Mexico - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Mexico was 29.68 as of 2020. Its highest value over the past 55 years was 34.76 in 2008, while its lowest value was 25.65 in 1965.

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
1965 25.65
1966 26.24
1967 26.97
1968 27.41
1969 27.91
1970 30.60
1971 29.64
1972 29.79
1973 29.66
1974 30.85
1975 30.53
1976 30.37
1977 30.96
1978 30.81
1979 31.18
1980 27.93
1981 27.23
1982 26.38
1983 29.01
1984 28.63
1985 28.24
1986 28.70
1987 30.21
1988 29.74
1989 27.13
1990 26.15
1991 25.75
1992 25.73
1993 32.48
1994 32.14
1995 32.69
1996 33.95
1997 34.20
1998 33.88
1999 34.12
2000 34.21
2001 33.22
2002 32.71
2003 31.19
2004 32.85
2005 32.78
2006 34.20
2007 33.84
2008 34.76
2009 31.89
2010 32.36
2011 33.56
2012 33.78
2013 31.86
2014 31.49
2015 29.99
2016 29.64
2017 30.95
2018 31.15
2019 30.83
2020 29.68

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