Ecuador: Value added by industry as percent of GDP
For that indicator, The World Bank provides data for Ecuador from 1960 to 2017. The average value for Ecuador during that period was 28.86 percent with a minumum of 21.67 percent in 1961 and a maximum of 37.92 percent in 2008.
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The importance of industry in the economy of Ecuador and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.
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.