Bangladesh | Manufacturing, value added (% of GDP)
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. 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.
Publisher
The World Bank
Origin
People's Republic of Bangladesh
Records
63
Source
Bangladesh | Manufacturing, value added (% of GDP)
5.3099108 1960
5.47058854 1961
5.44866514 1962
5.35933147 1963
5.51404872 1964
5.44547372 1965
5.99806408 1966
5.58290342 1967
6.1534382 1968
5.85106366 1969
5.80468283 1970
5.48521835 1971
3.98384815 1972
8.52176953 1973
9.25132372 1974
7.04227568 1975
9.28392298 1976
11.22620919 1977
9.91099605 1978
9.86145159 1979
14.4874848 1980
13.98206522 1981
13.9391494 1982
15.04367939 1983
15.6039256 1984
14.45807009 1985
14.22323064 1986
13.47380665 1987
13.42203116 1988
12.90563053 1989
13.23921855 1990
13.98712269 1991
14.39746369 1992
15.41253836 1993
15.86945466 1994
15.90000685 1995
14.00264514 1996
14.11978066 1997
14.85983116 1998
14.38909508 1999
14.03531575 2000
14.17835702 2001
14.31743755 2002
14.14546156 2003
14.44207319 2004
14.74399876 2005
15.30756218 2006
15.93407299 2007
16.12436697 2008
16.48018606 2009
16.12122836 2010
15.99673425 2011
15.91422067 2012
16.44201947 2013
16.61270766 2014
16.78867356 2015
20.3479481 2016
20.07506064 2017
20.80229829 2018
21.20794173 2019
20.59833159 2020
21.23567299 2021
21.76481936 2022
Bangladesh | Manufacturing, value added (% of GDP)
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. 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.
Publisher
The World Bank
Origin
People's Republic of Bangladesh
Records
63
Source