South Africa - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in South Africa was 11.74 as of 2020. Its highest value over the past 60 years was 22.61 in 1981, while its lowest value was 11.74 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
1960 19.22
1961 19.84
1962 19.95
1963 20.61
1964 21.20
1965 21.97
1966 21.65
1967 21.00
1968 21.04
1969 21.37
1970 21.65
1971 20.90
1972 20.28
1973 20.51
1974 19.94
1975 21.66
1976 21.90
1977 20.06
1978 19.72
1979 20.50
1980 20.50
1981 22.61
1982 22.04
1983 21.92
1984 21.37
1985 20.17
1986 20.26
1987 20.71
1988 21.01
1989 21.38
1990 21.61
1991 21.06
1992 20.32
1993 21.39
1994 21.02
1995 21.25
1996 20.27
1997 19.91
1998 19.33
1999 18.53
2000 18.97
2001 19.04
2002 19.07
2003 18.50
2004 17.99
2005 17.37
2006 15.60
2007 15.44
2008 15.61
2009 14.51
2010 13.86
2011 12.86
2012 12.48
2013 12.37
2014 12.48
2015 12.52
2016 12.48
2017 12.51
2018 12.43
2019 12.33
2020 11.74

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