Explanatory Notes on Main Statistical Indicators

Industrial Production Indices are classified according to tabulation categories, division and combination of division of the revised version of the International Standard Industrial Classification of All Economic Activities (ISIC) for mining, manufacturing and electricity, gas and water, excluding construction. The indices indicate trends in value added in constant US dollars. Each series is compiled by use of the Laspeyres. The base year is 1995.

Establishment is ideally a unit that engages, under a single ownership or control, in one, or predominantly one, kind of activity at a single location.

Number of Employees is defined as the total number of persons who worked in or for the establishment during the reference year. However, home workers are excluded.

Wages and Salaries Estimates of wages and salaries include all payments in cash or in kind made to “employees” during the reference year in relation to work done for the establishment. Payment include: (a)direct wages and salaries;(b)remuneration for time not worked; (c)bonuses and gratuities;(d)housing allowances and family allowances paid directly by the employer, and (e)payments in kind.

Output The measure of output normally used in the tables is the census concept that covers only activities of an industrial nature. it include:(a)the value of all products of the establishment; (b)the net change between the beginning and the end of the reference period in the value of work in progress and stocks of goods to be shipped in the same condition as received;(c)the value of industrial work done or industrial services rendered to others; (d)the value of goods shipped in the same condition as received less the amount paid for these goods; and(e)the value of fixed assets produced during the period by the unit for its own use. In the case of estimates compiled on a shipment basis, the net change in the value of stocks of finished goods between the beginning and the end of the reference period is also included.

Gross Fixed Capital Formation Estimates refer to the value of purchases and own account construction of fixed assets during the reference year less the value of corresponding sales. The fixed assets covered are those (whether new or used) with a productive life of one year or more. These assets, which are intended for the use of the establishment, including fixed assets made by the establishment, including fixed assets made by the establishment’s own labour force for its own use. Major additions, alterations and improvements to existing assets that extend their normal economic life or raise their productivity are also included.