Libya vs Venezuela: Manufacturing, value added
Manufacturing, value added over time
- Libya
- Venezuela
How they compare
Venezuela currently reports -7.2% against -9.0% in Libya, a difference of 1.8%.
The two have swapped places 2 times across 8 shared years of data; in 2007 it was Libya ahead.
Globally, Libya ranks 184th and Venezuela ranks 183rd of 191 countries.
Individual pages
About this data
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.