World Bank · Economy

Libya: Manufacturing, value added (constant 2015 US$)

1.80Bconstant 2015 USD · 2017-42.8% since 2007

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars. Annual figures for Libya from 2006 to 2017.