Global manufacturing value added (MVA) per capita increased from $1,646 (constant 2015 prices) in 2015 to $1,875 in 2022. While Europe and Northern America reached an all-time high of $5,052 in 2022, MVA per capita in LDCs reached only $159, far from the target of doubling their value of $126 in 2015. Although the share of manufacturing in LDCs increased from 12.1% in 2015 to 14.0% in 2022, this pace is not sufficient to achieve the target of doubling the share by 2030. While LDCs in Asia have made considerable progress and are on track, African LDCs will need to significantly accelerate progress for the goal to remain attainable by 2030.

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