Morocco - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Morocco was 26.13 as of 2020. Its highest value over the past 55 years was 35.17 in 1975, while its lowest value was 24.24 in 2009.

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
1965 27.55
1966 29.05
1967 28.54
1968 28.10
1969 27.64
1970 26.97
1971 27.27
1972 27.55
1973 27.97
1974 35.02
1975 35.17
1976 32.02
1977 32.55
1978 31.34
1979 32.67
1980 28.76
1981 31.68
1982 30.31
1983 30.87
1984 30.83
1985 30.21
1986 27.40
1987 27.61
1988 27.73
1989 27.35
1990 27.60
1991 26.02
1992 26.37
1993 26.47
1994 25.16
1995 26.33
1996 25.62
1997 27.32
1998 25.74
1999 26.10
2000 26.96
2001 25.40
2002 25.23
2003 26.00
2004 26.61
2005 26.15
2006 25.15
2007 24.67
2008 26.76
2009 24.24
2010 25.66
2011 26.61
2012 26.41
2013 26.17
2014 26.49
2015 26.09
2016 25.89
2017 26.16
2018 25.87
2019 25.32
2020 26.13

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