Burundi - Industry, value added (constant 2010 US$)

The latest value for Industry, value added (constant 2010 US$) in Burundi was 311,437,400 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between 519,003,000 in 1992 and 144,549,400 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 constant 2010 U.S. dollars.

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

See also:

Year Value
1970 144,549,400
1971 152,683,500
1972 149,132,400
1973 151,910,100
1974 157,476,100
1975 158,463,200
1976 174,855,100
1977 217,582,400
1978 242,422,000
1979 244,389,000
1980 269,149,200
1981 294,920,400
1982 322,190,500
1983 332,652,200
1984 337,778,600
1985 369,219,500
1986 374,106,300
1987 401,830,600
1988 404,062,200
1989 406,968,100
1990 437,442,200
1991 478,035,400
1992 519,003,000
1993 446,238,800
1994 363,818,500
1995 303,461,000
1996 315,235,300
1997 311,922,600
1998 306,963,100
1999 321,052,700
2000 301,050,600
2001 282,294,700
2002 264,707,300
2003 248,215,600
2004 232,751,400
2005 236,361,200
2006 249,049,700
2007 269,812,400
2008 282,884,400
2009 308,458,800
2010 312,667,500
2011 318,469,300
2012 335,262,500
2013 343,429,200
2014 364,722,100
2015 306,001,900
2016 302,023,900
2017 304,138,000
2018 311,437,400

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