Fiji - Manufacturing, value added (constant 2010 US$)

The latest value for Manufacturing, value added (constant 2010 US$) in Fiji was 503,791,100 as of 2020. Over the past 55 years, the value for this indicator has fluctuated between 540,455,100 in 2018 and 79,289,110 in 1966.

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. Data are expressed constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1965 95,024,270
1966 79,289,110
1967 121,998,900
1968 127,312,100
1969 102,176,700
1970 116,481,400
1971 106,468,100
1972 111,168,200
1973 114,846,600
1974 118,933,600
1975 119,546,700
1976 129,764,400
1977 141,821,200
1978 151,834,500
1979 179,217,800
1980 165,117,500
1981 181,670,100
1982 176,561,300
1983 158,782,500
1984 185,961,500
1985 162,052,200
1986 193,318,200
1987 171,452,400
1988 170,022,000
1989 214,806,800
1990 237,132,400
1991 237,212,800
1992 241,991,800
1993 271,209,000
1994 290,325,000
1995 290,759,400
1996 304,644,300
1997 329,620,900
1998 346,594,400
1999 372,362,600
2000 352,047,100
2001 395,668,200
2002 398,834,300
2003 394,788,700
2004 445,445,500
2005 376,671,900
2006 403,100,700
2007 378,874,300
2008 417,556,600
2009 411,871,400
2010 431,423,600
2011 383,622,400
2012 376,265,400
2013 398,401,200
2014 464,207,300
2015 491,487,600
2016 520,811,700
2017 528,218,200
2018 540,455,100
2019 528,082,900
2020 503,791,100

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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: Gap-filled total

Base Period: 2010

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