Textiles and clothing (% of value added in manufacturing)

This indicator reflects the contribution of the textiles and clothing sector to the overall value added in the manufacturing industry, highlighting its significance within the broader economic landscape. By calculating the difference between gross output and the value of intermediate inputs, it provides insights into the efficiency and profitability of these sectors, classified under ISIC divisions 17-19. Analyzing this metric allows for understanding trends in employment, investment, and production processes, as well as the sector's resilience to market fluctuations. Furthermore, it serves as a barometer for sustainability efforts, as shifts in value added can indicate evolving consumer preferences towards eco-friendly practices in manufacturing. Source: