Cyprus - Food, beverages and tobacco (% of value added in manufacturing)

The value for Food, beverages and tobacco (% of value added in manufacturing) in Cyprus was 35.17 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 42.19 in 2013 and a minimum value of 22.24 in 1979.

Definition: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Food, beverages, and tobacco correspond to ISIC divisions 15 and 16.

Source: United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.

See also:

Year Value
1963 38.75
1964 40.96
1965 41.85
1966 42.19
1967 39.99
1968 37.74
1969 37.90
1970 35.38
1971 34.80
1972 31.92
1973 30.84
1974 34.58
1975 30.39
1976 27.98
1977 25.70
1978 23.40
1979 22.24
1980 28.20
1981 27.81
1982 28.03
1983 28.49
1984 28.51
1985 27.52
1986 29.04
1987 28.16
1988 27.10
1989 27.56
1990 27.18
1991 26.86
1992 29.33
1993 30.23
1994 31.44
1995 32.07
1996 32.96
1997 34.23
1998 35.50
1999 36.52
2000 36.82
2001 38.32
2002 38.60
2003 38.95
2004 39.46
2005 39.43
2006 33.59
2007 31.25
2008 33.41
2009 36.90
2010 37.43
2011 36.66
2012 39.04
2013 42.19
2014 40.61
2015 39.12
2016 39.70
2017 36.60
2018 35.17
2019 35.17

Development Relevance: Firms typically use multiple processes to produce a product. For example, an automobile manufacturer engages in forging, welding, and painting as well as advertising, accounting, and other service activities. Collecting data at such a detailed level is not practical, nor is it useful to record production data at the highest level of a large, multiplant, multiproduct firm. The ISIC has therefore adopted as the definition of an establishment "an enterprise or part of an enterprise which independently engages in one, or predominantly one, kind of economic activity at or from one location . . . for which data are available . . ." (United Nations 1990). By design, this definition matches the reporting unit required for the production accounts of the United Nations System of National Accounts. The ISIC system is described in the United Nations' International Standard Industrial Classification of All Economic Activities, Third Revision (1990). The discussion of the ISIC draws on Ryten (1998).

Limitations and Exceptions: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Statistical Concept and Methodology: The data on the distribution of manufacturing value added by industry are provided by the United Nations Industrial Development Organization (UNIDO). UNIDO obtains the data from a variety of national and international sources, including the United Nations Statistics Division, the World Bank, the Organisation for Economic Co-operation and Development, and the International Monetary Fund. To improve comparability over time and across countries, UNIDO supplements these data with information from industrial censuses, statistics from national and international organizations, unpublished data that it collects in the field, and estimates by the UNIDO Secretariat. Nevertheless, coverage may be incomplete, particularly for the informal sector. When direct information on inputs and outputs is not available, estimates may be used, which may result in errors in industry totals. Moreover, countries use different reference periods (calendar or fiscal year) and valuation methods (basic or producer prices) to estimate value added.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts