,699,300
1983 309,611,200
1984 306,745,600
1985 311,810,600
1986 327,418,800
1987 349,131,600
1988 342,954,200
1989 346,134,800
1990 398,224,600
1991 386,088,400
1992 409,514,600
1993 436,069,300
1994 403,624,100
1995 424,894,500
1996 417,747,100
1997 511,003,200
1998 536,080,300
1999 681,098,900
2000 635,409,800
2001 678,143,700
2002 719,555,800
2003 796,870,400
2004 816,400,500
2005 854,925,000
2006 926,309,800
2007 1,001,111,000
2008 972,135,600
2009 1,007,939,000
2010 1,029,943,000
2011 1,107,576,000
2012 1,103,677,000
2013 1,141,859,000
2014 1,291,187,000
2015 1,375,054,000
2016 1,411,312,000
2017 1,351,301,000
2018 1,448,492,000
2019 1,507,134,000
2020 1,553,661,000

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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: Gap-filled total

Base Period: 2010

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