Honduras - Industry, value added (constant 2010 US$)

The latest value for Industry, value added (constant 2010 US$) in Honduras was 5,258,218,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 6,138,166,000 in 2019 and 605,139,300 in 1961.

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. Data are in constant 2010 U.S. dollars.

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

See also:

Year Value
1960 620,633,700
1961 605,139,300
1962 687,919,000
1963 699,804,700
1964 716,573,200
1965 738,009,500
1966 751,169,300
1967 889,983,800
1968 949,202,900
1969 955,146,000
1970 995,474,400
1971 1,025,190,000
1972 1,101,602,000
1973 1,252,303,000
1974 1,315,979,000
1975 1,322,347,000
1976 1,386,023,000
1977 1,568,562,000
1978 1,671,220,000
1979 1,776,426,000
1980 1,712,557,000
1981 1,623,933,000
1982 1,643,998,000
1983 1,741,095,000
1984 1,923,055,000
1985 2,010,729,000
1986 2,208,521,000
1987 2,368,560,000
1988 2,349,520,000
1989 2,424,777,000
1990 2,529,524,000
1991 2,444,293,000
1992 2,661,084,000
1993 2,918,642,000
1994 2,948,303,000
1995 3,200,583,000
1996 3,192,013,000
1997 3,300,873,000
1998 3,392,654,000
1999 3,501,684,000
2000 3,510,692,000
2001 3,527,049,000
2002 3,611,366,000
2003 3,768,583,000
2004 3,900,525,000
2005 4,198,356,000
2006 4,464,201,000
2007 4,745,271,000
2008 4,927,528,000
2009 4,548,439,000
2010 4,683,664,000
2011 4,878,480,000
2012 4,973,126,000
2013 5,068,063,000
2014 5,128,696,000
2015 5,343,902,000
2016 5,542,359,000
2017 5,791,858,000
2018 6,027,465,000
2019 6,138,166,000
2020 5,258,218,000

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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: Gap-filled total

Base Period: 2010

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.


Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts