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Armenia

Value Added By The Manufacturing Sector

11.34
percent of GDP
Source: IMF

Global Ranking

87
South Africa11.74
88
Madagascar11.6
89
Fiji11.58
90
Malawi11.54
91
Colombia11.52
92
Armenia11.34
93
Spain11.33
94
Israel11.32
95
Ivory Coast11.2
96
United States11.19
97
Namibia10.99

Europe Ranking

22
Sweden12.63
23
Macedonia12.61
24
Croatia11.88
25
Portugal11.81
26
Latvia11.79
27
Armenia11.34
28
Spain11.33
29
Netherlands10.85
30
Ukraine10.3
31
Georgia10.18
32
Moldova9.38

Definition of Value Added By The Manufacturing Sector

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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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