Industry (including construction), value added (% of GDP)

This economic indicator encompasses a wide array of sectors identified by the International Standard Industrial Classification (ISIC), specifically divisions 05-43, highlighting the critical role of industry in economic development. It integrates value generated from mining and manufacturing—often considered the backbone of industrial economies—as well as construction, electricity, water supply, and gas services. By calculating value added, which represents the sector's net output after adjusting for intermediate inputs, this metric captures the true contribution of industrial activities to a nation’s economic landscape. Notably, it is measured without accounting for asset depreciation or the depletion of natural resources, making it a vital gauge for assessing economic performance and sector health for VAB countries. Source: