Madagascar: Manufacturing value added
* indicates monthly or quarterly data series
Madagascar |
Manufacturing value added, billion USD |
---|---|
Latest value | 1.38 |
Year | 2021 |
Measure | billion U.S. dollars |
Data availability | 2007 - 2021 |
Average | 1.10 |
Min - Max | 0.78 - 1.42 |
Source | The World Bank |
The latest value from 2021 is 1.38 billion U.S. dollars, an increase from 1.27 billion U.S. dollars in 2020. In comparison, the world average is 89.85 billion U.S. dollars, based on data from 171 countries. Historically, the average for Madagascar from 2007 to 2021 is 1.1 billion U.S. dollars. The minimum value, 0.78 billion U.S. dollars, was reached in 2007 while the maximum of 1.42 billion U.S. dollars was recorded in 2019.
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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.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Share of industry | 14.92 | 2023 | percent |
Share of manufacturing | 9.50 | 2021 | percent |
Share of services | 54.94 | 2023 | percent |
Industry value added | 2.39 | 2023 | billion U.S. dollars |
Manufacturing value added | 1.38 | 2021 | billion U.S. dollars |
Services value added | 8.81 | 2023 | billion U.S. dollars |
Savings, percent of GDP | 15.56 | 2022 | percent |
Savings, in dollars | 2.38 | 2022 | billion U.S. dollars |