Xinhua, Vienna :
The growth rate of manufacturing value added (MVA) of developing and emerging industrial economies over past four years is higher than the GDP growth rate, United Nations Industrial Development Organization (UNIDO) said Wednesday.
According to a report published Wednesday by UNIDO, despite a slowdown due to the recent economic recession, the MVA growth rate of developing and emerging industrial economies over the last four years has been consistently higher than the growth rate of GDP.
But UNIDO said the annual growth rate of world MVA remained low at 1.7 percent in 2013, reflecting the fact that the recovery in industrialized countries only started to gear up in the second half of the year.
The annual growth rate of MVA for the industrialized countries was slightly negative, while developing and emerging industrial economies increased by 5.2 percent.
The MVA growth rate for developing and emerging industrial economies was restrained by weaker demand in industrialized countries during the years of economic recession, and the developing economies’ share of world MVA increased to 35.5 percent in 2013, the UNIDO Statistics show.
