North Macedonia: Manufacturing value added

The latest value from 2022 is 1.84 billion U.S. dollars, a decline from 1.89 billion U.S. dollars in 2021. In comparison, the world average is 76.78 billion U.S. dollars, based on data from 167 countries. Historically, the average for North Macedonia from 1990 to 2022 is 0.98 billion U.S. dollars. The minimum value, 0.33 billion U.S. dollars, was reached in 2001 while the maximum of 1.89 billion U.S. dollars was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.

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. Data are in current U.S. dollars.