Manufacturing, value added (% of GDP)

This indicator highlights the contribution of the manufacturing sector to a nation’s overall economic activity, measured as a percentage of Gross Domestic Product (GDP). Encompassing industries defined by ISIC divisions 15 to 37, the value added reflects the net output generated by these sectors after accounting for all outputs while deducting the costs of intermediate goods and services used in production. It's important to note that this calculation excludes adjustments for depreciation of capital or the environmental impact of resource depletion. By utilizing gross value added at factor cost for VAB countries, this metric provides crucial insights into the efficiency and productivity of the manufacturing industry, serving as a barometer for economic health and industrial resilience. Understanding this integration can inform policy decisions and investment strategies aimed at enhancing manufacturing growth and sustainability. Source: