In 2023, Indonesia's manufacturing value added grew by approximately 4.64 percent, while Singapore's contracted by 4.32 percent. In Southeast Asia, Thailand, Brunei, and Singapore's manufacturing sectors experienced negative growth that year.
Annual growth rate of manufacturing value added in Southeast Asia in 2023, by country
The annual growth rate of manufacturing value added is calculated using constant local currency, with aggregates based on 2015 constant prices, expressed in U.S. dollars. Manufacturing encompasses industries from the international standard industrial classification (ISIC) divisions 10-33. Value added represents the net output of a sector, calculated by summing all outputs and subtracting intermediate inputs. It is determined without accounting for depreciation of assets or the depletion and degradation of natural resources. The origin of value added is defined according to ISIC, revision 4.
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World Bank. (November 12, 2024). Annual growth rate of manufacturing value added in Southeast Asia in 2023, by country [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1538661/sea-manufacturing-value-added-growth-by-country/
World Bank. "Annual growth rate of manufacturing value added in Southeast Asia in 2023, by country ." Chart. November 12, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1538661/sea-manufacturing-value-added-growth-by-country/
World Bank. (2024). Annual growth rate of manufacturing value added in Southeast Asia in 2023, by country . Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1538661/sea-manufacturing-value-added-growth-by-country/
World Bank. "Annual Growth Rate of Manufacturing Value Added in Southeast Asia in 2023, by Country ." Statista, Statista Inc., 12 Nov 2024, https://www.statista.com/statistics/1538661/sea-manufacturing-value-added-growth-by-country/
World Bank, Annual growth rate of manufacturing value added in Southeast Asia in 2023, by country Statista, https://www.statista.com/statistics/1538661/sea-manufacturing-value-added-growth-by-country/ (last visited December 23, 2024)
Annual growth rate of manufacturing value added in Southeast Asia in 2023, by country [Graph], World Bank, November 12, 2024. [Online]. Available: https://www.statista.com/statistics/1538661/sea-manufacturing-value-added-growth-by-country/
