Russia: Share of manufacturing
* indicates monthly or quarterly data series
| Russia |
Value added by the manufacturing sector as percent of GDP |
|---|---|
| Latest value | 14.45 |
| Reference | 2021 |
| Measure | percent |
| Source | The World Bank |
For that indicator, we provide data for Russia from 2002 to 2021. The average value for Russia during that period was 13.34 percent with a minimum of 11.06 percent in 2013 and a maximum of 15.68 percent in 2005.
The latest value from 2021 is 14.45 percent. For comparison, the world average in 2021 based on 157
countries is 12.32 percent.
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* indicates monthly or quarterly data series
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The importance of manufacturing in the economy of Russia 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.