Chile - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Chile was 9.93 as of 2020. Its highest value over the past 60 years was 29.55 in 1974, while its lowest value was 9.93 in 2020.

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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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

See also:

Year Value
1960 21.81
1961 22.17
1962 23.62
1963 23.66
1964 24.27
1965 23.78
1966 22.77
1967 23.59
1968 25.44
1969 25.06
1970 25.47
1971 24.43
1972 23.38
1973 27.09
1974 29.55
1975 20.28
1976 23.26
1977 21.74
1978 22.39
1979 21.24
1980 21.43
1981 22.04
1982 19.41
1983 20.87
1984 22.96
1985 21.95
1986 17.87
1987 17.51
1988 18.06
1989 18.03
1990 18.51
1991 19.08
1992 18.99
1993 19.27
1994 19.24
1995 19.35
1996 16.84
1997 16.53
1998 16.15
1999 16.31
2000 16.88
2001 17.53
2002 17.58
2003 17.03
2004 15.95
2005 14.29
2006 12.89
2007 11.96
2008 11.14
2009 11.24
2010 10.77
2011 11.01
2012 10.81
2013 11.12
2014 11.32
2015 11.66
2016 10.98
2017 10.40
2018 10.54
2019 10.14
2020 9.93

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