Value added by the manufacturing sector as percent of GDP
The World Bank
For that indicator, we provide data for Euro area from 1991 to 2021. The average value for Euro area during that period was 16.09 percent with a minimum of 13.64 percent in 2009 and a maximum of 19.73 percent in 1991.
The latest value from 2021 is 14.72 percent. For comparison, the world average in 2021 based on 124
countries is 13.04 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The importance of manufacturing in the economy of Euro area 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.