Machinery and transport equipment (% of value added in manufacturing) by country

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."

Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.

Ranking

More economic policy & debt indicators

• Trade in services (% of GDP)
• Communications, computer, etc. (% of service imports, BoP)
• Primary income payments (BoP, current US$)
• Imports of goods and services (current US$, BoP)
• Insurance and financial services (% of service imports, BoP)
• Goods imports (current US$, BoP)
• Service imports (current US$, BoP)
• Charges for the use of intellectual property, payments (BoP, current US$)
• Imports of goods, services and primary income (current US$, BoP)
• Transport services (% of service imports, BoP)
• Travel services (% of service imports, BoP)
• Foreign direct investment, net outflows (BoP, current US$)

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Source

World Bank, World Development Indicators, NV.MNF.MTRN.ZS.UN, CC BY 4.0. Original source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO) View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.