Malta - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Malta was 13.44 as of 2020. Its highest value over the past 50 years was 63.71 in 1976, while its lowest value was 12.06 in 2017.

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
1970 45.89
1971 41.95
1972 47.26
1973 49.14
1974 55.07
1975 61.14
1976 63.71
1977 63.21
1978 63.26
1979 63.64
1980 61.22
1981 58.57
1982 58.83
1983 57.31
1984 57.71
1985 56.93
1986 55.90
1987 53.72
1988 52.28
1989 52.29
1990 50.78
1991 49.95
1992 46.74
1993 45.49
1994 46.87
1995 26.33
1996 25.90
1997 25.57
1998 26.32
1999 24.88
2000 26.94
2001 23.89
2002 24.79
2003 24.75
2004 22.31
2005 20.96
2006 19.94
2007 18.26
2008 19.27
2009 17.54
2010 17.57
2011 16.34
2012 14.93
2013 14.59
2014 12.99
2015 12.29
2016 12.32
2017 12.06
2018 12.39
2019 12.57
2020 13.44

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