Gabon - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Gabon was 40.73 as of 2020. Its highest value over the past 60 years was 66.53 in 1985, while its lowest value was 30.60 in 1962.

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 33.92
1961 31.57
1962 30.60
1963 38.13
1964 30.75
1965 33.87
1966 34.93
1967 37.87
1968 45.54
1969 45.59
1970 47.60
1971 45.58
1972 51.24
1973 47.86
1974 63.36
1975 62.28
1976 62.36
1977 58.26
1978 57.83
1979 61.76
1980 60.43
1981 58.41
1982 60.64
1983 56.84
1984 59.70
1985 66.53
1986 47.50
1987 48.85
1988 35.95
1989 41.73
1990 43.00
1991 44.61
1992 43.32
1993 45.25
1994 52.62
1995 52.36
1996 55.37
1997 53.65
1998 43.14
1999 48.82
2000 56.26
2001 47.71
2002 47.32
2003 47.04
2004 51.50
2005 59.92
2006 59.47
2007 57.22
2008 61.74
2009 50.45
2010 55.19
2011 60.88
2012 58.82
2013 56.61
2014 52.72
2015 48.18
2016 45.04
2017 45.47
2018 47.13
2019 47.18
2020 40.73

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