Israel - Machinery and transport equipment (% of value added in manufacturing)

The value for Machinery and transport equipment (% of value added in manufacturing) in Israel was 38.56 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 41.08 in 2012 and a minimum value of 8.56 in 1994.

Definition: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Machinery and transport equipment correspond to ISIC divisions 29, 30, 32, 34, and 35.

Source: United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.

See also:

Year Value
1963 11.76
1964 12.37
1965 13.54
1966 12.74
1967 9.93
1968 11.78
1969 12.89
1970 14.46
1971 13.78
1972 13.85
1973 13.38
1974 14.17
1975 14.53
1976 16.40
1977 13.20
1978 12.65
1979 12.47
1980 13.17
1981 12.99
1982 10.67
1983 10.37
1984 11.34
1985 11.20
1986 11.70
1987 10.07
1988 9.04
1989 9.04
1990 10.01
1991 10.00
1992 9.85
1993 9.05
1994 8.56
1995 20.29
1996 22.52
1997 23.42
1998 24.29
1999 25.60
2000 31.89
2001 23.74
2002 20.79
2003 21.09
2004 22.34
2005 21.16
2006 22.27
2007 23.26
2008 22.92
2009 28.57
2010 24.84
2011 35.61
2012 41.08
2013 39.14
2014 40.71
2015 37.92
2016 37.80
2017 38.56
2018 38.56
2019 38.56

Development Relevance: Firms typically use multiple processes to produce a product. For example, an automobile manufacturer engages in forging, welding, and painting as well as advertising, accounting, and other service activities. Collecting data at such a detailed level is not practical, nor is it useful to record production data at the highest level of a large, multiplant, multiproduct firm. The ISIC has therefore adopted as the definition of an establishment "an enterprise or part of an enterprise which independently engages in one, or predominantly one, kind of economic activity at or from one location . . . for which data are available . . ." (United Nations 1990). By design, this definition matches the reporting unit required for the production accounts of the United Nations System of National Accounts. The ISIC system is described in the United Nations' International Standard Industrial Classification of All Economic Activities, Third Revision (1990). The discussion of the ISIC draws on Ryten (1998).

Limitations and Exceptions: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Statistical Concept and Methodology: The data on the distribution of manufacturing value added by industry are provided by the United Nations Industrial Development Organization (UNIDO). UNIDO obtains the data from a variety of national and international sources, including the United Nations Statistics Division, the World Bank, the Organisation for Economic Co-operation and Development, and the International Monetary Fund. To improve comparability over time and across countries, UNIDO supplements these data with information from industrial censuses, statistics from national and international organizations, unpublished data that it collects in the field, and estimates by the UNIDO Secretariat. Nevertheless, coverage may be incomplete, particularly for the informal sector. When direct information on inputs and outputs is not available, estimates may be used, which may result in errors in industry totals. Moreover, countries use different reference periods (calendar or fiscal year) and valuation methods (basic or producer prices) to estimate value added.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts