Seychelles - Industry, value added (current US$)

The latest value for Industry, value added (current US$) in Seychelles was $145,284,100 as of 2020. Over the past 44 years, the value for this indicator has fluctuated between $211,113,100 in 2002 and $7,989,612 in 1976.

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. Data are in current U.S. dollars.

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

See also:

Year Value
1976 $7,989,612
1977 $8,922,750
1978 $11,808,760
1979 $19,233,650
1980 $23,044,610
1981 $27,363,750
1982 $23,075,020
1983 $23,154,300
1984 $25,004,010
1985 $31,005,000
1986 $37,203,780
1987 $39,124,940
1988 $46,753,390
1989 $48,213,540
1990 $59,922,430
1991 $67,702,720
1992 $78,720,780
1993 $89,047,580
1994 $94,900,900
1995 $115,206,100
1996 $119,479,300
1997 $137,079,000
1998 $157,180,600
1999 $169,022,000
2000 $178,427,700
2001 $174,767,400
2002 $211,113,100
2003 $193,382,300
2004 $124,158,500
2005 $150,695,300
2006 $165,042,700
2007 $166,215,900
2008 $151,178,500
2009 $118,875,700
2010 $135,969,400
2011 $146,097,100
2012 $150,991,700
2013 $167,642,300
2014 $163,225,700
2015 $162,849,700
2016 $156,029,100
2017 $169,265,500
2018 $176,106,200
2019 $186,453,800
2020 $145,284,100

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: 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