France - Industry, value added (% of GDP)

Industry, value added (% of GDP) in France was 16.45 as of 2020. Its highest value over the past 60 years was 30.67 in 1961, while its lowest value was 16.45 in 2020.

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
1960 30.28
1961 30.67
1962 29.99
1963 29.67
1964 30.17
1965 30.28
1966 30.06
1967 29.71
1968 29.33
1969 28.79
1970 29.05
1971 29.50
1972 28.88
1973 29.19
1974 28.75
1975 28.65
1976 28.17
1977 28.11
1978 28.01
1979 27.63
1980 27.77
1981 27.07
1982 26.45
1983 26.24
1984 25.78
1985 25.64
1986 25.46
1987 25.05
1988 24.98
1989 24.39
1990 24.46
1991 24.30
1992 24.01
1993 23.06
1994 22.24
1995 22.31
1996 21.68
1997 21.53
1998 21.44
1999 21.20
2000 21.29
2001 20.94
2002 20.65
2003 20.19
2004 19.96
2005 19.61
2006 19.28
2007 19.14
2008 18.81
2009 18.30
2010 17.85
2011 17.98
2012 17.87
2013 17.97
2014 17.75
2015 17.68
2016 17.43
2017 17.24
2018 17.19
2019 17.42
2020 16.45

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