Laos vs Nigeria: Manufacturing, value added
Manufacturing, value added over time
- Laos
- Nigeria
How they compare
Nigeria currently reports 17.83 trillion constant LCU against 14.51 trillion constant LCU in Laos, a difference of 3.32 trillion constant LCU.
That makes Nigeria's figure about 1.2 times Laos's.
Across all 26 years both countries report, Nigeria has been ahead every year.
Globally, Laos ranks 15th and Nigeria ranks 13th 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.