Eritrea: Share of manufacturing
* indicates monthly or quarterly data series
Eritrea |
Value added by the manufacturing sector as percent of GDP |
---|---|
Latest value | 5.49 |
Year | 2009 |
Measure | percent |
Data availability | 1992 - 2009 |
Average | 7.87 |
Min - Max | 5.46 - 9.59 |
Source | The World Bank |
The latest value from 2009 is 5.49 percent, a decline from 6.52 percent in 2008. In comparison, the world average is 11.83 percent, based on data from 176 countries. Historically, the average for Eritrea from 1992 to 2009 is 7.87 percent. The minimum value, 5.46 percent, was reached in 2007 while the maximum of 9.59 percent was recorded in 1997.
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The importance of manufacturing in the economy of Eritrea and other countries is measured as the value added of manufacturing as percent of GDP. Manufacturing is part of the industrial sector of the economy.
Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Share of industry | 21.82 | 2009 | percent |
Share of manufacturing | 5.49 | 2009 | percent |
Industry value added | 0.41 | 2009 | billion U.S. dollars |
Manufacturing value added | 0.10 | 2009 | billion U.S. dollars |
Savings, percent of GDP | 15.82 | 2000 | percent |
Savings, in dollars | 0.11 | 2000 | billion U.S. dollars |