Australia: Machinery and transport equipment (% of value added in manufacturing)

Key figures

What the numbers say

In 2024, Australia's machinery and transport equipment (% of value added in manufacturing) rose 0.75 percentage points on 2023 (from 20.84% to 21.59%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.2 percentage points and a typical year strayed about 1.55 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 8.58 percentage points in 1993 and the biggest yearly fall was 8.36 percentage points in 1992. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 0.43 percentage points a year. A straight line explains 83% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 22.4% for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 0.6%, against 0.96% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Australia had the 5th highest value of the 14 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Australia in the 2024 ranking

• United States — 2nd of 14: 30.95%
• Canada — 3rd of 14: 23.4%
• Türkiye — 4th of 14: 22.53%
• Chile — 6th of 14: 21.36%
• New Zealand — 7th of 14: 19.76%
• Morocco — 8th of 14: 13.83%

What this measures

Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).

Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

All 62 values

Machinery and transport equipment (% of value added in manufacturing) in nearby economies

• China — 24.53% (2019)
• Fiji — 2.05% (2023)
• Hong Kong SAR, China — 27.71% (2023)
• Indonesia — 15.9% (2022)
• Japan — 47.4% (2023)
• Korea, Rep. — 42.07% (2023)
• Lao PDR — 0.92% (2017)
• Malaysia — 31.35% (2022)
• Mongolia

More economic policy & debt data for Australia

• Portfolio equity, net inflows (BoP, current US$) — US$18.94 billion (2025)
• Total reserves, including gold (current US$) — US$72.63 billion (2025)
• Total reserves, excluding gold (current US$) — US$62.12 billion (2025)
• General government final consumption expenditure (current US$) — US$416.34 billion (2025)
• General government final consumption expenditure (current LCU) — 643.28 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$418.83 billion (2025)
• General government final consumption expenditure (constant LCU) — 622.17 billion (2025)
• General government final consumption expenditure (% of GDP) — 23.15% (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Australia's machinery and transport equipment (% of value added in manufacturing)?

21.59% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1963?

It is up 2.68 percentage points from 18.91% in 1963. The highest value was 21.59% in 2024 and the lowest 6.4% in 1992.

Source

World Bank, World Development Indicators, indicator NV.MNF.MTRN.ZS.UN, licensed CC BY 4.0. Original source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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