World Bank · Economy

Libya: Manufacturing, value added (annual % growth)

-9.02percent · 2017-248.1% 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars. Annual figures for Libya from 2007 to 2017.