Philippines: Manufacturing value added

* indicates monthly or quarterly data series
 Philippines

Manufacturing value added, billion USD

 Latest value 70.90
 Year 2023
 Measure billion U.S. dollars
 Data availability 2000 - 2023
 Average 47.87
 Min - Max 19.98 - 70.90
 Source The World Bank
For that indicator, we provide data for the Philippines from 2000 to 2023. The average value for the Philippines during that period was 47.87 billion U.S. dollars with a minimum of 19.98 billion U.S. dollars in 2001 and a maximum of 70.9 billion U.S. dollars in 2023. The latest value from 2023 is 70.9 billion U.S. dollars. For comparison, the world average in 2023 based on 127 countries is 92.84 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Philippines - Manufacturing value added - Recent values chart

Historical chart
Philippines - Manufacturing value added - historical chart - 2000-2023




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 value Reference Measure
 Share of industry 29.23 2022 percent
 Share of manufacturing 17.24 2022 percent
 Share of services 61.22 2022 percent
 Industry value added 123.19 2023 billion U.S. dollars
 Manufacturing value added 70.90 2023 billion U.S. dollars
 Services value added 272.88 2023 billion U.S. dollars
 Savings, percent of GDP 22.48 2022 percent
 Savings, in dollars 119.41 2023 billion U.S. dollars
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