Guatemala - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Guatemala was 14.09 as of 2020. Its highest value over the past 55 years was 19.99 in 2001, while its lowest value was 13.17 in 2000.

Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1965 14.08
1966 14.74
1967 15.35
1968 15.74
1969 16.12
1970 15.79
1971 16.02
1972 15.74
1973 15.94
1974 15.67
1975 15.14
1976 15.57
1977 15.99
1978 16.21
1979 16.35
1980 16.65
1981 16.03
1982 15.75
1983 15.85
1984 15.86
1985 15.84
1986 15.91
1987 15.68
1988 15.43
1989 15.18
1990 15.05
1991 14.86
1992 14.64
1993 14.50
1994 14.35
1995 14.11
1996 13.97
1997 13.75
1998 13.57
1999 13.40
2000 13.17
2001 19.99
2002 18.81
2003 18.76
2004 19.19
2005 19.00
2006 19.03
2007 18.59
2008 18.77
2009 18.95
2010 18.94
2011 18.96
2012 19.43
2013 14.42
2014 14.08
2015 14.33
2016 14.19
2017 14.14
2018 13.96
2019 13.80
2020 14.09

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