- Name
- Manufacturing value added as a percentage of GDP and per capita GDP (SDG 9.2.1)
- Indicator purpose
- is a ratio between manufacturing value added (MVA) and GDP, both reported in constant 2010 USD
- Abstract
- MVA is a widely used indicator by researchers and policy makers to assess the level of industrialization of a country. MVA as a percentage of GDP reflects the role of manufacturing in the economy and a country’s national development in general. MVA per capita is the basic indicator of a country’s level of industrialization adjusted for the size of the economy and is calculated by dividing MVA in constant 2010 USD by the population of a country or area.
- Contact organization / person
- Statistical Institute of Belize (SIB)
- Unit of measure
- Percentage
- Other characteristics
- MVA measures the total estimate of net-output of all resident manufacturing activity units obtained by adding up outputs and subtracting immediate inputs. In order to measure MVA, appropriate demarcation of the type of economic activity and of the territory in which the activity takes place is required.
- Classification used
- The gross value-added measures the contribution to the economy of each individual producer, industry or sector in a country. The gross value added generated by any unit engaged in production activity can be calculated as the residual of the units’ total output less intermediate consumption, goods and services used up in the process of producing the output, or as the sum of the factor incomes generated by the production process (System of National Accounts 2008). Manufacturing refers to industries belonging to the sector C defined by International Standard Industrial Classification of All Economic Activities (ISIC) Revision 4, or D defined by ISIC Revision 3. GDP represents the sum of gross value added from all institutional units resident in the economy. For the purpose on comparability over time and across countries MVA and GDP are estimated in terms of constant prices in USD. The current series are given at constant prices of 2010.
- Disaggregation
- No disaggregation available.
- Key statistical concepts
- MVA proportion to GDP = MVA/GDP*100
MVA per capita = MVA/population
- Recommended uses
- The indicator is used by researchers and policy makers to assess the level of industrialization of a country.
- Other comments
- The MVA and GDP country data are collected through a national accounts questionnaire (NAQ) sent by UNSD. All the metadata shown in this document was gathered from United Nation Statistics Division. The metadata was extracted from https://unstats.un.org/sdgs/metadata/.
- Baseline
- Manufacturing share of GDP 6.3% (2015)
- Target 2020
- Underlying sector changes in composition of economic activity assessed to reflect movements towards greater competitiveness of the country’s economic sectors
- Target 2030
- Underlying sector changes in composition of economic activity assessed to reflect a more competitive country operating at a more advanced stage of development.
