Burkina Faso - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Burkina Faso was 32.59 as of 2020. Its highest value over the past 60 years was 32.59 in 2020, while its lowest value was 17.86 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
1960 19.91
1961 19.89
1962 19.37
1963 20.62
1964 20.08
1965 18.70
1966 19.02
1967 22.09
1968 22.72
1969 22.44
1970 22.25
1971 24.24
1972 23.31
1973 26.20
1974 22.98
1975 25.94
1976 26.47
1977 21.30
1978 21.45
1979 20.66
1980 19.81
1981 18.77
1982 18.84
1983 20.36
1984 19.97
1985 19.23
1986 20.73
1987 22.55
1988 21.51
1989 22.13
1990 20.37
1991 19.26
1992 20.26
1993 19.85
1994 20.41
1995 19.94
1996 18.49
1997 19.68
1998 17.86
1999 22.46
2000 21.87
2001 20.64
2002 20.63
2003 22.63
2004 22.66
2005 20.17
2006 20.50
2007 22.55
2008 20.55
2009 22.96
2010 26.06
2011 28.37
2012 26.87
2013 24.10
2014 24.93
2015 24.35
2016 24.88
2017 25.14
2018 25.59
2019 27.15
2020 32.59

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