Finland - Food, beverages and tobacco (% of value added in manufacturing)

The value for Food, beverages and tobacco (% of value added in manufacturing) in Finland was 8.51 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 16.84 in 1967 and a minimum value of 5.93 in 2000.

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. Food, beverages, and tobacco correspond to ISIC divisions 15 and 16.

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

See also:

Year Value
1963 16.56
1964 16.02
1965 16.25
1966 16.67
1967 16.84
1968 16.10
1969 15.01
1970 13.49
1971 14.00
1972 14.03
1973 12.67
1974 11.26
1975 13.16
1976 14.39
1977 14.21
1978 13.63
1979 11.93
1980 11.66
1981 12.41
1982 12.82
1983 12.56
1984 12.46
1985 12.49
1986 13.69
1987 12.52
1988 12.68
1989 11.90
1990 12.67
1991 14.66
1992 14.23
1993 13.34
1994 11.43
1995 9.51
1996 10.03
1997 9.00
1998 7.98
1999 7.51
2000 5.93
2001 6.49
2002 7.19
2003 7.41
2004 7.30
2005 7.07
2006 6.46
2007 6.33
2008 6.86
2009 10.24
2010 8.84
2011 9.01
2012 10.30
2013 10.30
2014 10.19
2015 9.73
2016 9.02
2017 8.46
2018 8.90
2019 8.51

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