South Asia - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in South Asia was 13.42 as of 2020. Its highest value over the past 60 years was 17.13 in 1995, while its lowest value was 12.23 in 1967.

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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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

See also:

Year Value
1960 13.59
1961 14.05
1962 14.58
1963 14.64
1964 14.04
1965 14.08
1966 13.32
1967 12.23
1968 12.67
1969 13.24
1970 13.42
1971 13.96
1972 14.19
1973 14.43
1974 15.49
1975 14.37
1976 15.33
1977 15.52
1978 16.03
1979 16.63
1980 16.21
1981 16.05
1982 15.73
1983 16.10
1984 16.20
1985 15.91
1986 15.81
1987 15.80
1988 15.68
1989 16.22
1990 16.08
1991 15.37
1992 15.54
1993 15.69
1994 16.43
1995 17.13
1996 16.78
1997 15.98
1998 15.45
1999 14.98
2000 14.94
2001 14.55
2002 14.90
2003 14.93
2004 15.24
2005 15.52
2006 16.63
2007 16.40
2008 16.70
2009 16.55
2010 16.52
2011 15.84
2012 15.61
2013 15.10
2014 14.95
2015 15.26
2016 14.86
2017 14.75
2018 14.70
2019 13.67
2020 13.42

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