Machinery and transport equipment (% of value added in manufacturing)

This indicator reflects the proportion of value generated in the manufacturing sector that is attributable to machinery and transport equipment, specifically within industries designated by ISIC major division D. By calculating value added as the gross output minus intermediate inputs, it provides insight into the sector's efficiency and technological intensity. Understanding this percentage enables policymakers and economists to assess the importance of advanced manufacturing capabilities and logistics in driving economic growth. This measure also highlights the contribution of specific industries—comprising motor vehicles, ships, and machinery—towards overall manufacturing performance, facilitating strategic decisions that aim to bolster competitiveness and innovation within the economy. Source: