Industry (including construction), value added in OECD members
OECD members: Industry (including construction), value added was -0.8% in 2024. ◆ Volatile
Industry (including construction), value added in OECD members, 1998–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for industry (including construction), value added in OECD members is -0.8%, measured in 2024.
Compared with earlier readings it is down 182.5% on the previous year and down 129.3% over ten years.
Over the whole period, industry (including construction), value added in OECD members peaked at 6.7% in 2021 and was at its lowest, -9.4%, in 2009.
That places OECD members 43rd out of 43 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in OECD members, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1998 | 0.8% | — |
| 1999 | 1.9% | +147.5% |
| 2000 | 4.3% | +128.2% |
| 2001 | 0.3% | -94.0% |
| 2002 | 0.3% | +10.4% |
| 2003 | 1.1% | +280.0% |
| 2004 | 3.1% | +185.7% |
| 2005 | 2.1% | -33.4% |
| 2006 | 3.8% | +85.9% |
| 2007 | 2.8% | -26.7% |
| 2008 | -0.8% | -126.8% |
| 2009 | -9.4% | +1145.7% |
| 2010 | 6.3% | -166.9% |
| 2011 | 1.5% | -76.5% |
| 2012 | -0.0% | -100.6% |
| 2013 | 0.7% | -7482.4% |
| 2014 | 2.6% | +302.5% |
| 2015 | 2.6% | -2.1% |
| 2016 | 1.4% | -44.8% |
| 2017 | 3.3% | +128.9% |
| 2018 | 2.2% | -33.6% |
| 2019 | 0.1% | -94.4% |
| 2020 | -4.8% | -4111.9% |
| 2021 | 6.7% | -237.1% |
| 2022 | 1.7% | -74.3% |
| 2023 | -0.3% | -116.0% |
| 2024 | -0.8% | +182.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.3% | 0.8% | 1.9% | 2 |
| 2000s | 0.8% | -9.4% | 4.3% | 10 |
| 2010s | 2.1% | -0.0% | 6.3% | 10 |
| 2020s | 0.5% | -4.8% | 6.7% | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Trade in services 14.9% (2025)
- Gross capital formation 12.80 trillion constant 2015 US$ (2024)
- Gross capital formation 0.8% (2024)
- Gross capital formation 22.5% (2024)
- Imports of goods and services 20.55 trillion current US$ (2025)
- Imports of goods and services 17.02 trillion constant 2015 US$ (2025)
- Imports of goods and services 3.8% (2025)
- Agriculture, forestry, and fishing, value added 731.26 billion constant 2015 US$ (2024)
- Manufacturing, value added 7.62 trillion current US$ (2022)
- Agriculture, forestry, and fishing, value added 0.7% (2024)
Frequently asked questions
- What is industry (including construction), value added in OECD members?
- Industry (including construction), value added in OECD members was -0.8% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in OECD members?
- The highest recorded value was 6.7% in 2021.
- What is the lowest industry (including construction), value added recorded in OECD members?
- The lowest recorded value was -9.4% in 2009.
- How does OECD members rank for industry (including construction), value added?
- OECD members ranks 43rd out of 43 groups with data for 2024.
- Is industry (including construction), value added rising or falling in OECD members?
- Over the last ten years it is down 129.3%. The long-run trend across the full record is volatile.
- Where does this OECD members data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.