Thailand | 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
Kingdom of Thailand
Records
63
Source
Thailand | Manufacturing, value added (% of GDP)
1960 12.53676604
1961 12.99299911
1962 14.04412573
1963 14.18072173
1964 13.86062511
1965 14.1717757
1966 13.64736619
1967 15.25989138
1968 15.25738269
1969 15.56062932
1970 15.94301172
1971 17.53585444
1972 18.40094059
1973 19.18055026
1974 19.16189005
1975 18.66139177
1976 19.68253978
1977 20.17348077
1978 20.01229034
1979 21.04133206
1980 21.51062261
1981 22.63978964
1982 21.32183956
1983 22.13240287
1984 22.90930765
1985 21.92124875
1986 23.87556951
1987 24.25477807
1988 25.83876034
1989 26.74830998
1990 27.203606
1991 28.24108711
1992 27.51715424
1993 26.17463978
1994 25.90148248
1995 26.20811198
1996 25.66599779
1997 26.46817301
1998 27.14785944
1999 28.17494832
2000 28.37544528
2001 27.82676748
2002 28.51503178
2003 29.58050295
2004 29.41896805
2005 29.61506806
2006 30.16807997
2007 30.58744967
2008 30.55473054
2009 29.46214007
2010 30.93047882
2011 28.99588092
2012 27.97278735
2013 27.58869075
2014 27.57350096
2015 27.3740712
2016 27.14423937
2017 27.01481548
2018 26.71283439
2019 25.62159641
2020 25.55368553
2021 27.17740165
2022 27.02069218

Thailand | 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
Kingdom of Thailand
Records
63
Source