Industry, value added (annual % growth)
Definition: Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. 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.
Description: The map below shows how Industry, value added (annual % growth) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Ghana, with a value of 41.18. The country with the lowest value in the world is Iraq, with a value of -37.70.
Source: World Bank national accounts data, and OECD National Accounts data files.