SPECIAL FEATURE


TECH15.2% 16.3% 21.5%


OF DEVELOPMENT


Driven by the fast growth of manufacturing in Asia, the global share of manufacturing value added in GDP increased:


2005


In 2015, ‘medium-high’ and ‘high-technology’ sectors accounted for 44.7 percent of total manufacturing value added globally. The value added reached 34.6 percent in developing economies, up from 21.5 percent in 2005.


2005 2015 34.6% MANUFACTURING:


A STORY OF SLOW PROGRESS


Despite progress, the LDCs are still far behind in manufacturing growth, according to information from the UN Statistics Division. “While manufacturing value added (MVA) per capita has increased globally, broader industrialization has been hampered by intense concentrations of production in some countries and regions. This has resulted in marked inequalities, with industrial productivity varying widely between richer and poorer regions. In 2016, MVA per capita was US$100 a year in LDCs (although it had increased 59 percent in real terms since 2005), compared to US$4,621 in Europe and Northern America. As manufacturing production shifts from higher-income regions in search of lower costs, countries that currently have low levels of MVA per capita stand to benefit.”


Source: unstats.un.org/sdgs 11 2017


PHOTO: Mark Atkins/Shutterstock.com


ASIA


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