Greece - Textiles and clothing (% of value added in manufacturing)

The value for Textiles and clothing (% of value added in manufacturing) in Greece was 3.63 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 25.40 in 1987 and a minimum value of 3.63 in 2018.

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. Textiles and clothing correspond to ISIC divisions 17-19.

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

See also:

Year Value
1963 22.39
1964 21.71
1965 21.34
1966 20.63
1967 21.71
1968 19.98
1969 19.19
1970 18.83
1971 19.88
1972 20.92
1973 20.45
1974 20.88
1975 22.79
1976 24.46
1977 23.20
1978 23.01
1979 22.85
1980 22.73
1981 21.19
1982 22.71
1983 22.40
1984 22.33
1985 23.59
1986 25.26
1987 25.40
1988 21.69
1989 19.87
1990 19.51
1991 17.90
1992 17.17
1993 16.19
1994 15.01
1995 14.80
1996 13.53
1997 12.55
1998 12.20
1999 12.44
2000 12.44
2001 11.21
2002 11.21
2003 10.75
2004 8.76
2005 8.21
2006 7.88
2007 7.65
2008 7.11
2009 6.70
2010 5.66
2011 4.94
2012 5.20
2013 4.31
2014 4.60
2015 3.69
2016 3.99
2017 3.91
2018 3.63
2019 3.63

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