Eswatini - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Eswatini was 26.57 as of 2020. Its highest value over the past 55 years was 35.22 in 2007, while its lowest value was 8.17 in 1965.

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
1965 8.17
1966 8.56
1967 12.55
1968 14.74
1969 12.35
1970 11.36
1971 13.63
1972 15.07
1973 21.30
1974 20.82
1975 18.29
1976 19.41
1977 20.42
1978 20.93
1979 21.04
1980 18.00
1981 17.79
1982 17.27
1983 14.50
1984 15.26
1985 13.27
1986 18.53
1987 25.12
1988 29.38
1989 30.57
1990 31.42
1991 31.54
1992 30.07
1993 31.45
1994 30.76
1995 32.77
1996 31.88
1997 33.02
1998 32.91
1999 32.13
2000 33.86
2001 34.27
2002 33.70
2003 33.01
2004 33.94
2005 34.24
2006 34.49
2007 35.22
2008 34.60
2009 34.79
2010 32.53
2011 31.69
2012 31.02
2013 29.64
2014 30.64
2015 31.71
2016 31.23
2017 29.81
2018 29.04
2019 29.56
2020 26.57

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