Value Added (Total Manufacturing) — Value US$ in Western Asia
Western Asia: Value Added (Total Manufacturing) — Value US$ was 570,875 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ in Western Asia, 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 Western Asia stood at 570,875 million USD. That is the highest value across all 54 years on record.
The figure is up 2.4% on the previous year and up 53.3% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Western Asia peaked at 570,875 million USD in 2023 and was at its lowest, 7,587 million USD, in 1970.
That places Western Asia 15th out of 30 groups 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 US$ in Western Asia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 7,587 million USD | — |
| 1971 | 7,813 million USD | +3.0% |
| 1972 | 9,748 million USD | +24.8% |
| 1973 | 12,283 million USD | +26.0% |
| 1974 | 17,132 million USD | +39.5% |
| 1975 | 19,569 million USD | +14.2% |
| 1976 | 23,699 million USD | +21.1% |
| 1977 | 26,693 million USD | +12.6% |
| 1978 | 29,433 million USD | +10.3% |
| 1979 | 42,790 million USD | +45.4% |
| 1980 | 35,687 million USD | -16.6% |
| 1981 | 44,987 million USD | +26.1% |
| 1982 | 42,762 million USD | -4.9% |
| 1983 | 42,820 million USD | +0.1% |
| 1984 | 42,954 million USD | +0.3% |
| 1985 | 42,828 million USD | -0.3% |
| 1986 | 51,134 million USD | +19.4% |
| 1987 | 58,790 million USD | +15.0% |
| 1988 | 64,477 million USD | +9.7% |
| 1989 | 71,407 million USD | +10.7% |
| 1990 | 85,937 million USD | +20.3% |
| 1991 | 89,364 million USD | +4.0% |
| 1992 | 92,887 million USD | +3.9% |
| 1993 | 97,824 million USD | +5.3% |
| 1994 | 87,871 million USD | -10.2% |
| 1995 | 106,481 million USD | +21.2% |
| 1996 | 111,798 million USD | +5.0% |
| 1997 | 120,582 million USD | +7.9% |
| 1998 | 116,169 million USD | -3.7% |
| 1999 | 108,068 million USD | -7.0% |
| 2000 | 115,265 million USD | +6.7% |
| 2001 | 99,612 million USD | -13.6% |
| 2002 | 105,641 million USD | +6.1% |
| 2003 | 125,400 million USD | +18.7% |
| 2004 | 152,402 million USD | +21.5% |
| 2005 | 180,817 million USD | +18.6% |
| 2006 | 204,463 million USD | +13.1% |
| 2007 | 241,553 million USD | +18.1% |
| 2008 | 278,663 million USD | +15.4% |
| 2009 | 242,148 million USD | -13.1% |
| 2010 | 285,136 million USD | +17.8% |
| 2011 | 335,265 million USD | +17.6% |
| 2012 | 350,078 million USD | +4.4% |
| 2013 | 372,391 million USD | +6.4% |
| 2014 | 383,369 million USD | +2.9% |
| 2015 | 363,073 million USD | -5.3% |
| 2016 | 362,160 million USD | -0.3% |
| 2017 | 385,309 million USD | +6.4% |
| 2018 | 405,698 million USD | +5.3% |
| 2019 | 393,060 million USD | -3.1% |
| 2020 | 376,464 million USD | -4.2% |
| 2021 | 470,143 million USD | +24.9% |
| 2022 | 557,280 million USD | +18.5% |
| 2023 | 570,875 million USD | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19,675 million USD | 7,587 million USD | 42,790 million USD | 10 |
| 1980s | 49,785 million USD | 35,687 million USD | 71,407 million USD | 10 |
| 1990s | 101,698 million USD | 85,937 million USD | 120,582 million USD | 10 |
| 2000s | 174,596 million USD | 99,612 million USD | 278,663 million USD | 10 |
| 2010s | 363,554 million USD | 285,136 million USD | 405,698 million USD | 10 |
| 2020s | 493,690 million USD | 376,464 million USD | 570,875 million USD | 4 |
Countries ranked near Western Asia
More economy & growth data for Western Asia
- Gross Domestic Product, GDP in millions constant 2021 international $ 4.37 million (2027)
- GDP Deflator — Value US$, 2015 prices, annual growth rate 4.45 % change on previous year (2024)
- Gross Domestic Product — Annual growth US$ 6.59 % (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 5.21 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 6.59 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 2.05 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 7.8 % change on previous year (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 12,408 USD (2024)
- Gross Domestic Product — Value US$ 4.55 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 14,704 USD (2024)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Western Asia?
- Value added (total manufacturing) — value us$ in Western Asia was 570,875 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 Western Asia?
- The highest recorded value was 570,875 million USD in 2023.
- What is the lowest value added (total manufacturing) — value us$ recorded in Western Asia?
- The lowest recorded value was 7,587 million USD in 1970.
- How does Western Asia rank for value added (total manufacturing) — value us$?
- Western Asia ranks 15th out of 30 groups with data for 2023.
- Is value added (total manufacturing) — value us$ rising or falling in Western Asia?
- Over the last ten years it is up 53.3%. The long-run trend across the full record is volatile.
- Where does this Western Asia 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).