Iraq - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Iraq was 41.09 as of 2020. Its highest value over the past 52 years was 84.80 in 2000, while its lowest value was 37.75 in 1986.

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
1968 46.68
1969 46.14
1970 46.06
1971 50.27
1972 44.26
1973 51.79
1974 70.37
1975 68.07
1976 70.78
1977 69.08
1978 68.95
1979 75.31
1980 73.97
1981 52.50
1982 49.38
1983 47.34
1984 44.89
1985 43.82
1986 37.75
1987 42.02
1988 41.86
1989 40.55
1990 72.25
1991 51.05
1992 52.23
1993 57.86
1994 55.89
1995 64.87
1996 58.45
1997 75.02
1998 70.15
1999 79.57
2000 84.80
2001 77.42
2002 74.16
2003 70.84
2004 61.84
2005 63.61
2006 61.44
2007 60.11
2008 62.79
2009 51.99
2010 55.79
2011 62.55
2012 60.58
2013 57.69
2014 55.31
2015 45.34
2016 46.18
2017 51.33
2018 54.17
2019 53.05
2020 41.09

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