Rwanda - Manufacturing, value added (current US$)

The latest value for Manufacturing, value added (current US$) in Rwanda was $930,365,600 as of 2020. Over the past 55 years, the value for this indicator has fluctuated between $930,365,600 in 2020 and $2,562,286 in 1966.

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. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1965 $3,060,000
1966 $2,562,286
1967 $3,925,000
1968 $7,518,999
1969 $7,653,998
1970 $7,900,001
1971 $8,324,367
1972 $10,097,170
1973 $11,915,830
1974 $13,443,970
1975 $70,223,110
1976 $78,340,590
1977 $106,321,900
1978 $141,248,100
1979 $141,883,700
1980 $191,485,600
1981 $221,431,100
1982 $189,737,800
1983 $227,204,900
1984 $221,524,100
1985 $235,409,800
1986 $309,746,800
1987 $232,052,100
1988 $248,053,200
1989 $251,098,600
1990 $466,811,100
1991 $308,530,700
1992 $245,634,900
1993 $226,328,900
1994 $130,000,000
1995 $132,201,900
1996 $159,588,700
1997 $222,863,600
1998 $223,493,000
1999 $220,667,100
2000 $198,983,200
2001 $178,043,900
2002 $191,688,400
2003 $189,883,800
2004 $209,923,300
2005 $255,206,600
2006 $298,042,300
2007 $330,579,300
2008 $410,340,200
2009 $451,969,800
2010 $504,660,300
2011 $574,977,900
2012 $632,757,800
2013 $532,706,200
2014 $561,014,100
2015 $582,713,600
2016 $581,881,400
2017 $710,440,600
2018 $734,234,600
2019 $867,291,900
2020 $930,365,600

Development Relevance: Firms typically use multiple processes to produce a product. For example, an automobile manufacturer engages in forging, welding, and painting as well as advertising, accounting, and other service activities. Collecting data at such a detailed level is not practical, nor is it useful to record production data at the highest level of a large, multiplant, multiproduct firm. The ISIC has therefore adopted as the definition of an establishment "an enterprise or part of an enterprise which independently engages in one, or predominantly one, kind of economic activity at or from one location . . . for which data are available . . ." (United Nations 1990). By design, this definition matches the reporting unit required for the production accounts of the United Nations System of National Accounts. The ISIC system is described in the United Nations' International Standard Industrial Classification of All Economic Activities, Third Revision (1990). The discussion of the ISIC draws on Ryten (1998).

Limitations and Exceptions: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Statistical Concept and Methodology: The data on manufacturing value added in U.S. dollars are from the World Bank's national accounts files and may differ from those UNIDO uses to calculate shares of value added by industry, in part because of differences in exchange rates. Thus value added in a particular industry estimated by applying the shares to total manufacturing value added will not match those from UNIDO sources. Classification of manufacturing industries accords with the United Nations International Standard Industrial Classification (ISIC) revision 3. Data prior to 2008 used revision 2, first published in 1948. Revision 3 was completed in 1989, and many countries now use it. But revision 2 is still widely used for compiling cross-country data. UNIDO has converted these data to accord with revision 3. Concordances matching ISIC categories to national classification systems and to related systems such as the Standard International Trade Classification are available.

Aggregation method: Gap-filled total

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