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

Industry, value added (% of GDP) in Sri Lanka was 26.25 as of 2020. Its highest value over the past 60 years was 30.64 in 2006, while its lowest value was 19.99 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 20.69
1961 20.55
1962 21.09
1963 20.69
1964 20.39
1965 21.55
1966 20.32
1967 19.99
1968 21.46
1969 23.28
1970 24.18
1971 25.07
1972 24.56
1973 25.73
1974 25.34
1975 26.69
1976 27.38
1977 28.94
1978 27.53
1979 28.53
1980 29.92
1981 28.25
1982 26.52
1983 26.54
1984 26.50
1985 26.55
1986 26.96
1987 27.78
1988 27.03
1989 27.10
1990 26.33
1991 25.90
1992 25.89
1993 25.85
1994 26.40
1995 26.68
1996 26.57
1997 26.99
1998 27.62
1999 27.36
2000 27.32
2001 26.82
2002 28.01
2003 28.42
2004 28.62
2005 30.19
2006 30.64
2007 29.92
2008 29.37
2009 29.67
2010 26.64
2011 28.00
2012 30.13
2013 29.16
2014 28.30
2015 27.17
2016 27.82
2017 26.77
2018 26.26
2019 27.40
2020 26.25

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