My Data Jungle - Economic and Social Indicators

Indicator: Industry (including construction), value added (current US$) - Ranking   2024

Description The Industry (including construction), value added (current US$) indicator measures the monetary value of the economic contribution generated by industry, including construction, expressed in current U.S. dollars. According to the World Bank, industry corresponds to ISIC (Rev. 4) divisions 05–43 and comprises mining, manufacturing, construction, electricity, water, and gas industries. Value added represents the contribution of these activities to the economy and is calculated as the total value of output produced minus the total value of intermediate goods and services used in production. The indicator is expressed at current prices, meaning that no adjustment is made for changes in prices over time.
A cosa serve The indicator is used to measure and analyse the nominal value generated by industry and construction within an economy. It can support assessments of the monetary scale of industrial activity, comparisons of sectoral contributions to GDP, and analyses of the economic structure of different countries. For longitudinal analysis of real industrial growth, however, it should be complemented by or compared with the corresponding constant-price value-added indicator, which removes the direct effect of price changes.
Unit of measure Millions of $
Aggregation Operator Average

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