Industry (including construction), value added in Small states
Small states: Industry (including construction), value added was 24.2% in 2025. ▼ Falling
Industry (including construction), value added in Small states, 1977–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for industry (including construction), value added in Small states is 24.2%, measured in 2025.
The figure is down 1.6% on the previous year and up 5.6% over ten years.
Over the whole period, industry (including construction), value added in Small states peaked at 60.8% in 1980 and was at its lowest, 21.9%, in 2020.
That places Small states 36th out of 45 groups with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 49 years of available data.
Industry (including construction), value added in Small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 50.1% | — |
| 1978 | 49.1% | -2.2% |
| 1979 | 53.3% | +8.7% |
| 1980 | 60.8% | +14.0% |
| 1981 | 56.0% | -8.0% |
| 1982 | 52.4% | -6.4% |
| 1983 | 50.1% | -4.3% |
| 1984 | 48.8% | -2.6% |
| 1985 | 45.7% | -6.3% |
| 1986 | 34.1% | -25.4% |
| 1987 | 34.1% | -0.1% |
| 1988 | 31.8% | -6.8% |
| 1989 | 32.6% | +2.7% |
| 1990 | 33.7% | +3.3% |
| 1991 | 33.1% | -1.7% |
| 1992 | 31.7% | -4.3% |
| 1993 | 30.6% | -3.5% |
| 1994 | 30.8% | +0.8% |
| 1995 | 29.6% | -4.0% |
| 1996 | 28.9% | -2.4% |
| 1997 | 28.5% | -1.5% |
| 1998 | 25.6% | -9.9% |
| 1999 | 25.7% | +0.1% |
| 2000 | 27.3% | +6.6% |
| 2001 | 26.2% | -4.0% |
| 2002 | 25.8% | -1.7% |
| 2003 | 27.1% | +5.0% |
| 2004 | 27.8% | +2.5% |
| 2005 | 29.2% | +5.3% |
| 2006 | 30.5% | +4.4% |
| 2007 | 29.4% | -3.5% |
| 2008 | 31.9% | +8.4% |
| 2009 | 26.8% | -16.1% |
| 2010 | 27.7% | +3.6% |
| 2011 | 29.6% | +6.6% |
| 2012 | 28.1% | -4.9% |
| 2013 | 26.9% | -4.5% |
| 2014 | 25.7% | -4.4% |
| 2015 | 22.9% | -10.7% |
| 2016 | 22.0% | -3.9% |
| 2017 | 22.1% | +0.4% |
| 2018 | 22.5% | +2.0% |
| 2019 | 22.2% | -1.7% |
| 2020 | 21.9% | -0.9% |
| 2021 | 23.8% | +8.4% |
| 2022 | 26.4% | +11.1% |
| 2023 | 23.5% | -11.0% |
| 2024 | 24.6% | +4.6% |
| 2025 | 24.2% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 50.8% | 49.1% | 53.3% | 3 |
| 1980s | 44.6% | 31.8% | 60.8% | 10 |
| 1990s | 29.8% | 25.6% | 33.7% | 10 |
| 2000s | 28.2% | 25.8% | 31.9% | 10 |
| 2010s | 25.0% | 22.0% | 29.6% | 10 |
| 2020s | 24.1% | 21.9% | 26.4% | 6 |
Countries ranked near Small states
- 33 Algeria 34.8% compare
- 34 Trinidad and Tobago 34.6% compare
- 35 Norway 34.5% compare
- 36 Republic of Korea 34.3% compare
- 37 Peru 34.3% compare
- 38 Bangladesh 34.0% compare
- 39 Sudan 33.6% compare
More economy & growth data for Small states
- Gross value added at basic prices (GVA) 307.40 billion current US$ (2025)
- Industry (including construction), value added 72.77 billion constant 2015 US$ (2025)
- Industry (including construction), value added 9.8% (2025)
- Trade in services 69.2% (2024)
- Services, value added 163.36 billion constant 2015 US$ (2025)
- Services, value added 3.0% (2025)
- Services, value added 63.5% (2025)
- Inflation, GDP deflator 2.7% (2025)
- GDP per capita 13,255 constant 2015 US$ (2025)
- GDP per capita 16,578 current US$ (2025)
Frequently asked questions
- What is industry (including construction), value added in Small states?
- Industry (including construction), value added in Small states was 24.2% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Small states?
- The highest recorded value was 60.8% in 1980.
- What is the lowest industry (including construction), value added recorded in Small states?
- The lowest recorded value was 21.9% in 2020.
- How does Small states rank for industry (including construction), value added?
- Small states ranks 36th out of 45 groups with data for 2025.
- Is industry (including construction), value added rising or falling in Small states?
- Over the last ten years it is up 5.6%. The long-run trend across the full record is falling.
- Where does this Small states 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.