Indicator Definition:
Manufacturing refers to industries belonging to ISIC divisions 15-37. 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. Data are in constant local currency.
The indicator "Manufacturing, value added (constant LCU)" stands at 3.53 Billion as of 12/31/2024, the lowest value since 12/31/1977.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -10.08 percent compared to the value the year prior.
The 1 year change in percent is -10.08.
The 3 year change in percent is -21.91.
The 5 year change in percent is -43.81.
The 10 year change in percent is -47.90.
| Measure | Realization |
| Indicator Name: | Manufacturing, value added (constant LCU) |
| Indicator Source: | World Bank national accounts data, and OECD National Accounts data files. | macro-rankings.com |
| Indicator Description: | Manufacturing refers to industries belonging to ISIC divisions 15-37. 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. Data are in constant local currency. |
| Observations Date: | 12/31/1970 |