Papua New Guinea - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Papua New Guinea was 36.71 as of 2019. Its highest value over the past 58 years was 39.75 in 1992, while its lowest value was 13.45 in 1961.

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
1961 13.45
1962 14.24
1963 15.38
1964 15.70
1965 17.90
1966 20.34
1967 19.85
1968 18.54
1969 18.47
1970 22.10
1971 24.46
1972 28.27
1973 36.11
1974 34.86
1975 28.49
1976 25.11
1977 26.08
1978 25.42
1979 29.08
1980 26.84
1981 23.24
1982 23.23
1983 27.89
1984 23.56
1985 26.23
1986 28.37
1987 31.68
1988 34.17
1989 29.55
1990 30.41
1991 34.42
1992 39.75
1993 38.91
1994 32.31
1995 32.06
1996 34.81
1997 29.80
1998 31.35
1999 35.09
2000 39.33
2001 38.49
2002 34.91
2003 35.25
2004 36.99
2006 35.37
2007 34.54
2008 34.39
2009 29.77
2010 33.17
2011 31.34
2012 27.57
2013 26.54
2014 32.78
2015 34.80
2016 34.73
2017 36.36
2018 36.92
2019 36.71

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