World Bank · Economy

Vanuatu: Manufacturing, value added (constant LCU)

6.26Bconstant LCU · 2024-4.3% since 2014

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 varies by country. This series is expressed in local currency units. Annual figures for Vanuatu from 1998 to 2024.