Italy vs OECD members: Manufacturing, value added
Manufacturing, value added over time
- Italy
- OECD members
How they compare
OECD members currently reports 7.62 trillion current US$ against 382.77 billion current US$ in Italy, a difference of 7.24 trillion current US$.
That makes OECD members's figure about 19.9 times Italy's.
Across all 26 years both countries report, OECD members has been ahead every year.
Italy ranks 7th and OECD members ranks 7th of 202 countries.
OECD members has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Italy | OECD members | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 231.16 billion current US$ | 4.65 trillion current US$ | 4.42 trillion current US$ | OECD members |
| 2000s | 278.88 billion current US$ | 5.54 trillion current US$ | 5.26 trillion current US$ | OECD members |
| 2010s | 296.01 billion current US$ | 6.94 trillion current US$ | 6.65 trillion current US$ | OECD members |
| 2020s | 311.55 billion current US$ | 7.53 trillion current US$ | 7.22 trillion current US$ | OECD members |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher manufacturing, value added, Italy or OECD members?
- OECD members, at 7.62 trillion current US$ against 382.77 billion current US$ in Italy as of 2022.
- What is the difference in manufacturing, value added between Italy and OECD members?
- 7.24 trillion current US$, with OECD members ahead.
- How many years of comparable data are there for Italy and OECD members?
- 26 years are reported by both, from 1997 to 2022.
- How do Italy and OECD members rank globally for manufacturing, value added?
- Italy ranks 7th and OECD members ranks 7th of 202 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Manufacturing, value added (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.