Manufacturing value added (MVA) is the net-output of all resident manufacturing activity units. It is obtained by adding up their outputs and subtracting intermediate inputs (United Nations, 2020). Manufacturing can broadly be understood as "the physical or chemical transformation of materials, substances, or components into new products" (United Nations, 2008), consisting of sector C in the International Standard Industrial Classification of all Economic Activities (ISIC) revision 4 (United Nations, 2020).

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