Industry (including construction), value added (constant LCU)

This economic indicator encompasses the net output generated within various sectors categorized under the International Standard Industrial Classification (ISIC) revision 4, specifically divisions 05-43. It reflects the total value added from diverse activities such as mining, manufacturing, construction, and the provision of utilities like electricity, water, and gas. By calculating value added in constant local currency, the measure adjusts for inflation, thus providing a clearer picture of economic performance over time. Unlike traditional output measures, this indicator excludes depreciation of physical assets and does not factor in the depletion of natural resources, highlighting the real contribution of the industry to economic growth and sustainability in a given locality. Source: