Netherlands - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Netherlands was 10.77 as of 2020. Its highest value over the past 51 years was 23.56 in 1974, while its lowest value was 10.29 in 2013.

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
1969 23.42
1970 22.70
1971 21.92
1972 21.62
1973 21.04
1974 23.56
1975 19.16
1976 18.69
1977 17.56
1978 17.05
1979 17.07
1980 16.33
1981 15.85
1982 15.67
1983 15.43
1984 16.54
1985 16.10
1986 16.55
1987 16.82
1988 17.00
1989 16.99
1990 16.70
1991 16.00
1992 15.60
1993 15.37
1994 15.20
1995 15.35
1996 14.69
1997 14.23
1998 14.17
1999 13.63
2000 13.35
2001 13.12
2002 12.54
2003 12.18
2004 12.27
2005 12.30
2006 11.93
2007 12.00
2008 11.46
2009 10.50
2010 10.47
2011 10.80
2012 10.74
2013 10.29
2014 10.36
2015 10.80
2016 10.85
2017 11.05
2018 11.06
2019 10.77
2020 10.77

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