Togo - Manufacturing, value added (constant 2010 US$)

The latest value for Manufacturing, value added (constant 2010 US$) in Togo was 384,543,200 as of 2020. Over the past 44 years, the value for this indicator has fluctuated between 384,543,200 in 2020 and 44,924,560 in 1978.

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. Data are expressed constant 2010 U.S. dollars.

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

See also:

Year Value
1976 51,991,330
1977 53,000,980
1978 44,924,560
1979 48,962,770
1980 55,524,920
1981 57,974,550
1982 60,424,180
1983 55,933,190
1984 45,726,400
1985 50,217,390
1986 52,667,020
1987 53,075,290
1988 56,333,300
1989 65,847,200
1990 74,918,220
1991 78,829,460
1992 81,048,820
1993 50,304,360
1994 62,601,080
1995 77,865,940
1996 79,944,050
1997 82,225,060
1998 74,713,680
1999 74,713,680
2000 94,310,710
2001 102,209,300
2002 109,279,600
2003 99,540,500
2004 98,660,090
2005 105,518,800
2006 116,611,200
2007 119,099,500
2008 128,729,200
2009 114,621,500
2010 119,793,000
2011 128,657,700
2012 148,009,100
2013 149,532,500
2014 275,346,400
2015 284,591,800
2016 328,263,600
2017 340,631,400
2018 355,489,000
2019 377,963,200
2020 384,543,200

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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: Gap-filled total

Base Period: 2010

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