Denmark - Machinery and transport equipment (% of value added in manufacturing)

The value for Machinery and transport equipment (% of value added in manufacturing) in Denmark was 29.63 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 29.63 in 2019 and a minimum value of 17.08 in 1987.

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. Machinery and transport equipment correspond to ISIC divisions 29, 30, 32, 34, and 35.

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

See also:

Year Value
1963 21.36
1964 21.07
1965 19.88
1966 18.07
1967 17.42
1968 17.59
1969 17.94
1970 17.47
1971 18.20
1972 18.77
1973 18.95
1974 20.54
1975 21.62
1976 21.15
1977 20.41
1978 19.22
1979 18.33
1980 18.92
1981 19.09
1982 19.02
1983 19.53
1984 18.35
1985 18.75
1986 17.77
1987 17.08
1988 17.28
1989 17.26
1990 18.17
1991 18.19
1992 21.22
1993 20.66
1994 20.32
1995 21.78
1996 20.82
1997 22.41
1998 21.50
1999 21.23
2000 20.25
2001 20.15
2002 19.33
2003 19.01
2004 18.65
2005 18.88
2006 19.21
2007 19.45
2008 19.31
2009 27.57
2010 26.97
2011 28.96
2012 27.41
2013 27.90
2014 25.17
2015 24.12
2016 25.45
2017 25.67
2018 29.47
2019 29.63

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