Manufacturing, value added in High income
High income: Manufacturing, value added was 12.0% in 2024. ▼ Falling
Manufacturing, value added in High income, 1997–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, manufacturing, value added in High income stood at 12.0%. That is the lowest value across all 28 years on record.
The figure is down 2.7% on the previous year and down 11.3% over ten years.
Over the whole period, manufacturing, value added in High income peaked at 17.8% in 1997 and was at its lowest, 12.0%, in 2024.
High income ranks 32nd of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Manufacturing, value added in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1997 | 17.8% | — |
| 1998 | 17.5% | -1.6% |
| 1999 | 17.3% | -1.2% |
| 2000 | 17.2% | -0.5% |
| 2001 | 16.2% | -5.8% |
| 2002 | 15.8% | -2.9% |
| 2003 | 15.6% | -1.2% |
| 2004 | 15.5% | -0.5% |
| 2005 | 15.2% | -1.8% |
| 2006 | 15.0% | -1.2% |
| 2007 | 14.9% | -0.8% |
| 2008 | 14.4% | -3.2% |
| 2009 | 13.5% | -6.2% |
| 2010 | 14.1% | +4.3% |
| 2011 | 14.0% | -1.0% |
| 2012 | 13.8% | -1.3% |
| 2013 | 13.5% | -2.1% |
| 2014 | 13.5% | +0.4% |
| 2015 | 13.8% | +2.0% |
| 2016 | 13.7% | -0.6% |
| 2017 | 13.7% | -0.0% |
| 2018 | 13.7% | +0.1% |
| 2019 | 13.4% | -2.3% |
| 2020 | 13.2% | -1.5% |
| 2021 | 13.3% | +0.3% |
| 2022 | 12.5% | -5.8% |
| 2023 | 12.3% | -1.2% |
| 2024 | 12.0% | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.6% | 17.3% | 17.8% | 3 |
| 2000s | 15.3% | 13.5% | 17.2% | 10 |
| 2010s | 13.7% | 13.4% | 14.1% | 10 |
| 2020s | 12.7% | 12.0% | 13.3% | 5 |
Countries ranked near High income
More economy & growth data for High income
- Industry (including construction), value added 12.75 trillion constant 2015 US$ (2024)
- Industry (including construction), value added (constant 2015 US$) 8,995 constant 2015 US$ per person (2024)
- Agriculture, forestry, and fishing, value added 717.59 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added -0.3% (2024)
- Services, value added (current US$), annual growth rate 10.76 % change on previous year (2021)
- Manufacturing, value added 8.09 trillion constant 2015 US$ (2024)
- Services, value added (current US$), per unit of GDP 0.691 current US$ per US$ of GDP (2021)
- Industry (including construction), value added 15.39 trillion current US$ (2024)
- Services, value added 69.1% (2021)
- Services, value added 43.80 trillion current US$ (2021)
Frequently asked questions
- What is manufacturing, value added in High income?
- Manufacturing, value added in High income was 12.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in High income?
- The highest recorded value was 17.8% in 1997.
- What is the lowest manufacturing, value added recorded in High income?
- The lowest recorded value was 12.0% in 2024.
- How does High income rank for manufacturing, value added?
- High income ranks 32nd out of 47 groups with data for 2024.
- Is manufacturing, value added rising or falling in High income?
- Over the last ten years it is down 11.3%. 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 Manufacturing, value added (% of GDP). Statizoid updates them automatically from the source API.
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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 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.