Value Added (Total Manufacturing) — Value US$ in Melanesia
Melanesia: Value Added (Total Manufacturing) — Value US$ was 2,200 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ in Melanesia, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, value added (total manufacturing) — value us$ in Melanesia stood at 2,200 million USD.
That represents a change of up 5.6% on the previous year and up 7.5% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Melanesia peaked at 2,640 million USD in 2007 and was at its lowest, 177.02 million USD, in 1970.
Melanesia ranks 124th of 220 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 351.76 million USD | 177.02 million USD | 541.91 million USD | 10 |
| 1980s | 586.54 million USD | 397 million USD | 1,013 million USD | 10 |
| 1990s | 938.57 million USD | 790.14 million USD | 1,103 million USD | 10 |
| 2000s | 1,458 million USD | 755.2 million USD | 2,640 million USD | 10 |
| 2010s | 2,093 million USD | 1,772 million USD | 2,352 million USD | 10 |
| 2020s | 2,076 million USD | 1,962 million USD | 2,200 million USD | 4 |
Countries ranked near Melanesia
More economy & growth data for Melanesia
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.97 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.74 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.32 % (2024)
- Gross Domestic Product — Annual growth US$ 5.12 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 43,564 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.11 % (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,008 USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 15.03 % (2024)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Melanesia?
- Value added (total manufacturing) — value us$ in Melanesia was 2,200 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Melanesia?
- The highest recorded value was 2,640 million USD in 2007.
- What is the lowest value added (total manufacturing) — value us$ recorded in Melanesia?
- The lowest recorded value was 177.02 million USD in 1970.
- How does Melanesia rank for value added (total manufacturing) — value us$?
- Melanesia ranks 124th out of 220 countries with data for 2023.
- Is value added (total manufacturing) — value us$ rising or falling in Melanesia?
- Over the last ten years it is up 7.5%. The long-run trend across the full record is volatile.
- Where does this Melanesia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).