Kiribati vs Marshall Islands: Manufacturing, value added
Manufacturing, value added over time
- Kiribati
- Marshall Islands
How they compare
Kiribati currently reports 12.39 million constant 2015 US$ against 3.33 million constant 2015 US$ in Marshall Islands, a difference of 9.06 million constant 2015 US$.
That makes Kiribati's figure about 3.7 times Marshall Islands's.
The two have swapped places 4 times across 28 shared years of data; in 1997 it was Kiribati ahead.
Globally, Kiribati ranks 180th and Marshall Islands ranks 183rd of 185 countries.
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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.