Panama vs Papua New Guinea: Industry (including construction), value added
Industry (including construction), value added over time
- Panama
- Papua New Guinea
How they compare
Papua New Guinea currently reports 24.84 billion constant LCU against 20.48 billion constant LCU in Panama, a difference of 4.36 billion constant LCU.
That makes Papua New Guinea's figure about 1.2 times Panama's.
The two have swapped places 3 times across 44 shared years of data; in 1980 it was Panama ahead.
Globally, Panama ranks 135th and Papua New Guinea ranks 132nd of 199 countries.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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.