Colombia - Other manufacturing (% of value added in manufacturing)

The value for Other manufacturing (% of value added in manufacturing) in Colombia was 37.73 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 47.88 in 2007 and a minimum value of 30.15 in 1965.

Definition: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Other manufacturing, a residual, covers wood and related products (ISIC division 20), paper and related products (ISIC divisions 21 and 22), petroleum and related products (ISIC division 23), basic metals and mineral products (ISIC division27), fabricated metal products and professional goods (ISIC division 28), and other industries (ISIC divisions 25, 26, 31, 33, 36, and 37). Includes unallocated data. When data for textiles, machinery, or chemicals are shown as not available, they are included in other manufacturing.

Source: United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.

See also:

Year Value
1963 32.49
1964 31.09
1965 30.15
1966 32.30
1967 30.60
1968 32.07
1969 32.69
1970 31.84
1971 30.87
1972 31.51
1973 31.99
1974 33.01
1975 32.76
1976 33.75
1977 36.62
1978 34.59
1979 33.35
1980 38.56
1981 38.01
1982 35.04
1983 34.63
1984 35.01
1985 32.27
1986 32.19
1987 34.36
1988 35.08
1989 34.77
1990 34.22
1991 33.79
1992 35.70
1993 34.99
1994 35.97
1995 37.03
1996 37.56
1997 37.13
1998 36.05
1999 36.80
2000 39.02
2001 39.14
2002 39.46
2003 42.33
2004 44.76
2005 45.11
2006 46.70
2007 47.88
2008 44.82
2009 42.46
2010 34.28
2011 44.15
2012 43.61
2013 44.00
2014 42.52
2015 40.46
2016 36.07
2017 35.20
2018 37.73
2019 37.73

Development Relevance: Firms typically use multiple processes to produce a product. For example, an automobile manufacturer engages in forging, welding, and painting as well as advertising, accounting, and other service activities. Collecting data at such a detailed level is not practical, nor is it useful to record production data at the highest level of a large, multiplant, multiproduct firm. The ISIC has therefore adopted as the definition of an establishment "an enterprise or part of an enterprise which independently engages in one, or predominantly one, kind of economic activity at or from one location . . . for which data are available . . ." (United Nations 1990). By design, this definition matches the reporting unit required for the production accounts of the United Nations System of National Accounts. The ISIC system is described in the United Nations' International Standard Industrial Classification of All Economic Activities, Third Revision (1990). The discussion of the ISIC draws on Ryten (1998).

Limitations and Exceptions: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Statistical Concept and Methodology: The data on the distribution of manufacturing value added by industry are provided by the United Nations Industrial Development Organization (UNIDO). UNIDO obtains the data from a variety of national and international sources, including the United Nations Statistics Division, the World Bank, the Organisation for Economic Co-operation and Development, and the International Monetary Fund. To improve comparability over time and across countries, UNIDO supplements these data with information from industrial censuses, statistics from national and international organizations, unpublished data that it collects in the field, and estimates by the UNIDO Secretariat. Nevertheless, coverage may be incomplete, particularly for the informal sector. When direct information on inputs and outputs is not available, estimates may be used, which may result in errors in industry totals. Moreover, countries use different reference periods (calendar or fiscal year) and valuation methods (basic or producer prices) to estimate value added.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts