Lesotho | Manufacturing, value added (current US$)

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 in current U.S. dollars. Development relevance: Firms typically use multiple processes to produce a product. For example, an automobile manufacturer engages in forging, welding, and painting as well as advertising, accounting, and other service activities. Collecting data at such a detailed level is not practical, nor is it useful to record production data at the highest level of a large, multiplant, multiproduct firm. The ISIC has therefore adopted as the definition of an establishment "an enterprise or part of an enterprise which independently engages in one, or predominantly one, kind of economic activity at or from one location . . . for which data are available . . ." (United Nations 1990). By design, this definition matches the reporting unit required for the production accounts of the United Nations System of National Accounts. The ISIC system is described in the United Nations' International Standard Industrial Classification of All Economic Activities, Third Revision (1990). The discussion of the ISIC draws on Ryten (1998). Limitations and exceptions: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products." Statistical concept and methodology: The data on manufacturing value added in U.S. dollars are from the World Bank's national accounts files and may differ from those UNIDO uses to calculate shares of value added by industry, in part because of differences in exchange rates. Thus value added in a particular industry estimated by applying the shares to total manufacturing value added will not match those from UNIDO sources. Classification of manufacturing industries accords with the United Nations International Standard Industrial Classification (ISIC) revision 3. Data prior to 2008 used revision 2, first published in 1948. Revision 3 was completed in 1989, and many countries now use it. But revision 2 is still widely used for compiling cross-country data. UNIDO has converted these data to accord with revision 3. Concordances matching ISIC categories to national classification systems and to related systems such as the Standard International Trade Classification are available.
Publisher
The World Bank
Origin
Kingdom of Lesotho
Records
63
Source
Lesotho | Manufacturing, value added (current US$)
1960
1961
1962
1963
1964 419999.83200007
1965 419999.83200007
1966 1119999.5520002
1967 2099999.1600003
1968 2379999.0480004
1969 2519998.9920004
1970 2939998.8240005
1971 3355624.9362082
1972 3642394.8746301
1973 5619928.554857
1974 7064256.77396
1975 7572602.3247889
1976 7130001.7825004
1977 8280002.0700005
1978 11615002.903751
1979 22514468.132106
1980 33136714.627251
1981 35958404.558405
1982 18447416.505191
1983 27799569.158962
1984 27175642.269214
1985 16452869.978799
1986 25229843.608317
1987 31527435.950203
1988 45025265.365512
1989 47536238.736223
1990 56801687.923532
1991 60544161.024729
1992 72676571.713884
1993 79516130.710442
1994 77829209.096096
1995 89684443.56832
1996 83993786.035979
1997 101815075.73196
1998 101415701.50882
1999 101494888.93006
2000 120857087.52436
2001 169381491.67741
2002 190513945.54864
2003 262387436.78078
2004 348010139.94675
2005 336221232.8095
2006 392853939.32762
2007 374100405.01805
2008 375087780.58648
2009 304764934.31303
2010 292411336.37531
2011 329716814.28119
2012 283734352.16756
2013 258951933.83907
2014 299043367.81706
2015 357092071.42824
2016 352328501.41312
2017 351471535.78772
2018 425137355.30938
2019 411671111.32582
2020 335741220.43696
2021 398614815.20878
2022 352061832.7927

Lesotho | Manufacturing, value added (current US$)

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 in current U.S. dollars. Development relevance: Firms typically use multiple processes to produce a product. For example, an automobile manufacturer engages in forging, welding, and painting as well as advertising, accounting, and other service activities. Collecting data at such a detailed level is not practical, nor is it useful to record production data at the highest level of a large, multiplant, multiproduct firm. The ISIC has therefore adopted as the definition of an establishment "an enterprise or part of an enterprise which independently engages in one, or predominantly one, kind of economic activity at or from one location . . . for which data are available . . ." (United Nations 1990). By design, this definition matches the reporting unit required for the production accounts of the United Nations System of National Accounts. The ISIC system is described in the United Nations' International Standard Industrial Classification of All Economic Activities, Third Revision (1990). The discussion of the ISIC draws on Ryten (1998). Limitations and exceptions: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products." Statistical concept and methodology: The data on manufacturing value added in U.S. dollars are from the World Bank's national accounts files and may differ from those UNIDO uses to calculate shares of value added by industry, in part because of differences in exchange rates. Thus value added in a particular industry estimated by applying the shares to total manufacturing value added will not match those from UNIDO sources. Classification of manufacturing industries accords with the United Nations International Standard Industrial Classification (ISIC) revision 3. Data prior to 2008 used revision 2, first published in 1948. Revision 3 was completed in 1989, and many countries now use it. But revision 2 is still widely used for compiling cross-country data. UNIDO has converted these data to accord with revision 3. Concordances matching ISIC categories to national classification systems and to related systems such as the Standard International Trade Classification are available.
Publisher
The World Bank
Origin
Kingdom of Lesotho
Records
63
Source