India vs Japan: Manufacturing, value added
Manufacturing, value added over time
- India
- Japan
How they compare
Japan currently reports 935.45 billion constant 2015 US$ against 595.25 billion constant 2015 US$ in India, a difference of 340.20 billion constant 2015 US$.
That makes Japan's figure about 1.6 times India's.
Across all 31 years both countries report, Japan has been ahead every year.
Globally, India ranks 3rd and Japan ranks 1st of 185 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.