Burundi - Industry, value added (current US$)

The latest value for Industry, value added (current US$) in Burundi was $337,318,600 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between $419,348,000 in 2014 and $22,827,430 in 1970.

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. Data are in current U.S. dollars.

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

See also:

Year Value
1970 $22,827,430
1971 $24,670,860
1972 $26,640,000
1973 $35,382,250
1974 $41,843,810
1975 $52,971,430
1976 $52,653,910
1977 $66,701,000
1978 $87,303,340
1979 $115,147,800
1980 $107,338,900
1981 $123,223,300
1982 $144,838,900
1983 $156,820,900
1984 $124,191,800
1985 $135,949,100
1986 $145,755,500
1987 $177,768,700
1988 $160,354,700
1989 $192,295,800
1990 $196,157,800
1991 $204,701,600
1992 $205,625,600
1993 $188,884,900
1994 $181,055,400
1995 $168,078,700
1996 $102,394,700
1997 $135,139,500
1998 $131,306,400
1999 $130,258,900
2000 $135,269,800
2001 $136,544,900
2002 $130,445,400
2003 $123,518,000
2004 $149,397,600
2005 $189,160,800
2006 $195,021,100
2007 $232,672,200
2008 $248,467,800
2009 $301,413,800
2010 $312,667,500
2011 $331,118,000
2012 $367,520,200
2013 $382,078,000
2014 $419,348,000
2015 $365,230,400
2016 $361,294,100
2017 $348,734,200
2018 $337,318,600

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

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