Manufacturing, value added (constant 2015 US$) in OECD members
OECD members: Manufacturing, value added (constant 2015 US$) was 7.62 trillion constant 2015 US$ in 2024. ▲ Rising
Manufacturing, value added in OECD members, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, manufacturing, value added in OECD members stood at 7.62 trillion constant 2015 US$.
Compared with earlier readings it is down 1.0% on the previous year and up 17.7% over ten years.
Over the whole period, manufacturing, value added in OECD members peaked at 7.76 trillion constant 2015 US$ in 2022 and was at its lowest, 4.81 trillion constant 2015 US$, in 1997.
That places OECD members 2nd out of 35 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 28 years of available data.
Manufacturing, value added (constant 2015 US$) in OECD members, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1997 | 4.81 trillion constant 2015 US$ | — |
| 1998 | 4.86 trillion constant 2015 US$ | +1.1% |
| 1999 | 4.98 trillion constant 2015 US$ | +2.4% |
| 2000 | 5.30 trillion constant 2015 US$ | +6.5% |
| 2001 | 5.30 trillion constant 2015 US$ | -0.0% |
| 2002 | 5.32 trillion constant 2015 US$ | +0.3% |
| 2003 | 5.42 trillion constant 2015 US$ | +2.0% |
| 2004 | 5.64 trillion constant 2015 US$ | +4.1% |
| 2005 | 5.81 trillion constant 2015 US$ | +2.9% |
| 2006 | 6.11 trillion constant 2015 US$ | +5.2% |
| 2007 | 6.35 trillion constant 2015 US$ | +4.1% |
| 2008 | 6.31 trillion constant 2015 US$ | -0.8% |
| 2009 | 5.50 trillion constant 2015 US$ | -12.8% |
| 2010 | 6.06 trillion constant 2015 US$ | +10.3% |
| 2011 | 6.25 trillion constant 2015 US$ | +3.0% |
| 2012 | 6.25 trillion constant 2015 US$ | +0.1% |
| 2013 | 6.27 trillion constant 2015 US$ | +0.3% |
| 2014 | 6.47 trillion constant 2015 US$ | +3.2% |
| 2015 | 6.67 trillion constant 2015 US$ | +3.1% |
| 2016 | 6.79 trillion constant 2015 US$ | +1.7% |
| 2017 | 7.04 trillion constant 2015 US$ | +3.7% |
| 2018 | 7.24 trillion constant 2015 US$ | +2.9% |
| 2019 | 7.27 trillion constant 2015 US$ | +0.4% |
| 2020 | 6.89 trillion constant 2015 US$ | -5.3% |
| 2021 | 7.51 trillion constant 2015 US$ | +9.1% |
| 2022 | 7.76 trillion constant 2015 US$ | +3.3% |
| 2023 | 7.70 trillion constant 2015 US$ | -0.8% |
| 2024 | 7.62 trillion constant 2015 US$ | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.88 trillion constant 2015 US$ | 4.81 trillion constant 2015 US$ | 4.98 trillion constant 2015 US$ | 3 |
| 2000s | 5.71 trillion constant 2015 US$ | 5.30 trillion constant 2015 US$ | 6.35 trillion constant 2015 US$ | 10 |
| 2010s | 6.63 trillion constant 2015 US$ | 6.06 trillion constant 2015 US$ | 7.27 trillion constant 2015 US$ | 10 |
| 2020s | 7.49 trillion constant 2015 US$ | 6.89 trillion constant 2015 US$ | 7.76 trillion constant 2015 US$ | 5 |
Countries ranked near OECD members
- 1 Japan 935.45 billion constant 2015 US$ compare
- 2 Germany 703.85 billion constant 2015 US$ compare
- 3 India 595.25 billion constant 2015 US$ compare
- 4 South Korea 546.69 billion constant 2015 US$ compare
- 5 United Kingdom 305.69 billion constant 2015 US$ compare
More economy & growth data for OECD members
- GDP (constant 2015 US$), annual growth rate 1.77 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 40,416 current US$ per person (2021)
- GDP (current US$), annual growth rate 6.24 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.9988 current US$ per US$ of GDP (2024)
- GDP (current US$), per capita 51,734 current US$ per person (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7976 constant 2015 US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), annual growth rate 3.16 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 41,261 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9292 current US$ per US$ of GDP (2021)
- Gross national expenditure (current US$), annual growth rate 4.19 % change on previous year (2024)
Frequently asked questions
- What is manufacturing, value added in OECD members?
- Manufacturing, value added in OECD members was 7.62 trillion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in OECD members?
- The highest recorded value was 7.76 trillion constant 2015 US$ in 2022.
- What is the lowest manufacturing, value added recorded in OECD members?
- The lowest recorded value was 4.81 trillion constant 2015 US$ in 1997.
- How does OECD members rank for manufacturing, value added?
- OECD members ranks 2nd out of 35 groups with data for 2024.
- Is manufacturing, value added rising or falling in OECD members?
- Over the last ten years it is up 17.7%. The long-run trend across the full record is rising.
- Where does this OECD members data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.