Upper middle income - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Upper middle income was 33.92 as of 2020. Its highest value over the past 60 years was 39.33 in 1989, while its lowest value was 29.69 in 1962.

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 37.83
1961 30.67
1962 29.69
1963 33.18
1964 32.76
1965 32.96
1966 33.80
1967 31.72
1968 31.17
1969 32.97
1970 34.53
1971 35.52
1972 35.66
1973 35.60
1974 36.28
1975 37.06
1976 37.28
1977 37.92
1978 37.14
1979 38.23
1980 38.49
1981 36.31
1982 37.23
1983 37.65
1984 37.59
1985 37.44
1986 37.98
1987 38.10
1988 38.26
1989 39.33
1990 38.92
1991 35.64
1992 34.84
1993 35.53
1994 35.62
1995 32.94
1996 33.20
1997 33.47
1998 32.90
1999 33.79
2000 34.39
2001 34.19
2002 34.56
2003 34.64
2004 35.27
2005 35.64
2006 36.10
2007 35.83
2008 36.49
2009 35.78
2010 36.24
2011 36.80
2012 36.48
2013 35.88
2014 35.62
2015 34.93
2016 34.14
2017 34.40
2018 35.07
2019 34.32
2020 33.92

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