Figure 3.1 | MVA as a proportion of GDP by economy, 2024
(LDCs), which is expected to continue into 2025. However, as shown in Section 2.2, this progress may still fall short of meeting the SDG 9 targets by 2030. Manufacturing in landlocked developing countries (LLDCs) has also expanded strongly, while growth among SIDS remains world. Most economies with high MVA-to-GDP ratios are located in South-East Asia and East Asia, although several are also found in Europe as well as Latin America and the Caribbean. In contrast, the trated in other sectors, indicating that their structural transformation nificant transformation, as traditional industrial centers in the Global tributed across the world, most prominently in Asia. This global re- contribution of manufacturing to a world MvA across four broad regions at five points in time: 1990, 2000, global MVA, while Asia and Oceania contributed 27.3 per cent. Three and a half decades later, the positions of these two regions have