North Macedonia: Share of manufacturing

* indicates monthly or quarterly data series
 North Macedonia

Value added by the manufacturing sector as percent of GDP

 Latest value 12.61
 Reference 2021
 Measure percent
 Source The World Bank

For that indicator, we provide data for North Macedonia from 1990 to 2021. The average value for North Macedonia during that period was 13.94 percent with a minimum of 7.69 percent in 2004 and a maximum of 30.01 percent in 1990. The latest value from 2021 is 12.61 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.
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* indicates monthly or quarterly data series
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The importance of manufacturing in the economy of North Macedonia 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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