Micronesia: Value added by industry as percent of GDP: For that indicator, The World Bank provides data for Micronesia from 1995 to 2015. The average value for Micronesia during that period was 7.2 percent with a minumum of 3.48 percent in 2007 and a maximum of 9.21 percent in 2011. See the global rankings for that indicator or use the country comparator to compare trends over time.
The importance of industry in the economy of Micronesia and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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.