Micronesia: Value added by the manufacturing sector as percent of GDP
For that indicator, we provide data for Micronesia from 1983 to 2018. The average value for Micronesia during that period was 0.86 percent with a minimum of 0.36 percent in 2006 and a maximum of 1.85 percent in 2001.
The latest value from 2018 is 0.49 percent. For comparison, the world average in 2018 based on 153
countries is 12.46 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The importance of manufacturing in the economy of Micronesia 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.