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

Key figures

What the numbers say

In 2022, Philippines' machinery and transport equipment (% of value added in manufacturing) rose 11.88 percentage points on 2021 (from 22.36% to 34.24%).

Across the 30 yearly changes before that (1992 to 2021), the average change was +0.63 percentage points and a typical year strayed about 6.86 percentage points from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 17.56 percentage points in 2012 and the biggest yearly fall was 16.1 percentage points in 2013. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 there is no clear straight-line trend: a straight line explains 19% 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.

How it compares

In 2022, Philippines had the 1st highest value of the 16 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 Philippines in the 2022 ranking

• Malaysia — 2nd of 16: 31.35%
• North Macedonia — 3rd of 16: 25.99%
• Indonesia — 4th of 16: 15.9%

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 60 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)
• Lao PDR — 0.92% (2017)
• Malaysia

More economic policy & debt data for Philippines

• Total reserves, including gold (current US$) — US$110.93 billion (2025)
• Total reserves, excluding gold (current US$) — US$92.26 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$70.26 billion (2025)
• General government final consumption expenditure (constant LCU) — 3.5 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$) — US$339.25 billion (2025)
• Households and NPISHs final consumption expenditure (constant LCU) — 16.86 trillion (2025)
• Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$2,905 (2025)
• Final consumption expenditure (constant 2015 US$)

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 Philippines's machinery and transport equipment (% of value added in manufacturing)?

34.24% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1963?

It is up 27.88 percentage points from 6.36% in 1963. The highest value was 48.19% in 2012 and the lowest 1.79% in 1986.

How does Philippines rank?

1st highest of 16 economies with data for 2022.

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

In 2022, Philippines' machinery and transport equipment (% of value added in manufacturing) rose 11.88 percentage points on 2021 (from 22.36% to 34.24%). Across the 30 yearly changes before that (1992 to 2021), the average change was +0.63 percentage points and a typical year strayed about 6.86 percentage points from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

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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