No disaggregated data found. Contact info@mail.sib.org.bz to add data.

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DATA IDENTIFICATION


Name
Proportion of medium and high-tech industry value added in total value added
Indicator purpose

The purpose of this indicator is to reflect impact of innovation; share of MHT sectors.

Abstract

The proportion of medium-high and high-tech industry (MHT hereafter) value added in total value added of manufacturing (MVA hereafter) is a ratio value between the value added of MHT industry and MVA. Industrial development generally entails a structural transition from resource-based and low technology activities to MHT activities. A modern, highly complex production structure offers better opportunities for skills development and technological innovation. MHT activities are also the high value addition industries of manufacturing with higher technological intensity and labour productivity. Increasing the share of MHT sectors also reflects the impact of innovation.

Data source

Statistical Institute of Belize (SIB)

DATA CHARACTERISTICS



Contact organization person

Statistical Institute of Belize (SIB)

Date last updated
07-OCT-2019
Periodicity

Annual

Unit of measure

Percentage (%)

Other characteristics

Technology classification is based on research and development (R&D) expenditure relative to value added otherwise referred as R&D intensity. Data for R&D intensity are presented in a report (GalindoRueda and Verger, 2016) published by the OECD in 2016, which also proposes a taxonomy for industry groups with different ranges of R&D expenditure relative to their gross value added. MHT industries have traditionally been defined exclusively to manufacturing industries. However, there have been recent efforts (Galindo-Rueda and Verger, 2016) to extend the definition to non-manufacturing industries as well. Nevertheless, medium-high and high technology sectors also in new paper are primarily represented by manufacturing industries.

DATA CONCEPTS and CLASSIFICATIONS



Classification used

The value added of an industry (industry value added) is a survey concept that refers to the given industry’s net output derived from the difference of gross output and intermediate consumption. Manufacturing sector is defined according to the International Standard Industrial Classification of all Economic Activities (ISIC) revision 3 (1990) or revision 4 (2008). It refers to industries belonging to sector D in revision 3 or sector C in revision 4.

Disaggregation

No disaggregation available.

Key statistical concepts

The indicator is calculated as the share of the sum of the value added from MHT economic activities divided by the MVA and multiplied by 100.

Formula
-
OTHER ASPECTS



Recommended uses

This indicator is used by the Statistical Institute of Belize to provide an overview of the development of technological industries in the country.

Limitations

Value added by economic activity should be reported at least at 3-digit ISIC for compiling MHT values.

Other comments

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/.