Peru - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Peru was 12.20 as of 2020. Its highest value over the past 60 years was 37.21 in 1977, while its lowest value was 12.20 in 2020.

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 18.08
1961 18.10
1962 18.27
1963 16.76
1964 16.25
1965 15.35
1966 14.09
1967 15.45
1968 16.09
1969 15.89
1970 17.71
1971 18.49
1972 18.17
1973 18.62
1974 19.88
1975 18.16
1976 19.79
1977 37.21
1978 20.23
1979 19.66
1991 16.15
1992 16.15
1993 16.19
1994 16.00
1995 15.33
1996 15.31
1997 15.36
1998 14.86
1999 14.67
2000 15.21
2001 15.58
2002 15.50
2003 15.40
2004 16.37
2005 16.55
2006 16.47
2007 16.52
2008 16.30
2009 15.29
2010 15.56
2011 15.09
2012 15.16
2013 14.83
2014 13.96
2015 13.79
2016 13.34
2017 12.97
2018 13.20
2019 13.00
2020 12.20

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