Late-demographic dividend | Industry (including construction), value added (current US$)
Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). 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 4. Data are in current U.S. dollars. 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
Late-demographic dividend
Records
63
Source
Late-demographic dividend | Industry (including construction), value added (current US$)
105932062682.54 1960
69371921520.527 1961
67271871562.807 1962
74984727757.616 1963
91776181204.509 1964
106151497721.52 1965
122053214155.98 1966
110423185818.58 1967
103931141951.11 1968
128235904097.81 1969
160228430202.92 1970
179502597945.54 1971
207225296653.15 1972
259591031787.66 1973
287343160236.38 1974
318123643925.13 1975
326300163585.23 1976
387342197204.32 1977
465481872133.41 1978
571842078591.87 1979
709338760918.44 1980
683962953580.06 1981
640377629897.83 1982
664800972013.23 1983
675805466651.42 1984
658305250440.28 1985
630267084117.75 1986
698676364926.26 1987
814711200014.43 1988
886477074038.82 1989
840690714830.5 1990
829125417082.42 1991
851838730699.85 1992
959879451328.01 1993
976066330651.98 1994
1065922643656.6 1995
1171316250530.8 1996
1228697143307.9 1997
1160937700281.2 1998
1106062175235.6 1999
1247913439745.9 2000
1295760252952.9 2001
1371014638313.1 2002
1586673267649.5 2003
1939917659410.1 2004
2361877725896.5 2005
2868387167747.1 2006
3560231118356.3 2007
4461519481109.4 2008
4270546008831.8 2009
5212641745059.1 2010
6400870446205.4 2011
6807453261594.6 2012
7175262638266.4 2013
7370010540917 2014
6783885095259.3 2015
6597642552746.5 2016
7348125323642.5 2017
8208425261432.4 2018
8167900840682.6 2019
7889942039409 2020
9819963498831.5 2021
10465435845349 2022
Late-demographic dividend | Industry (including construction), value added (current US$)
Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). 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 4. Data are in current U.S. dollars. 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
Late-demographic dividend
Records
63
Source