Philippines: Manufacturing value added

The latest value from 2023 is 70.9 billion U.S. dollars, an increase from 69.67 billion U.S. dollars in 2022. In comparison, the world average is 92.84 billion U.S. dollars, based on data from 127 countries. Historically, the average for the Philippines from 2000 to 2023 is 47.87 billion U.S. dollars. The minimum value, 19.98 billion U.S. dollars, was reached in 2001 while the maximum of 70.9 billion U.S. dollars was recorded in 2023. 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.