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

Definition: Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 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.

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 Dominica 33.05 2018
2 Turkmenistan 22.16 2006
3 Liberia 20.00 2018
4 Greenland 19.96 2018
5 Antigua and Barbuda 19.44 2018
6 Montenegro 15.32 2018
7 Cyprus 13.97 2018
8 Ethiopia 12.22 2018
9 Dem. Rep. Congo 12.08 2018
10 Bangladesh 12.06 2018
11 Cambodia 11.62 2018
12 Djibouti 10.76 2018
13 Guinea 10.73 2018
14 Tanzania 10.68 2017
15 Ghana 10.56 2018
16 Uzbekistan 10.39 2018
17 Tajikistan 10.36 2018
18 Rwanda 10.34 2018
19 Japan 10.13 2017
20 Grenada 9.90 2018
21 Ireland 9.69 2018
22 Nepal 9.59 2018
23 Slovak Republic 9.31 2018
24 Albania 9.12 2018
25 Estonia 8.91 2018
26 Vietnam 8.85 2018
27 Myanmar 8.24 2018
28 Zimbabwe 8.21 2018
29 Cabo Verde 8.05 2018
30 Madagascar 8.03 2018
31 Congo 7.88 2018
32 Lao PDR 7.81 2018
33 Dominican Republic 7.80 2018
34 Tonga 7.76 2016
35 Mongolia 7.36 2018
36 Côte d'Ivoire 7.13 2018
37 Burkina Faso 7.03 2018
38 India 6.86 2018
39 Philippines 6.70 2018
40 Egypt 6.42 2018
41 Kyrgyz Republic 6.21 2018
42 Benin 6.16 2018
43 Iceland 6.14 2016
44 Uganda 6.12 2018
45 Senegal 6.04 2018
46 Latvia 6.03 2018
47 Luxembourg 6.01 2018
48 Botswana 5.88 2018
49 China 5.83 2018
50 Tuvalu 5.48 2015
51 Kenya 5.34 2018
52 Guyana 5.15 2018
53 Belarus 5.08 2018
54 Guinea-Bissau 5.00 2018
55 Pakistan 4.92 2018
56 Singapore 4.90 2018
57 Austria 4.85 2018
58 Jamaica 4.78 2018
59 Papua New Guinea 4.65 2017
60 Denmark 4.52 2018
61 Lithuania 4.46 2018
62 Honduras 4.46 2018
63 Kazakhstan 4.46 2018
64 Fiji 4.43 2018
65 Poland 4.43 2018
66 Indonesia 4.34 2018
67 Zambia 4.33 2018
68 Namibia 4.32 2018
69 Slovenia 4.28 2018
70 Chile 4.27 2018
71 Solomon Islands 4.16 2006
72 Mali 4.01 2018
73 Mozambique 3.93 2018
74 Netherlands 3.91 2018
75 Lebanon 3.88 2018
76 Switzerland 3.84 2018
77 Bosnia and Herzegovina 3.75 2018
78 Romania 3.73 2018
79 Cayman Islands 3.71 2017
80 Australia 3.54 2018
81 Costa Rica 3.53 2018
82 Malaysia 3.25 2018
83 Niger 3.21 2018
84 Vanuatu 3.18 2014
85 Armenia 3.15 2018
86 Moldova 3.10 2018
87 Cameroon 3.10 2018
88 Iran 3.04 2017
89 Morocco 3.01 2018
90 Israel 3.01 2018
91 Barbados 2.98 2016
92 Suriname 2.97 2018
93 Hungary 2.97 2018
94 Palau 2.97 2018
95 St. Vincent and the Grenadines 2.94 2018
96 Peru 2.88 2018
97 Russia 2.87 2018
98 El Salvador 2.86 2018
99 Guatemala 2.80 2018
100 Serbia 2.78 2018
101 Greece 2.73 2018
102 Saudi Arabia 2.71 2018
103 Thailand 2.71 2018
104 Portugal 2.65 2018
105 Panama 2.64 2018
106 Mauritius 2.60 2018
107 Sweden 2.57 2018
108 Cuba 2.52 2018
109 The Gambia 2.52 2018
110 Korea 2.48 2018
111 Bhutan 2.41 2017
112 Burundi 2.40 2018
113 Bahrain 2.34 2018
114 New Zealand 2.31 2017
115 Bolivia 2.28 2018
116 North Macedonia 2.21 2018
117 Malawi 2.20 2017
118 Italy 2.03 2018
119 United Arab Emirates 1.98 2018
120 Nigeria 1.94 2018
121 Lesotho 1.91 2018
122 Ukraine 1.90 2018
123 United States 1.76 2017
124 Comoros 1.70 2018
125 Haiti 1.69 2018
126 Togo 1.65 2018
127 Germany 1.59 2018
128 Central African Republic 1.52 2018
129 Paraguay 1.51 2018
130 Afghanistan 1.44 2018
131 Bulgaria 1.43 2018
132 Czech Republic 1.41 2018
133 Qatar 1.29 2018
134 Jordan 1.27 2018
135 Colombia 1.24 2018
136 Spain 1.21 2018
137 São Tomé and Principe 1.17 2018
138 Canada 1.07 2018
139 Algeria 0.93 2018
140 Sri Lanka 0.93 2018
141 Uruguay 0.74 2018
142 Finland 0.66 2018
143 Chad 0.60 2018
144 Brazil 0.56 2018
145 Mexico 0.47 2018
146 Turkey 0.37 2018
147 The Bahamas 0.30 2018
148 Hong Kong SAR, China 0.29 2018
149 Georgia 0.21 2018
150 Croatia 0.20 2018
151 Kuwait 0.19 2018
152 France 0.11 2018
153 Tunisia -0.02 2018
154 South Africa -0.13 2018
155 Eswatini -0.17 2018
156 Eritrea -0.24 2009
157 United Kingdom -0.32 2018
158 Ecuador -0.36 2018
159 Brunei -0.36 2018
160 Belgium -0.39 2018
161 Azerbaijan -0.71 2018
162 Gabon -0.72 2018
163 Norway -0.79 2018
164 Somalia -0.82 1990
165 Nicaragua -0.85 2018
166 Oman -0.95 2018
167 Belize -1.34 2018
168 Trinidad and Tobago -1.45 2018
169 Angola -1.65 2017
170 Sudan -1.70 2018
171 Seychelles -2.22 2017
172 Iraq -2.27 2018
173 Yemen -2.29 2018
174 Sierra Leone -2.46 2018
175 Syrian Arab Republic -2.63 2002
176 Argentina -3.13 2018
177 Monaco -3.16 2014
178 St. Kitts and Nevis -4.89 2018
179 Mauritania -8.56 2018
180 St. Lucia -11.25 2018
181 Equatorial Guinea -11.80 2018
182 Macao SAR, China -12.35 2018
183 Samoa -13.04 2018
184 Kiribati -15.78 2017
185 Nauru -17.08 2015
186 Timor-Leste -17.25 2017
187 Venezuela -30.67 2018

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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.