China - Industry, value added (% of GDP)

Industry, value added (% of GDP) in China was 37.82 as of 2020. Its highest value over the past 60 years was 48.06 in 1980, while its lowest value was 31.11 in 1968.

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 44.39
1961 31.93
1962 31.31
1963 33.07
1964 35.33
1965 35.09
1966 37.88
1967 33.89
1968 31.11
1969 35.42
1970 40.27
1971 41.92
1972 42.77
1973 42.82
1974 42.43
1975 45.36
1976 45.04
1977 46.70
1978 47.71
1979 46.95
1980 48.06
1981 45.97
1982 44.62
1983 44.23
1984 42.93
1985 42.71
1986 43.51
1987 43.32
1988 43.52
1989 42.50
1990 41.03
1991 41.49
1992 43.12
1993 46.18
1994 46.16
1995 46.75
1996 47.10
1997 47.10
1998 45.80
1999 45.36
2000 45.54
2001 44.79
2002 44.45
2003 45.62
2004 45.90
2005 47.02
2006 47.56
2007 46.88
2008 46.97
2009 45.96
2010 46.50
2011 46.53
2012 45.42
2013 44.18
2014 43.09
2015 40.84
2016 39.58
2017 39.85
2018 39.69
2019 38.59
2020 37.82

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