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 92.37 2018
2 Timor-Leste 37.03 2017
3 Slovak Republic 16.61 2018
4 Sudan 16.33 2011
5 Mongolia 15.66 2018
6 Cabo Verde 14.43 2018
7 Djibouti 13.87 2018
8 Bangladesh 13.40 2018
9 Vietnam 12.98 2018
10 Gabon 11.71 2018
11 Angola 11.64 2016
12 Armenia 11.10 2018
13 Rwanda 10.72 2018
14 Myanmar 10.26 2017
15 Côte d'Ivoire 9.87 2018
16 Ireland 9.61 2018
17 Grenada 9.44 2018
18 Guinea 9.25 2018
19 Cambodia 9.19 2018
20 Nepal 9.17 2018
21 Montenegro 9.00 2018
22 Tanzania 8.24 2017
23 St. Kitts and Nevis 7.91 2018
24 Estonia 7.20 2018
25 Singapore 7.03 2018
26 India 6.94 2018
27 St. Vincent and the Grenadines 6.91 2018
28 Azerbaijan 6.91 2018
29 Benin 6.78 2018
30 Antigua and Barbuda 6.45 2018
31 Albania 6.44 2018
32 Uzbekistan 6.26 2018
33 Lao PDR 6.23 2018
34 Dominican Republic 6.21 2018
35 Bulgaria 6.10 2017
36 Qatar 6.09 2018
37 Iraq 5.90 2016
38 Macao SAR, China 5.80 2018
39 Peru 5.70 2018
40 North Macedonia 5.62 2018
41 Cyprus 5.58 2018
42 Ethiopia 5.54 2018
43 Bolivia 5.52 2018
44 Bhutan 5.50 2017
45 Pakistan 5.43 2018
46 Belarus 5.42 2018
47 Romania 5.37 2018
48 Iran 5.31 2017
49 Austria 5.10 2018
50 Kyrgyz Republic 5.00 2018
51 Tajikistan 5.00 1999
52 Malaysia 4.95 2018
53 Philippines 4.93 2018
54 Madagascar 4.89 2018
55 Egypt 4.78 2018
56 Denmark 4.75 2018
57 Seychelles 4.70 2017
58 Netherlands 4.66 2018
59 Kazakhstan 4.50 2018
60 Senegal 4.41 2018
61 Indonesia 4.27 2018
62 Kenya 4.22 2018
63 Ghana 4.14 2018
64 Georgia 4.10 2018
65 Zambia 4.07 2018
66 Solomon Islands 3.94 2006
67 St. Lucia 3.94 2018
68 Switzerland 3.93 2018
69 Chile 3.90 2018
70 Honduras 3.84 2018
71 Lithuania 3.83 2018
72 Paraguay 3.73 2018
73 Japan 3.70 2017
74 Papua New Guinea 3.69 2017
75 São Tomé and Principe 3.62 2018
76 Cameroon 3.59 2018
77 Morocco 3.58 2018
78 Korea 3.58 2018
79 Slovenia 3.57 2018
80 Botswana 3.56 2018
81 Kiribati 3.51 2017
82 Sierra Leone 3.50 2018
83 Guatemala 3.38 2018
84 Cayman Islands 3.30 2017
85 Sweden 3.05 2018
86 Thailand 2.99 2018
87 Sri Lanka 2.99 2018
88 Latvia 2.73 2018
89 Canada 2.66 2018
90 New Zealand 2.63 2017
91 Malawi 2.62 2017
92 Guinea-Bissau 2.59 2018
93 Costa Rica 2.51 2018
94 Lesotho 2.50 2018
95 Belize 2.44 2018
96 Togo 2.43 2018
97 United States 2.39 2017
98 El Salvador 2.36 2018
99 Italy 2.19 2018
100 Tuvalu 2.11 2011
101 Saudi Arabia 2.10 2018
102 Nigeria 2.09 2018
103 Australia 2.08 2018
104 Greece 1.97 2018
105 United Arab Emirates 1.94 2018
106 Bahrain 1.88 2018
107 Niger 1.87 2018
108 Uruguay 1.87 2018
109 Lebanon 1.85 2018
110 Mexico 1.83 2018
111 Israel 1.82 2018
112 Burkina Faso 1.78 2018
113 Colombia 1.76 2018
114 Uganda 1.67 2018
115 Mozambique 1.65 2018
116 Poland 1.63 2018
117 Russia 1.63 2018
118 Czech Republic 1.60 2018
119 Serbia 1.60 2018
120 Bosnia and Herzegovina 1.59 2018
121 Portugal 1.58 2018
122 Germany 1.49 2018
123 Fiji 1.46 2018
124 Jordan 1.44 2018
125 Brazil 1.35 2018
126 Zimbabwe 1.29 2018
127 Hong Kong SAR, China 1.27 2018
128 Burundi 1.21 2016
129 Tonga 1.21 2016
130 Moldova 1.19 2018
131 Haiti 1.16 2018
132 Turkey 1.07 2018
133 Nicaragua 1.06 2018
134 Guyana 1.01 2018
135 Yemen 1.00 2014
136 South Africa 0.96 2018
137 Norway 0.90 2018
138 Palau 0.89 2018
139 Jamaica 0.88 2018
140 Dem. Rep. Congo 0.78 2018
141 Afghanistan 0.75 2017
142 Hungary 0.74 2018
143 Vanuatu 0.73 2014
144 Panama 0.69 2018
145 Spain 0.67 2018
146 Mauritius 0.65 2018
147 Tunisia 0.58 2018
148 Ukraine 0.57 2018
149 Suriname 0.42 2018
150 Trinidad and Tobago 0.29 2018
151 The Gambia 0.28 2018
152 Namibia 0.15 2018
153 Syrian Arab Republic 0.08 2002
154 France 0.08 2018
155 United Kingdom 0.08 2018
156 Finland 0.01 2018
157 Somalia 0.00 1990
158 Ecuador -0.02 2018
159 Eswatini -0.39 2018
160 Eritrea -0.41 2009
161 Iceland -0.47 2016
162 Belgium -0.51 2018
163 Congo -0.52 2016
164 Brunei -0.59 2018
165 Croatia -0.79 2018
166 Luxembourg -0.86 2018
167 Central African Republic -0.91 2018
168 Cuba -0.92 2018
169 Barbados -1.35 2016
170 Liberia -1.60 2018
171 Chad -2.10 2016
172 Oman -2.29 2017
173 Algeria -2.59 2018
174 Argentina -5.00 2018
175 Kuwait -5.63 2018
176 Equatorial Guinea -10.32 2018
177 Mauritania -10.50 2018
178 Dominica -11.59 2018
179 The Bahamas -15.64 2018
180 Samoa -28.34 2018
181 Venezuela -39.30 2018
182 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.