Malaysia - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Malaysia was 22.28 as of 2020. Its highest value over the past 60 years was 30.94 in 1999, while its lowest value was 9.38 in 1963.

Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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

See also:

Year Value
1960 10.26
1961 10.01
1962 10.55
1963 9.38
1964 10.20
1965 10.20
1966 10.56
1967 11.68
1968 11.84
1969 13.11
1970 13.76
1971 14.12
1972 14.67
1973 16.70
1974 18.72
1975 18.72
1976 19.70
1977 20.43
1978 20.18
1979 20.60
1980 21.95
1981 21.30
1982 19.40
1983 19.53
1984 19.66
1985 19.67
1986 19.68
1987 19.80
1988 21.82
1989 23.80
1990 24.22
1991 25.55
1992 25.82
1993 25.93
1994 26.64
1995 26.38
1996 27.84
1997 28.38
1998 28.78
1999 30.94
2000 30.86
2001 29.34
2002 29.25
2003 29.93
2004 30.38
2005 27.55
2006 27.57
2007 26.12
2008 24.56
2009 23.80
2010 23.43
2011 23.32
2012 23.14
2013 22.84
2014 22.87
2015 22.29
2016 21.80
2017 21.85
2018 21.53
2019 21.40
2020 22.28

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