Liberia: Share of manufacturing
* indicates monthly or quarterly data series
Liberia |
Value added by the manufacturing sector as percent of GDP |
---|---|
Latest value | 2.28 |
Year | 2011 |
Measure | percent |
Data availability | 2000 - 2011 |
Average | 2.98 |
Min - Max | 1.87 - 4.13 |
Source | The World Bank |
The latest value from 2011 is 2.28 percent, a decline from 2.61 percent in 2010. In comparison, the world average is 11.76 percent, based on data from 178 countries. Historically, the average for Liberia from 2000 to 2011 is 2.98 percent. The minimum value, 1.87 percent, was reached in 2002 while the maximum of 4.13 percent was recorded in 2005.
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The importance of manufacturing in the economy of Liberia 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 | 22.88 | 2023 | percent |
Share of manufacturing | 2.28 | 2011 | percent |
Share of services | 38.50 | 2023 | percent |
Industry value added | 0.99 | 2023 | billion U.S. dollars |
Manufacturing value added | 0.05 | 2011 | billion U.S. dollars |
Services value added | 1.67 | 2023 | billion U.S. dollars |