South Africa | 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
Republic of South Africa
Records
63
Source
South Africa | Manufacturing, value added (current US$)
1744399302.2403 1960
1895599241.7603 1961
2031399187.4403 1962
2328199068.7204 1963
2637598944.9604 1964
2986198805.5205 1965
3207398717.0405 1966
3469198612.3206 1967
3756198497.5206 1968
4297998280.8007 1969
4778198088.7208 1970
5093559017.7527 1971
5193014406.9726 1972
7203595601.4692 1973
8800886564.2251 1974
9897120788.4161 1975
9610552402.6381 1976
9776152444.0381 1977
11049202762.301 1978
14163508597.746 1979
20390737949.293 1980
23159168576.276 1981
20717138078.643 1982
22972803159.501 1983
19811872617.82 1984
14284720742.145 1985
16398457439.546 1986
21986382342.526 1987
23971747128.176 1988
25378268082.574 1989
29928253973.898 1990
31284007800.631 1991
32778590848.432 1992
31480679196.828 1993
32262203622.96 1994
36488269615.959 1995
33083289656.178 1996
33649422868.505 1997
29568265288.107 1998
28070227649.34 1999
28784867305.069 2000
25781734127.787 2001
24619814117.538 2002
36452669387.973 2003
46019188388.674 2004
50177910276.054 2005
47388354318.931 2006
51433518064.714 2007
49343951555.357 2008
47840073998.599 2009
57844846256.54 2010
58932565239.139 2011
54224447021.279 2012
49576674421.256 2013
47576330742.134 2014
43400939046.484 2015
40395264202.382 2016
47729562999.196 2017
50483463261.799 2018
48280393963.511 2019
39768237474.507 2020
50087876348.469 2021
49714380927.06 2022
South Africa | 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
Republic of South Africa
Records
63
Source