Guinea-Bissau - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Guinea-Bissau was 13.48 as of 2020. Its highest value over the past 50 years was 25.49 in 1974, while its lowest value was 9.25 in 1991.

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
1970 21.25
1971 22.08
1972 22.46
1973 24.39
1974 25.49
1975 25.36
1976 15.53
1977 22.64
1978 19.99
1979 19.86
1980 18.73
1981 15.92
1982 14.41
1983 11.46
1984 14.37
1985 15.64
1986 19.80
1987 12.29
1988 13.47
1989 16.36
1990 17.42
1991 9.25
1992 10.39
1993 9.67
1994 10.87
1995 11.48
1996 10.91
1997 15.03
1998 12.48
1999 12.08
2000 14.11
2001 14.25
2002 16.16
2003 17.49
2004 15.59
2005 14.38
2006 14.00
2007 13.20
2008 13.88
2009 13.36
2010 13.14
2011 12.40
2012 13.54
2013 14.42
2014 14.42
2015 12.25
2016 12.55
2017 12.60
2018 12.67
2019 13.26
2020 13.48

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