Austria - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Austria was 16.26 as of 2020. Its highest value over the past 44 years was 22.25 in 1976, while its lowest value was 16.26 in 2020.

Definition: 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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1976 22.25
1977 21.63
1978 21.99
1979 21.35
1980 21.20
1981 20.75
1982 20.14
1983 20.06
1984 19.69
1985 20.02
1986 20.01
1987 19.41
1988 19.50
1989 19.40
1990 19.58
1991 19.17
1992 18.48
1993 17.46
1994 17.36
1995 17.91
1996 17.63
1997 17.80
1998 17.73
1999 17.89
2000 18.21
2001 18.34
2002 17.73
2003 17.45
2004 17.34
2005 17.41
2006 17.82
2007 18.15
2008 17.42
2009 16.36
2010 16.48
2011 16.60
2012 16.71
2013 16.50
2014 16.56
2015 16.69
2016 17.05
2017 16.84
2018 16.83
2019 16.54
2020 16.26

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.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts