Industry, value added (annual % growth) - Country Ranking - Asia

Definition: Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

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

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Turkmenistan 22.16 2006
2 Bangladesh 12.06 2018
3 Cambodia 11.62 2018
4 Uzbekistan 10.39 2018
5 Tajikistan 10.36 2018
6 Japan 10.13 2017
7 Nepal 9.59 2018
8 Vietnam 8.85 2018
9 Myanmar 8.24 2018
10 Lao PDR 7.81 2018
11 Mongolia 7.36 2018
12 India 6.86 2018
13 Philippines 6.70 2018
14 Kyrgyz Republic 6.21 2018
15 China 5.83 2018
16 Pakistan 4.92 2018
17 Singapore 4.90 2018
18 Kazakhstan 4.46 2018
19 Indonesia 4.34 2018
20 Lebanon 3.88 2018
21 Malaysia 3.25 2018
22 Armenia 3.15 2018
23 Iran 3.04 2017
24 Israel 3.01 2018
25 Russia 2.87 2018
26 Saudi Arabia 2.71 2018
27 Thailand 2.71 2018
28 Korea 2.48 2018
29 Bhutan 2.41 2017
30 Bahrain 2.34 2018
31 United Arab Emirates 1.98 2018
32 Afghanistan 1.44 2018
33 Qatar 1.29 2018
34 Jordan 1.27 2018
35 Sri Lanka 0.93 2018
36 Turkey 0.37 2018
37 Hong Kong SAR, China 0.29 2018
38 Georgia 0.21 2018
39 Kuwait 0.19 2018
40 Brunei -0.36 2018
41 Azerbaijan -0.71 2018
42 Oman -0.95 2018
43 Iraq -2.27 2018
44 Yemen -2.29 2018
45 Syrian Arab Republic -2.63 2002
46 Macao SAR, China -12.35 2018
47 Timor-Leste -17.25 2017

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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: Weighted average

Periodicity: Annual

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