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

Key figures

What the numbers say

In 2017, Lao PDR's machinery and transport equipment (% of value added in manufacturing) fell 0 percentage points on 2016 (from 0.92% to 0.92%).

Across the 17 yearly changes before that (2000 to 2016), the average change was −0.42 percentage points and a typical year strayed about 2.03 percentage points from that (the standard deviation). This year's change was 0.2 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 3.44 percentage points in 2015 and the biggest yearly fall was 6.7 percentage points in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2008 to 2017 there is no clear straight-line trend: a straight line explains 8% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

Closest to Lao PDR in the 2017 ranking

• Algeria — 2nd of 2: 0.6%

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 19 values

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

• Australia — 21.59% (2024)
• 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)
• Malaysia — 31.35% (2022)
• Mongolia

More economic policy & debt data for Lao PDR

• Grants, excluding technical cooperation (BoP, current US$) — US$347.91 million (2023)
• Technical cooperation grants (BoP, current US$) — US$90.18 million (2023)
• Net bilateral aid flows from DAC donors, Japan (current US$) — US$41.74 million (2023)
• Net bilateral aid flows from DAC donors, Total (current US$) — US$435.39 million (2023)
• Net official development assistance and official aid received (current US$) — US$514.84 million (2023)
• Net official development assistance and official aid received (constant 2023 US$) — US$514.84 million (2023)
• Net official development assistance received (current US$) — US$514.84 million (2023)
• Net official development assistance received (constant 2023 US$)

Reading data like this

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Questions people ask

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

0.92% in 2017, according to the World Bank (World Development Indicators).

How has it changed since 1999?

It is down 7.16 percentage points from 8.08% in 1999. The highest value was 8.08% in 1999 and the lowest 0.92% in 2012.

Is the latest change in machinery and transport equipment (% of value added in manufacturing) unusual for Lao PDR?

In 2017, Lao PDR's machinery and transport equipment (% of value added in manufacturing) fell 0 percentage points on 2016 (from 0.92% to 0.92%). Across the 17 yearly changes before that (2000 to 2016), the average change was −0.42 percentage points and a typical year strayed about 2.03 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

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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