New Caledonia: Share of manufacturing
* indicates monthly or quarterly data series
| New Caledonia |
Value added by the manufacturing sector as percent of GDP |
|---|---|
| Latest value | 5.6 |
| Reference | 2017 |
| Measure | percent |
| Source | The World Bank |
For that indicator, we provide data for New Caledonia from 1990 to 2017. The average value for New Caledonia during that period was 5.21 percent with a minimum of 3.96 percent in 1996 and a maximum of 5.95 percent in 2013.
The latest value from 2017 is 5.6 percent. For comparison, the world average in 2017 based on 181
countries is 11.93 percent.
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* indicates monthly or quarterly data series
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The importance of manufacturing in the economy of New Caledonia 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.