Industry (including construction), value added in High income
High income: Industry (including construction), value added was 21.3% in 2024. ▼ Falling
Industry (including construction), value added in High income, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, industry (including construction), value added in High income stood at 21.3%. That is the lowest value across all 28 years on record.
That represents a change of down 3.6% on the previous year and down 10.3% over ten years.
Over the whole period, industry (including construction), value added in High income peaked at 27.1% in 1997 and was at its lowest, 21.3%, in 2024.
High income ranks 42nd of 47 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Industry (including construction), value added in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1997 | 27.1% | — |
| 1998 | 26.3% | -3.1% |
| 1999 | 26.1% | -0.8% |
| 2000 | 26.3% | +1.0% |
| 2001 | 25.3% | -3.9% |
| 2002 | 24.6% | -2.8% |
| 2003 | 24.6% | -0.1% |
| 2004 | 24.8% | +0.9% |
| 2005 | 25.0% | +0.9% |
| 2006 | 25.3% | +1.1% |
| 2007 | 25.2% | -0.4% |
| 2008 | 25.1% | -0.2% |
| 2009 | 23.3% | -7.0% |
| 2010 | 24.0% | +2.8% |
| 2011 | 24.3% | +1.4% |
| 2012 | 24.2% | -0.5% |
| 2013 | 23.9% | -1.4% |
| 2014 | 23.8% | -0.4% |
| 2015 | 23.0% | -3.4% |
| 2016 | 22.5% | -1.8% |
| 2017 | 22.9% | +1.6% |
| 2018 | 23.3% | +1.5% |
| 2019 | 22.8% | -1.9% |
| 2020 | 22.0% | -3.4% |
| 2021 | 22.7% | +2.8% |
| 2022 | 22.8% | +0.8% |
| 2023 | 22.1% | -3.2% |
| 2024 | 21.3% | -3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.5% | 26.1% | 27.1% | 3 |
| 2000s | 24.9% | 23.3% | 26.3% | 10 |
| 2010s | 23.5% | 22.5% | 24.3% | 10 |
| 2020s | 22.2% | 21.3% | 22.8% | 5 |
Countries ranked near High income
- 39 Sudan 33.6% compare
- 40 Eswatini 33.6% compare
- 41 Bhutan 33.2% compare
- 42 South Sudan 33.1% compare
- 43 Uzbekistan 32.5% compare
- 44 Tajikistan 32.4% compare
- 45 Kazakhstan 32.3% compare
More economy & growth data for High income
- Agriculture, forestry, and fishing, value added -0.3% (2024)
- Imports of goods and services 5.2% (2025)
- Imports of goods and services 30.8% (2025)
- External balance on goods and services 0.9% (2025)
- Trade 60.5% (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 42,382 current US$ per person (2021)
- Agriculture, forestry, and fishing, value added 717.59 billion constant 2015 US$ (2024)
- Industry (including construction), value added 12.75 trillion constant 2015 US$ (2024)
- Industry (including construction), value added 15.39 trillion current US$ (2024)
- GDP (current US$), per capita 53,997 current US$ per person (2025)
Frequently asked questions
- What is industry (including construction), value added in High income?
- Industry (including construction), value added in High income was 21.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in High income?
- The highest recorded value was 27.1% in 1997.
- What is the lowest industry (including construction), value added recorded in High income?
- The lowest recorded value was 21.3% in 2024.
- How does High income rank for industry (including construction), value added?
- High income ranks 42nd out of 47 groups with data for 2024.
- Is industry (including construction), value added rising or falling in High income?
- Over the last ten years it is down 10.3%. The long-run trend across the full record is falling.
- Where does this High income data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (% of GDP). 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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.