Bangladesh - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Bangladesh was 29.54 as of 2020. Its highest value over the past 60 years was 29.65 in 2019, while its lowest value was 6.06 in 1972.

Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 or 4.

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

See also:

Year Value
1960 6.97
1961 6.79
1962 7.96
1963 7.80
1964 10.42
1965 10.72
1966 10.32
1967 8.10
1968 9.26
1969 9.19
1970 8.73
1971 7.68
1972 6.06
1973 12.11
1974 13.37
1975 11.61
1976 14.45
1977 16.73
1978 14.31
1979 15.69
1980 20.12
1981 19.81
1982 20.04
1983 20.87
1984 21.43
1985 20.32
1986 20.38
1987 19.60
1988 19.94
1989 19.79
1990 20.15
1991 21.12
1992 21.72
1993 22.93
1994 23.47
1995 23.58
1996 21.68
1997 21.86
1998 22.66
1999 22.38
2000 22.28
2001 22.58
2002 22.84
2003 22.47
2004 22.78
2005 23.30
2006 24.10
2007 24.50
2008 24.73
2009 25.30
2010 24.96
2011 25.05
2012 25.31
2013 26.31
2014 26.31
2015 26.83
2016 27.35
2017 27.75
2018 28.54
2019 29.65
2020 29.54

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