Pakistan - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Pakistan was 12.18 as of 2018. Its highest value over the past 58 years was 17.49 in 2005, while its lowest value was 11.43 in 1960.

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 11.43
1961 11.69
1962 12.91
1963 13.99
1964 13.97
1965 13.41
1966 13.90
1967 13.32
1968 13.50
1969 14.63
1970 14.58
1971 14.99
1972 14.38
1973 14.50
1974 14.68
1975 15.57
1976 15.19
1977 13.62
1978 13.62
1979 14.09
1980 14.31
1981 13.46
1982 13.63
1983 13.78
1984 14.39
1985 14.32
1986 14.75
1987 14.99
1988 14.94
1989 14.75
1990 15.46
1991 15.24
1992 14.99
1993 14.90
1994 15.06
1995 14.62
1996 14.61
1997 14.56
1998 14.68
1999 14.41
2000 13.66
2001 14.45
2002 14.44
2003 14.88
2004 16.00
2005 17.49
2006 12.97
2007 13.27
2008 14.79
2009 12.72
2010 13.07
2011 13.83
2012 14.02
2013 13.57
2014 13.54
2015 12.79
2016 12.08
2017 12.00
2018 12.18

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