Industry (including construction), value added (annual % growth)

This metric measures the annual percentage change in the net output generated by various sectors of industry, including construction, reflecting the extent of economic expansion or contraction on a local scale. Calculated using constant local currency and standardized against 2015 prices in U.S. dollars, it provides a clear picture of industrial performance across multiple domains, including mining, manufacturing, electricity, water, and gas. By utilizing the International Standard Industrial Classification (ISIC, revision 4), the measurement offers robust comparability across industries, highlighting shifts in productivity while excluding the effects of depreciation and resource depletion. This metric is essential for policymakers and economists to understand economic trends and develop informed strategies for sustainable industry growth. Source: