Industry, value added (constant LCU) - Oceania
Definition: 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. Data are in constant local currency.
Description: The map below shows how Industry, value added (constant LCU) varies by country in Oceania. 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 region is Australia, with a value of 446,199,000,000.00. The country with the lowest value in the region is Tuvalu, with a value of 2,846,400.00.
Source: World Bank national accounts data, and OECD National Accounts data files.
Base Period: varies by country
General Comments: Note: Data for OECD countries are based on ISIC, revision 4.