Dominican Republic - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Dominican Republic was 30.28 as of 2020. Its highest value over the past 55 years was 33.62 in 1991, while its lowest value was 17.38 in 1985.

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
1965 21.10
1966 24.12
1967 26.25
1968 24.80
1969 25.59
1970 25.16
1971 25.97
1972 26.60
1973 27.00
1974 27.40
1975 30.45
1976 30.17
1977 28.40
1978 28.12
1979 28.90
1980 26.71
1981 25.56
1982 26.52
1983 26.13
1984 24.31
1985 17.38
1986 22.78
1987 19.92
1988 24.49
1989 30.70
1990 30.24
1991 33.62
1992 32.35
1993 32.21
1994 32.43
1995 32.18
1996 33.54
1997 32.11
1998 32.92
1999 33.16
2000 31.67
2001 29.73
2002 31.09
2003 31.88
2004 31.81
2005 30.27
2006 31.11
2007 30.55
2008 29.59
2009 27.79
2010 27.92
2011 28.40
2012 28.42
2013 29.25
2014 29.77
2015 28.50
2016 27.58
2017 28.07
2018 28.81
2019 29.08
2020 30.28

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