Share of industry in gross value added and employment

 

Source

Institute of National Accounts (INA) & Eurostat

Definitions
 

Gross value added: the difference between the value of the goods and services sold in one year and the value of the goods and services used in the production process. In other words, it is the value that the production factors of labour and capital add to the used or intermediary goods and services.

This is ‘gross’ value added, meaning that the use of fixed assets (i.e. depreciations) is included.
Basic prices are used for production price valuation. This means that the production does not include value added tax charged by the producer, nor any other product-related taxes, such as excise duties. It does however include product-related subsidies.

Employment: this implies employees and self-employed persons as defined in accordance with ESA 2010. Employees are persons who perform work based on an employment contract (whether or not formal) against remuneration in the service of another institutional unit in the country. Persons on the payroll are only classified as employees if they are not primarily self-employed. Self-employed persons are persons who work as owners or co-owners in a company without legal personality which is not considered a quasi-partnership. The self-employed also include non-paid family members, home workers whose income depends on the output of the production process for which they are responsible and workers who produce solely for their own consumption or investments.

Industry is defined as NACE rev.2 05-33 minus NACE 19 (coke and petroleum refining).

 

Remarks on quality

The ESA 2010 (European System of Accounts) ensures a similar compilation of the aggregate across Member States. The data for the latest years may be revised due to the availability of new statistical information (from annual reports, information from relevant actors, etc.) and alignment with the national accounts, which may also be revised.
 

References

Institute of National Accounts (INR): Regional accounts

Eurostat: National Accounts – detailed breakdowns
 

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