Kiribati vs Palau: Manufacturing, value added
Manufacturing, value added over time
- Kiribati
- Palau
How they compare
Kiribati currently reports 16.53 million constant LCU against 3.03 million constant LCU in Palau, a difference of 13.50 million constant LCU.
That makes Kiribati's figure about 5.5 times Palau's.
The two have swapped places 2 times across 25 shared years of data; in 2000 it was Kiribati ahead.
Globally, Kiribati ranks 187th and Palau ranks 190th of 191 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 varies by country. This series is expressed in local currency units.