Field: Economic development and infrastructure
Subfield: Industry and entrepreneurship
Details:
This indicator measures the value added in industrial production (the value of final production minus the value of intermediate goods that have contributed to it), relative to the GDP over a fixed period (trimester, year). The indicator shows the contribution of industry to GDP, consequently a country’s industrial development. In recent years, in Romania the value added by industry to GDP is slightly on the decrease (in 1990 it was 50%, and in 2015 it dropped under 32.3%), in parallel with the decrease of industrial production relative to GDP (in 1980 Romanian industry accounted for 49.9% in GDP, dropping to just 23.3% in 2015). We are witnessing Romania’s deindustrialization as a consequence of both the decrease of the importance of industry to GDP, and the decrease of value added relative to GDP, which will lead to industrial marginalization, with irreversible effects.
Units: % of GDP
Source:
World Bank, variable Industry, value added (% of GDP)
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