Description: Manufacturing value added as a percentage of GDP and per capita GDP (current prices) (SDG 9.2.1) (%)
200920102011201220132014201520162017
8.8239.2219.65311.02710.36710.52310.2929.1339.793
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DATA IDENTIFICATION


Name
Manufacturing value added as a percentage of GDP and per capita GDP (SDG 9.2.1)
Indicator purpose

is a ratio between manufacturing value added (MVA) and GDP, both reported in constant 2010 USD

Abstract

MVA is a widely used indicator by researchers and policy makers to assess the level of industrialization of a country. MVA as a percentage of GDP reflects the role of manufacturing in the economy and a country’s national development in general. MVA per capita is the basic indicator of a country’s level of industrialization adjusted for the size of the economy and is calculated by dividing MVA in constant 2010 USD by the population of a country or area.

Data source

United Nations Industrial Development Organization (UNIDO)

Statistical Institute of Belize (SIB)

DATA CHARACTERISTICS



Contact organization person

Statistical Institute of Belize (SIB)

Date last updated
29-OCT-2019
Periodicity

Annual

Unit of measure

Percentage

Other characteristics

MVA measures the total estimate of net-output of all resident manufacturing activity units obtained by adding up outputs and subtracting immediate inputs. In order to measure MVA, appropriate demarcation of the type of economic activity and of the territory in which the activity takes place is required.

DATA CONCEPTS and CLASSIFICATIONS



Classification used

The gross value-added measures the contribution to the economy of each individual producer, industry or sector in a country. The gross value added generated by any unit engaged in production activity can be calculated as the residual of the units’ total output less intermediate consumption, goods and services used up in the process of producing the output, or as the sum of the factor incomes generated by the production process (System of National Accounts 2008). Manufacturing refers to industries belonging to the sector C defined by International Standard Industrial Classification of All Economic Activities (ISIC) Revision 4, or D defined by ISIC Revision 3. GDP represents the sum of gross value added from all institutional units resident in the economy. For the purpose on comparability over time and across countries MVA and GDP are estimated in terms of constant prices in USD. The current series are given at constant prices of 2010.

Disaggregation

No disaggregation available.

Key statistical concepts

MVA proportion to GDP = MVA/GDP*100

 MVA per capita = MVA/population

Formula
-
OTHER ASPECTS



Recommended uses

The indicator is used by researchers and policy makers to assess the level of industrialization of a country.

Limitations

Differences may appear due to different versions of System of National Accounts (SNA) or ISIC revisions used by countries.

Other comments

The MVA and GDP country data are collected through a national accounts questionnaire (NAQ) sent by UNSD. All the metadata shown in this document was gathered from United Nation Statistics Division. The metadata was extracted from https://unstats.un.org/sdgs/metadata/.