Thailand - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Thailand was 25.24 as of 2020. Its highest value over the past 60 years was 30.93 in 2010, while its lowest value was 12.54 in 1960.

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 12.54
1961 12.99
1962 14.04
1963 14.18
1964 13.86
1965 14.17
1966 13.65
1967 15.26
1968 15.26
1969 15.56
1970 15.94
1971 17.54
1972 18.40
1973 19.18
1974 19.16
1975 18.66
1976 19.68
1977 20.17
1978 20.01
1979 21.04
1980 21.51
1981 22.64
1982 21.32
1983 22.13
1984 22.91
1985 21.92
1986 23.88
1987 24.25
1988 25.84
1989 26.75
1990 27.20
1991 28.24
1992 27.52
1993 26.17
1994 25.90
1995 26.21
1996 25.67
1997 26.47
1998 27.15
1999 28.17
2000 28.38
2001 27.83
2002 28.52
2003 29.58
2004 29.42
2005 29.62
2006 30.17
2007 30.59
2008 30.55
2009 29.46
2010 30.93
2011 29.00
2012 27.97
2013 27.59
2014 27.57
2015 27.37
2016 27.14
2017 27.01
2018 26.72
2019 25.63
2020 25.24

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