Manufacturing, value added (constant 2015 US$)

This indicator captures the economic contribution of manufacturing industries, classified under ISIC divisions 10-33, by measuring the net output generated within this sector. Value added reflects the true economic performance by accounting for all revenues produced while deducting the cost of intermediate goods and services utilized during production. Notably, this measure is expressed in constant 2015 U.S. dollars, allowing for consistent comparisons over time by removing the effects of inflation. It serves as a critical metric for understanding the manufacturing sector's role in economic development, highlighting its capacity for productivity enhancement and job creation, as well as offering insights into resource allocation and competitiveness on both domestic and global scales. Source: