Machinery and transport equipment in Norway
Norway: Machinery and transport equipment was 27.1% in 2023. ▲ Rising
Machinery and transport equipment in Norway, 1963–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
In 2023, machinery and transport equipment in Norway stood at 27.1%.
That represents a change of up 11.1% on the previous year and down 28.4% over ten years.
Over the whole period, machinery and transport equipment in Norway peaked at 37.9% in 2013 and was at its lowest, 15.3%, in 1963.
That places Norway 25th out of 149 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 61 years of available data.
Machinery and transport equipment in Norway, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1963 | 15.3% | — |
| 1964 | 16.2% | +5.6% |
| 1965 | 16.5% | +2.2% |
| 1966 | 17.4% | +5.1% |
| 1967 | 18.5% | +6.3% |
| 1968 | 16.4% | -11.5% |
| 1969 | 19.5% | +19.3% |
| 1970 | 17.7% | -9.0% |
| 1971 | 17.8% | +0.2% |
| 1972 | 17.8% | +0.3% |
| 1973 | 18.5% | +4.0% |
| 1974 | 18.4% | -1.0% |
| 1975 | 21.4% | +16.4% |
| 1976 | 22.6% | +5.7% |
| 1977 | 21.5% | -4.6% |
| 1978 | 22.0% | +2.2% |
| 1979 | 20.8% | -5.7% |
| 1980 | 20.7% | -0.3% |
| 1981 | 22.2% | +7.2% |
| 1982 | 22.7% | +2.3% |
| 1983 | 19.6% | -13.5% |
| 1984 | 19.0% | -3.4% |
| 1985 | 21.3% | +12.5% |
| 1986 | 19.4% | -8.9% |
| 1987 | 18.7% | -3.7% |
| 1988 | 17.1% | -8.9% |
| 1989 | 17.0% | -0.5% |
| 1990 | 19.4% | +14.3% |
| 1991 | 22.2% | +14.5% |
| 1992 | 21.8% | -1.6% |
| 1993 | 22.4% | +2.7% |
| 1994 | 22.1% | -1.6% |
| 1995 | 21.4% | -3.0% |
| 1996 | 22.3% | +4.2% |
| 1997 | 23.5% | +5.5% |
| 1998 | 26.8% | +13.8% |
| 1999 | 24.7% | -7.8% |
| 2000 | 22.5% | -8.8% |
| 2001 | 23.0% | +2.1% |
| 2002 | 24.4% | +6.0% |
| 2003 | 22.8% | -6.4% |
| 2004 | 22.5% | -1.3% |
| 2005 | 23.9% | +6.2% |
| 2006 | 26.5% | +10.6% |
| 2007 | 27.1% | +2.4% |
| 2008 | 29.9% | +10.3% |
| 2009 | 37.8% | +26.3% |
| 2010 | 35.1% | -7.1% |
| 2011 | 35.8% | +2.0% |
| 2012 | 36.9% | +3.2% |
| 2013 | 37.9% | +2.6% |
| 2014 | 33.7% | -10.9% |
| 2015 | 34.7% | +2.7% |
| 2016 | 29.5% | -14.8% |
| 2017 | 23.5% | -20.6% |
| 2018 | 27.2% | +15.9% |
| 2019 | 24.7% | -9.2% |
| 2020 | 27.9% | +13.2% |
| 2021 | 22.3% | -20.2% |
| 2022 | 24.4% | +9.6% |
| 2023 | 27.1% | +11.1% |
Norway compared with similar countries
- Norway's 27.1% is above the median for high income countries, which is 20.4%, 1.3× the median. (56 countries reporting)
- Norway's 27.1% is above the median for Europe & Central Asia, which is 18.9%, 1.4× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.1% | 15.3% | 19.5% | 7 |
| 1970s | 19.9% | 17.7% | 22.6% | 10 |
| 1980s | 19.8% | 17.0% | 22.7% | 10 |
| 1990s | 22.7% | 19.4% | 26.8% | 10 |
| 2000s | 26.0% | 22.5% | 37.8% | 10 |
| 2010s | 31.9% | 23.5% | 37.9% | 10 |
| 2020s | 25.5% | 22.3% | 27.9% | 4 |
Countries ranked near Norway
More economy & growth data for Norway
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7416 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.11 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 198.35 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -7.82 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -164.45 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0147 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -1,394 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is machinery and transport equipment in Norway?
- Machinery and transport equipment in Norway was 27.1% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Norway?
- The highest recorded value was 37.9% in 2013.
- What is the lowest machinery and transport equipment recorded in Norway?
- The lowest recorded value was 15.3% in 1963.
- How does Norway rank for machinery and transport equipment?
- Norway ranks 25th out of 149 countries with data for 2023.
- Is machinery and transport equipment rising or falling in Norway?
- Over the last ten years it is down 28.4%. The long-run trend across the full record is rising.
- Where does this Norway data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. 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 value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).