Senegal - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Senegal was 23.22 as of 2020. Its highest value over the past 60 years was 25.07 in 2004, while its lowest value was 13.62 in 1960.

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 13.62
1961 14.53
1962 15.07
1963 14.63
1964 15.31
1965 15.77
1966 15.91
1967 16.98
1968 16.13
1969 17.85
1970 17.59
1971 18.01
1972 17.32
1973 17.13
1974 20.34
1975 19.60
1976 18.06
1977 19.11
1978 19.86
1979 19.82
1980 20.01
1981 19.39
1982 20.56
1983 21.21
1984 21.28
1985 20.39
1986 19.90
1987 20.04
1988 21.39
1989 21.13
1990 22.21
1991 22.13
1992 24.14
1993 23.65
1994 24.23
1995 23.83
1996 24.23
1997 23.36
1998 23.58
1999 23.24
2000 24.01
2001 23.88
2002 24.78
2003 24.21
2004 25.07
2005 23.68
2006 23.42
2007 23.64
2008 22.08
2009 22.00
2010 21.78
2011 23.31
2012 23.11
2013 24.29
2014 23.15
2015 23.59
2016 23.34
2017 23.28
2018 24.01
2019 23.09
2020 23.22

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