Value Added (Total Manufacturing) — Value Standard Local Currency in Australia
Australia: Value Added (Total Manufacturing) — Value Standard Local Currency was 6.61 % change on previous year in 2023. ◆ Volatile
Latest (2023)
6.61 % change on previous year
Change on year
down 33.4%
World rank
115th
of 231 countries
All-time high
16.97 % change on previous year
in 1974
All-time low
-6.47 % change on previous year
in 1990
Years of data
53
1971–2023
Value Added (Total Manufacturing) — Value Standard Local Currency in Australia, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Australia recorded 6.61 % change on previous year for value added (total manufacturing) — value standard local currency in 2023.
Compared with earlier readings it is down 33.4% on the previous year and up 2,659.8% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Australia peaked at 16.97 % change on previous year in 1974 and was at its lowest, -6.47 % change on previous year, in 1990.
That places Australia 115th out of 231 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value Standard Local Currency in Australia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 8.28 % change on previous year | — |
| 1972 | 9.93 % change on previous year | +20.0% |
| 1973 | 16.39 % change on previous year | +65.1% |
| 1974 | 16.97 % change on previous year | +3.5% |
| 1975 | 14.23 % change on previous year | -16.1% |
| 1976 | 12.56 % change on previous year | -11.8% |
| 1977 | 7.37 % change on previous year | -41.3% |
| 1978 | 9.03 % change on previous year | +22.4% |
| 1979 | 13.24 % change on previous year | +46.7% |
| 1980 | 14.54 % change on previous year | +9.8% |
| 1981 | 11.36 % change on previous year | -21.8% |
| 1982 | 2.38 % change on previous year | -79.1% |
| 1983 | 12.23 % change on previous year | +413.8% |
| 1984 | 9.55 % change on previous year | -21.9% |
| 1985 | 9.1 % change on previous year | -4.7% |
| 1986 | 4.88 % change on previous year | -46.4% |
| 1987 | 11.19 % change on previous year | +129.5% |
| 1988 | 9.33 % change on previous year | -16.7% |
| 1989 | 7.04 % change on previous year | -24.5% |
| 1990 | -6.47 % change on previous year | -191.9% |
| 1991 | 2.01 % change on previous year | -131.0% |
| 1992 | 7.41 % change on previous year | +268.8% |
| 1993 | 7.75 % change on previous year | +4.7% |
| 1994 | 5.54 % change on previous year | -28.6% |
| 1995 | 3.59 % change on previous year | -35.2% |
| 1996 | 1.6 % change on previous year | -55.3% |
| 1997 | 7.3 % change on previous year | +355.4% |
| 1998 | 1.07 % change on previous year | -85.4% |
| 1999 | 3.16 % change on previous year | +196.0% |
| 2000 | 1.42 % change on previous year | -54.9% |
| 2001 | 2.72 % change on previous year | +91.1% |
| 2002 | 9.29 % change on previous year | +241.4% |
| 2003 | 7.79 % change on previous year | -16.2% |
| 2004 | 1.7 % change on previous year | -78.2% |
| 2005 | 3.36 % change on previous year | +97.8% |
| 2006 | 2.31 % change on previous year | -31.2% |
| 2007 | 7.32 % change on previous year | +216.4% |
| 2008 | -1.75 % change on previous year | -123.9% |
| 2009 | -2.22 % change on previous year | +27.2% |
| 2010 | 0.2755 % change on previous year | -112.4% |
| 2011 | 1.22 % change on previous year | +342.3% |
| 2012 | -4 % change on previous year | -428.0% |
| 2013 | 0.2394 % change on previous year | -106.0% |
| 2014 | 0.4255 % change on previous year | +77.8% |
| 2015 | -1.39 % change on previous year | -427.7% |
| 2016 | 1.04 % change on previous year | -174.7% |
| 2017 | 4.29 % change on previous year | +311.5% |
| 2018 | 2.44 % change on previous year | -43.0% |
| 2019 | 2.17 % change on previous year | -11.3% |
| 2020 | 3.46 % change on previous year | +59.5% |
| 2021 | 8.93 % change on previous year | +158.3% |
| 2022 | 9.92 % change on previous year | +11.1% |
| 2023 | 6.61 % change on previous year | -33.4% |
Australia compared with similar countries
- Australia's 6.61 % change on previous year is above the median for high income countries, which is 4.06 % change on previous year, 1.6× the median. (73 countries reporting)
- Australia's 6.61 % change on previous year is below the median for East Asia & Pacific, which is 6.83 % change on previous year, 97% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12 % change on previous year | 7.37 % change on previous year | 16.97 % change on previous year | 9 |
| 1980s | 9.16 % change on previous year | 2.38 % change on previous year | 14.54 % change on previous year | 10 |
| 1990s | 3.29 % change on previous year | -6.47 % change on previous year | 7.75 % change on previous year | 10 |
| 2000s | 3.19 % change on previous year | -2.22 % change on previous year | 9.29 % change on previous year | 10 |
| 2010s | 0.671 % change on previous year | -4 % change on previous year | 4.29 % change on previous year | 10 |
| 2020s | 7.23 % change on previous year | 3.46 % change on previous year | 9.92 % change on previous year | 4 |
Countries ranked near Australia
- 112 Italy 6.87 % change on previous year compare
- 113 Jamaica 6.76 % change on previous year compare
- 114 China, Hong Kong SAR 6.63 % change on previous year compare
- 116 Paraguay 6.48 % change on previous year compare
- 117 Romania 6.31 % change on previous year compare
- 118 New Zealand 6.02 % change on previous year compare
More economy & growth data for Australia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -164.69 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 36.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.02 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0203 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,323 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Australia?
- Value added (total manufacturing) — value standard local currency in Australia was 6.61 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Australia?
- The highest recorded value was 16.97 % change on previous year in 1974.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Australia?
- The lowest recorded value was -6.47 % change on previous year in 1990.
- How does Australia rank for value added (total manufacturing) — value standard local currency?
- Australia ranks 115th out of 231 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Australia?
- Over the last ten years it is up 2,659.8%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.