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

Industry, value added (% of GDP) in South Asia was 23.53 as of 2020. Its highest value over the past 60 years was 29.49 in 2008, while its lowest value was 18.23 in 1967.

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 18.99
1961 19.46
1962 20.19
1963 20.27
1964 19.95
1965 20.41
1966 19.57
1967 18.23
1968 18.95
1969 19.78
1970 20.00
1971 20.62
1972 20.85
1973 20.51
1974 21.50
1975 21.15
1976 23.11
1977 23.41
1978 23.77
1979 24.48
1980 24.54
1981 24.81
1982 24.85
1983 25.14
1984 25.47
1985 25.35
1986 25.60
1987 25.63
1988 25.60
1989 26.15
1990 26.23
1991 25.40
1992 25.74
1993 25.76
1994 26.54
1995 27.14
1996 26.53
1997 26.49
1998 26.23
1999 25.65
2000 25.54
2001 25.00
2002 25.97
2003 25.89
2004 27.48
2005 27.91
2006 29.07
2007 29.29
2008 29.49
2009 29.33
2010 29.13
2011 28.67
2012 28.16
2013 27.27
2014 26.67
2015 26.30
2016 25.68
2017 25.59
2018 25.57
2019 24.10
2020 23.53

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