United Kingdom: Value added by industry as percent of GDP
For that indicator, The World Bank provides data for the United Kingdom from 1990 to 2018. The average value for the United Kingdom during that period was 21.2 percent with a minumum of 17.62 percent in 2016 and a maximum of 27.9 percent in 1990.
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The importance of industry in the economy of the United Kingdom 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.