- Name
- Manufacturing Value Added as a proportion of GDP and per capita.
- Indicator purpose
- Share of MVA in GDP reflects the role of manufacturing in the economy and a country’s national development.
- Abstract
- Manufacturing value added (MVA) as a proportion of gross domestic product (GDP) is a ratio between MVA and GDP, both reported in constant 2010 USD. The share of MVA in 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. One of the statistical uses of MVA per capita is classifying country groups according to the stage of industrial development.
- Contact organization / person
- Statistical Institute of Belize (SIB)
- Unit of measure
- Percentage (%)
- Other characteristics
- 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.
- 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.
- Disaggregation
- N/A
- Key statistical concepts
- This indicator can be calculated using the following:
MVA proportion to GDP = MVA / GDP * 100 and
MVA per capita = MVA / population.
- Recommended uses
- This indicator can be used to measure the contribution to the economy of each individual producer.
- Other comments
- 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/.
- Target 2030
- 2. Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry�s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries
