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

Industry, value added (% of GDP) in Costa Rica was 19.74 as of 2020. Its highest value over the past 60 years was 29.45 in 1984, while its lowest value was 18.93 in 2019.

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 20.14
1961 20.37
1962 20.42
1963 21.36
1964 21.72
1965 23.03
1966 22.86
1967 23.08
1968 23.99
1969 23.93
1970 24.10
1971 25.32
1972 26.11
1973 26.70
1974 27.58
1975 27.37
1976 27.45
1977 26.16
1978 26.07
1979 26.46
1980 26.97
1981 26.62
1982 25.74
1983 28.61
1984 29.45
1985 28.87
1986 27.62
1987 27.57
1988 27.23
1989 26.90
1990 25.70
1991 27.37
1992 27.88
1993 27.36
1994 26.61
1995 26.57
1996 25.99
1997 26.04
1998 25.99
1999 25.73
2000 25.44
2001 25.22
2002 24.57
2003 24.18
2004 24.67
2005 24.27
2006 23.72
2007 23.89
2008 23.55
2009 23.52
2010 23.32
2011 22.59
2012 22.20
2013 21.34
2014 20.62
2015 19.97
2016 19.65
2017 19.31
2018 19.56
2019 18.93
2020 19.74

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