Medium and high-tech manufacturing value added (% manufacturing value added)

This indicator reflects the share of value generated by medium and high-technology industries within the broader manufacturing sector. By quantifying the contribution of these innovative sectors, it highlights the importance of advanced manufacturing in driving economic growth and productivity. A higher ratio signifies a nation's shift towards knowledge-intensive production, emphasizing research, development, and technological advancements. Analyzing this metric can provide insights into industrial competitiveness and the ability to adapt to global market trends. Additionally, it serves as a benchmark for policymakers aiming to promote sustainable economic development through fostering advanced manufacturing capabilities and enhancing workforce skills in technology-driven fields. Source: