Venezuela: Manufacturing value added

The latest value from 2014 is 58.24 billion U.S. dollars, an increase from 42.72 billion U.S. dollars in 2013. In comparison, the world average is 69.83 billion U.S. dollars, based on data from 179 countries. Historically, the average for Venezuela from 1968 to 2014 is 15.93 billion U.S. dollars. The minimum value, 1.68 billion U.S. dollars, was reached in 1968 while the maximum of 58.24 billion U.S. dollars was recorded in 2014. 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.