Greece - Other manufacturing (% of value added in manufacturing)

The value for Other manufacturing (% of value added in manufacturing) in Greece was 48.29 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 54.84 in 2005 and a minimum value of 36.05 in 1994.

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. Other manufacturing, a residual, covers wood and related products (ISIC division 20), paper and related products (ISIC divisions 21 and 22), petroleum and related products (ISIC division 23), basic metals and mineral products (ISIC division27), fabricated metal products and professional goods (ISIC division 28), and other industries (ISIC divisions 25, 26, 31, 33, 36, and 37). Includes unallocated data. When data for textiles, machinery, or chemicals are shown as not available, they are included in other manufacturing.

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

See also:

Year Value
1963 38.72
1964 39.72
1965 38.83
1966 39.93
1967 42.48
1968 41.69
1969 44.47
1970 46.21
1971 44.06
1972 42.77
1973 46.36
1974 44.66
1975 40.73
1976 39.68
1977 41.22
1978 41.02
1979 41.33
1980 41.79
1981 41.06
1982 40.56
1983 41.26
1984 40.80
1985 39.24
1986 39.54
1987 38.37
1988 41.52
1989 42.11
1990 41.13
1991 40.99
1992 40.37
1993 36.55
1994 36.05
1995 40.04
1996 39.62
1997 43.71
1998 42.53
1999 41.40
2000 41.40
2001 47.99
2002 47.99
2003 50.13
2004 52.20
2005 54.84
2006 53.57
2007 53.85
2008 49.59
2009 46.94
2010 54.29
2011 49.87
2012 46.30
2013 43.11
2014 40.56
2015 46.79
2016 46.52
2017 46.74
2018 48.29
2019 48.29

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