South Africa - Industry, value added (% of GDP)

Industry, value added (% of GDP) in South Africa was 23.42 as of 2020. Its highest value over the past 60 years was 45.28 in 1980, while its lowest value was 23.42 in 2020.

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 35.95
1961 36.17
1962 36.19
1963 36.31
1964 37.19
1965 38.07
1966 37.56
1967 35.88
1968 35.95
1969 36.23
1970 36.14
1971 34.57
1972 35.81
1973 37.75
1974 38.58
1975 39.24
1976 39.46
1977 38.31
1978 39.66
1979 42.48
1980 45.28
1981 42.68
1982 40.83
1983 41.45
1984 39.79
1985 39.98
1986 40.19
1987 38.19
1988 37.75
1989 36.77
1990 36.41
1991 35.10
1992 33.68
1993 31.93
1994 31.23
1995 30.98
1996 29.89
1997 29.25
1998 28.58
1999 27.67
2000 28.23
2001 28.53
2002 28.51
2003 26.89
2004 26.30
2005 26.02
2006 24.86
2007 25.29
2008 26.94
2009 25.74
2010 25.30
2011 24.84
2012 24.47
2013 24.55
2014 24.31
2015 23.73
2016 23.78
2017 23.61
2018 23.51
2019 23.58
2020 23.42

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