Manufacturing, value added (annual % growth) - Country Ranking

Definition: Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Greenland 40.78 2015
2 The Bahamas 25.48 2016
3 Lesotho 21.65 2016
4 Ethiopia 18.39 2016
5 Sudan 16.33 2011
6 Vietnam 11.90 2016
7 Bangladesh 11.69 2016
8 Slovak Republic 10.94 2016
9 Myanmar 9.32 2016
10 Bulgaria 8.98 2016
11 Tajikistan 8.92 2013
12 Dem. Rep. Congo 8.65 2016
13 Greece 8.53 2016
14 São Tomé and Principe 8.16 2016
15 Benin 8.16 2015
16 India 7.90 2016
17 Tanzania 7.78 2016
18 Palau 7.05 2016
19 Czech Republic 7.01 2016
20 Philippines 7.00 2016
21 Iran 6.86 2016
22 Uzbekistan 6.70 2016
23 Cambodia 6.61 2016
24 Rwanda 6.59 2016
25 Côte d'Ivoire 6.35 2016
26 Cyprus 6.27 2016
27 Samoa 6.22 2016
28 Bolivia 6.18 2016
29 United Arab Emirates 5.96 2016
30 Niger 5.96 2016
31 Iraq 5.90 2016
32 Cuba 5.84 2015
33 Croatia 5.75 2016
34 Latvia 5.56 2016
35 Costa Rica 5.50 2016
36 Kyrgyz Republic 5.39 2016
37 Denmark 5.38 2016
38 Paraguay 5.36 2016
39 Armenia 5.00 2016
40 Iceland 4.99 2015
41 Slovenia 4.89 2016
42 Bosnia and Herzegovina 4.82 2016
43 Sierra Leone 4.59 2016
44 Grenada 4.58 2016
45 Malaysia 4.44 2016
46 Dominican Republic 4.30 2016
47 Indonesia 4.29 2016
48 Poland 4.28 2016
49 Georgia 4.20 2016
50 Cameroon 4.01 2016
51 Cayman Islands 3.95 2012
52 Solomon Islands 3.94 2006
53 Mozambique 3.87 2016
54 Saudi Arabia 3.87 2016
55 Turkey 3.84 2016
56 St. Lucia 3.83 2016
57 Suriname 3.77 2016
58 Pakistan 3.66 2016
59 Singapore 3.60 2016
60 Ukraine 3.58 2016
61 Nicaragua 3.56 2016
62 Guatemala 3.55 2016
63 Spain 3.52 2016
64 Kenya 3.47 2016
65 Lithuania 3.46 2016
66 Namibia 3.38 2016
67 Bahrain 3.20 2015
68 Lao PDR 3.14 2016
69 Oman 3.14 2015
70 Netherlands 3.02 2016
71 Colombia 2.95 2016
72 Moldova 2.80 2016
73 Honduras 2.79 2016
74 Sweden 2.79 2016
75 Ireland 2.71 2016
76 Malawi 2.64 2016
77 Timor-Leste 2.44 2015
78 Bhutan 2.42 2016
79 Burkina Faso 2.40 2016
80 Djibouti 2.30 2006
81 Korea 2.29 2016
82 Serbia 2.16 2016
83 Germany 2.14 2016
84 St. Vincent and the Grenadines 2.14 2016
85 Central African Republic 2.12 2015
86 Tuvalu 2.11 2011
87 Togo 2.10 2016
88 Japan 2.08 2015
89 Ghana 2.00 2016
90 El Salvador 1.96 2016
91 Zambia 1.92 2016
92 Jamaica 1.91 2016
93 Kazakhstan 1.80 2016
94 Finland 1.80 2016
95 Switzerland 1.76 2016
96 Sri Lanka 1.75 2016
97 Austria 1.61 2016
98 France 1.50 2016
99 New Zealand 1.48 2015
100 United States 1.47 2015
101 Haiti 1.43 2016
102 Thailand 1.41 2016
103 Mexico 1.29 2016
104 Puerto Rico 1.24 2013
105 Burundi 1.21 2016
106 Tonga 1.21 2016
107 Italy 1.17 2016
108 Russia 1.15 2016
109 Jordan 1.15 2016
110 Gabon 1.14 2015
111 Lebanon 1.12 2016
112 Israel 1.11 2016
113 Romania 1.09 2016
114 Portugal 1.05 2016
115 Afghanistan 1.02 2016
116 The Gambia 1.00 2016
117 Botswana 0.80 2016
118 Morocco 0.79 2016
119 Egypt 0.76 2016
120 Vanuatu 0.73 2014
121 South Africa 0.67 2016
122 Uganda 0.59 2016
123 Canada 0.54 2016
124 Uruguay 0.44 2016
125 Belgium 0.35 2016
126 Mauritius 0.30 2016
127 Antigua and Barbuda 0.22 2016
128 Albania 0.15 2016
129 United Kingdom 0.13 2016
130 Hungary 0.08 2016
131 Syrian Arab Republic 0.08 2002
132 Belarus 0.05 2016
133 Comoros 0.00 2014
133 Somalia 0.00 1990
133 Kiribati 0.00 2013
136 Swaziland 0.00 2016
137 Tunisia -0.02 2015
138 Estonia -0.20 2016
139 Eritrea -0.41 2009
140 Hong Kong SAR, China -0.44 2016
141 Congo -0.52 2016
142 Senegal -0.68 2014
143 Brunei -0.73 2016
144 Papua New Guinea -0.77 2014
145 Chile -0.93 2016
146 Luxembourg -0.95 2016
147 Qatar -0.97 2016
148 Mauritania -0.97 2016
149 Ecuador -1.00 2016
150 Mongolia -1.25 2016
151 Barbados -1.35 2016
152 Azerbaijan -1.60 2016
153 Peru -1.65 2016
154 Fiji -1.88 2016
155 Chad -2.10 2016
156 Macedonia -2.24 2016
157 Cabo Verde -2.35 2006
158 Australia -2.65 2016
159 Panama -2.78 2016
160 Seychelles -3.46 2014
161 Zimbabwe -3.98 2016
162 Montenegro -4.11 2016
163 Norway -4.22 2016
164 Nigeria -4.32 2016
165 Liberia -4.80 2016
166 Kuwait -5.03 2016
167 Brazil -5.23 2016
168 Argentina -5.61 2016
169 Trinidad and Tobago -5.75 2016
170 Yemen -6.00 2016
171 Belize -6.50 2016
172 Venezuela -7.22 2014
173 Nepal -8.00 2016
174 St. Kitts and Nevis -8.37 2016
175 Guyana -9.54 2016
176 Madagascar -10.11 2009
177 Dominica -21.00 2016
178 Equatorial Guinea -33.39 2016
179 Nauru -44.08 2015

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Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

Limitations and Exceptions: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector. Even in large industries, where regular surveys are more likely, evasion of excise and other taxes and nondisclosure of income lower the estimates of value added. Such problems become more acute as countries move from state control of industry to private enterprise, because new firms and growing numbers of established firms fail to report. In accordance with the System of National Accounts, output should include all such unreported activity as well as the value of illegal activities and other unrecorded, informal, or small-scale operations. Data on these activities need to be collected using techniques other than conventional surveys of firms.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.