Peru - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Peru was 30.49 as of 2020. Its highest value over the past 60 years was 61.84 in 1977, while its lowest value was 25.87 in 1991.

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
1960 28.22
1961 27.68
1962 27.70
1963 26.01
1964 26.77
1965 26.37
1966 26.44
1967 27.74
1968 27.68
1969 28.26
1970 28.25
1971 28.48
1972 28.75
1973 30.21
1974 31.82
1975 28.78
1976 31.21
1977 61.84
1978 34.03
1979 35.83
1991 25.87
1992 26.28
1993 27.71
1994 29.15
1995 29.10
1996 28.87
1997 29.35
1998 28.47
1999 28.60
2000 29.03
2001 29.04
2002 29.44
2003 29.89
2004 32.65
2005 34.36
2006 37.46
2007 37.70
2008 36.33
2009 33.55
2010 35.77
2011 37.24
2012 35.53
2013 33.86
2014 31.70
2015 30.34
2016 30.56
2017 31.30
2018 31.66
2019 30.58
2020 30.49

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