Tag Archive | Value Added

In order to get some sense of which high-tech industries have a more relevant role in the growth of a country, I compile the following table with data gathered from the United Nations Industrial Development Organization. Although is a reduced sample for only the United States, it can be observed that the industry of medical, precision and optical instruments (ISIC code 3300) and the pharmaceutical industry (ISIC code 2423) added more value than computers and telecommunications industries year by year. The United Nations define value added as:

“the value of output less the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector.”

INDSTAT4-Rev.3 contains time series data on five selected data items for the period covering 2006 – 2010. The data are arranged at the 3- and 4-digit level of ISIC (Revision 3) pertaining to the manufacturing sector, which comprises 151 manufacturing categories

[1] INDSTAT4-Rev.3, 2011. United Nations Industrial Development Organization.