Costa Rica - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Costa Rica was 12.50 as of 2020. Its highest value over the past 50 years was 22.49 in 1984, while its lowest value was 11.61 in 2016.

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
1970 18.16
1971 18.72
1972 19.15
1973 20.13
1974 20.78
1975 20.40
1976 19.70
1977 18.99
1978 18.74
1979 18.31
1980 18.60
1981 18.94
1982 20.34
1983 21.86
1984 22.49
1985 22.09
1986 21.32
1987 21.33
1988 21.27
1989 20.35
1990 19.38
1991 20.57
1992 20.70
1993 19.72
1994 19.07
1995 19.01
1996 19.14
1997 19.46
1998 18.95
1999 18.68
2000 18.32
2001 17.43
2002 17.39
2003 17.10
2004 16.89
2005 16.87
2006 16.49
2007 16.13
2008 15.13
2009 14.15
2010 14.58
2011 14.30
2012 13.88
2013 12.84
2014 12.29
2015 11.61
2016 11.61
2017 11.73
2018 11.92
2019 11.76
2020 12.50

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