Korea - Textiles and clothing (% of value added in manufacturing)

The value for Textiles and clothing (% of value added in manufacturing) in Korea was 3.08 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 23.64 in 1967 and a minimum value of 3.08 in 2017.

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. Textiles and clothing correspond to ISIC divisions 17-19.

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

See also:

Year Value
1963 20.20
1964 18.57
1965 20.18
1966 19.36
1967 23.64
1968 19.96
1969 18.74
1970 17.12
1971 17.57
1972 20.64
1973 21.80
1974 19.74
1975 22.55
1976 22.54
1977 19.57
1978 20.03
1979 19.32
1980 19.49
1981 19.79
1982 17.82
1983 16.63
1984 16.65
1985 16.50
1986 16.66
1987 16.42
1988 15.35
1989 14.03
1990 13.82
1991 13.42
1992 13.31
1993 12.79
1994 11.46
1995 10.18
1996 9.52
1997 8.80
1998 8.65
1999 8.41
2000 8.00
2001 7.81
2002 7.05
2003 6.58
2004 5.50
2005 5.29
2006 4.89
2007 4.32
2008 4.13
2009 4.30
2010 4.28
2011 3.79
2012 3.54
2013 3.56
2014 3.54
2015 3.46
2016 3.43
2017 3.08
2018 3.08
2019 3.08

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