Kuwait vs Libya: Manufacturing, value added
Manufacturing, value added over time
- Kuwait
- Libya
How they compare
Kuwait currently reports 3.44 billion constant LCU against 2.67 billion constant LCU in Libya, a difference of 761.64 million constant LCU.
That makes Kuwait's figure about 1.3 times Libya's.
The two have swapped places 3 times across 8 shared years of data; in 2010 it was Libya ahead.
Globally, Kuwait ranks 142nd and Libya ranks 144th 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 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.