Chile - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Chile was 31.43 as of 2020. Its highest value over the past 60 years was 48.73 in 1974, while its lowest value was 28.89 in 2016.

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 35.85
1961 35.80
1962 37.69
1963 39.50
1964 40.27
1965 39.87
1966 39.21
1967 39.75
1968 41.18
1969 42.77
1970 41.36
1971 38.60
1972 37.80
1973 40.98
1974 48.73
1975 38.13
1976 39.97
1977 36.11
1978 36.00
1979 37.30
1980 37.30
1981 36.17
1982 35.87
1983 38.57
1984 38.37
1985 39.28
1986 35.36
1987 36.20
1988 41.20
1989 39.93
1990 39.22
1991 37.37
1992 35.26
1993 35.00
1994 36.59
1995 38.04
1996 34.28
1997 33.79
1998 30.91
1999 30.55
2000 31.42
2001 31.82
2002 31.97
2003 33.41
2004 36.00
2005 36.86
2006 41.11
2007 39.94
2008 34.24
2009 34.44
2010 35.70
2011 34.70
2012 32.54
2013 31.19
2014 31.04
2015 29.78
2016 28.89
2017 29.44
2018 29.39
2019 29.11
2020 31.43

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