Honduras - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Honduras was 25.95 as of 2020. Its highest value over the past 60 years was 31.54 in 1994, while its lowest value was 16.66 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 or 4.

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

See also:

Year Value
1960 17.07
1961 16.66
1962 17.85
1963 17.99
1964 17.81
1965 17.43
1966 17.14
1967 18.91
1968 19.60
1969 20.07
1970 20.06
1971 20.45
1972 20.49
1973 21.75
1974 22.91
1975 22.46
1976 20.77
1977 20.34
1978 23.57
1979 24.53
1980 23.69
1981 22.52
1982 24.96
1983 25.10
1984 27.18
1985 26.56
1986 26.20
1987 27.92
1988 27.07
1989 29.23
1990 31.33
1991 29.23
1992 30.36
1993 30.72
1994 31.54
1995 31.10
1996 31.01
1997 30.20
1998 29.74
1999 30.71
2000 29.38
2001 27.70
2002 27.26
2003 27.37
2004 26.54
2005 26.24
2006 26.78
2007 26.16
2008 25.95
2009 26.02
2010 25.59
2011 25.81
2012 26.11
2013 25.41
2014 24.51
2015 25.65
2016 25.83
2017 26.54
2018 26.59
2019 27.08
2020 25.95

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