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Macedonia

Value Added By Industry

21.49
as percent of GDP
Source: IMF

Global Ranking

111
Antigua and Barbuda21.89
112
Georgia21.82
112
Albania21.82
112
Eritrea21.82
115
Mozambique21.78
116
Macedonia21.49
117
Sweden21.12
118
Ivory Coast20.86
119
Belgium20.85
120
Jamaica20.75
121
Niger20.65

Europe Ranking

21
Estonia22.8
22
Italy22.58
23
Bulgaria21.92
24
Albania21.82
24
Georgia21.82
26
Macedonia21.49
27
Sweden21.12
28
Belgium20.85
29
Moldova20.61
30
Croatia20.57
31
Spain20.5

Definition of Value Added By Industry

Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 or 4.

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