Sri Lanka - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Sri Lanka was 16.21 as of 2020. Its highest value over the past 60 years was 22.04 in 1977, while its lowest value was 13.12 in 1983.

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 16.36
1961 15.93
1962 16.57
1963 16.38
1964 16.21
1965 17.53
1966 16.01
1967 15.08
1968 16.12
1969 17.30
1970 16.08
1971 17.07
1972 17.00
1973 16.96
1974 18.27
1975 19.41
1976 18.61
1977 22.04
1978 18.97
1979 18.10
1980 16.61
1981 15.16
1982 13.71
1983 13.12
1984 13.59
1985 13.46
1986 13.86
1987 14.47
1988 14.10
1989 13.87
1990 13.40
1991 13.38
1992 13.95
1993 13.79
1994 13.90
1995 14.09
1996 14.68
1997 14.81
1998 14.83
1999 14.75
2000 15.05
2001 14.12
2002 19.11
2003 18.59
2004 18.72
2005 19.51
2006 19.23
2007 18.50
2008 17.95
2009 18.11
2010 18.05
2011 18.42
2012 19.44
2013 17.96
2014 16.97
2015 16.26
2016 16.38
2017 15.37
2018 15.43
2019 16.36
2020 16.21

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