Laos vs Russia: Manufacturing, value added
Manufacturing, value added over time
- Laos
- Russia
How they compare
Laos currently reports 14.51 trillion constant LCU against 14.11 trillion constant LCU in Russia, a difference of 397.90 billion constant LCU.
The two have swapped places 1 time across 24 shared years of data; in 2002 it was Russia ahead.
Globally, Laos ranks 15th and Russia ranks 16th 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.