DEFINITION: Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. 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.".
Interesting observations about Industry > Growth
- China ranked first for growth amongst Emerging markets in 2009.
- Chad ranked first for growth amongst Hot countries in 2004.
- Albania ranked first for growth amongst Europe in 2009.
- East Timor ranked first for growth amongst Christian countries in 2000.
- Slovakia ranked first for growth amongst European Union in 2009.
- Cuba ranked first for growth amongst Former Spanish colonies in 2008.
- Belize ranked first for growth amongst Latin America and Caribbean in 2009.
- Australia ranked second for growth amongst High income OECD countries in 2008.
- Zambia ranked first for growth amongst Former British colonies in 2009.
- Cape Verde ranked first for growth amongst Heavily indebted countries in 2009.