Food, beverages and tobacco (% of value added in manufacturing)

This indicator captures the contribution of the food, beverages, and tobacco sectors to the overall value generated within the manufacturing industry, specifically pertaining to ISIC divisions 15 and 16. By assessing the value added in manufacturing, which is calculated as gross output minus the cost of intermediate inputs, this measure highlights the economic significance of these sectors in producing food products, alcoholic and non-alcoholic beverages, and tobacco goods. Analyzing this percentage not only reveals the viability and resilience of these industries within the broader economy but also offers insights into employment trends, market dynamics, and the potential impact of regulatory changes. Understanding this relationship helps stakeholders make informed decisions regarding investments, policies, and consumer behavior that can drive growth within these vital segments of manufacturing. Source: