Manufacturing, value added in Small states
Small states: Manufacturing, value added was 7.8% in 2024. ▼ Falling
Manufacturing, value added in Small states, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for manufacturing, value added in Small states is 7.8%, measured in 2024. That is the lowest value across all 30 years on record.
The figure is down 4.1% on the previous year and down 16.4% over ten years.
Over the whole period, manufacturing, value added in Small states peaked at 13.2% in 1995 and was at its lowest, 7.8%, in 2024.
Small states ranks 43rd of 45 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Manufacturing, value added in Small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 13.2% | — |
| 1996 | 13.1% | -1.0% |
| 1997 | 12.7% | -3.0% |
| 1998 | 12.7% | -0.4% |
| 1999 | 12.0% | -5.6% |
| 2000 | 12.2% | +1.7% |
| 2001 | 11.9% | -1.9% |
| 2002 | 11.7% | -1.8% |
| 2003 | 11.7% | -0.2% |
| 2004 | 11.4% | -2.1% |
| 2005 | 10.7% | -6.6% |
| 2006 | 10.7% | -0.3% |
| 2007 | 10.2% | -4.0% |
| 2008 | 10.3% | +0.6% |
| 2009 | 10.1% | -1.7% |
| 2010 | 10.4% | +2.2% |
| 2011 | 10.3% | -0.7% |
| 2012 | 9.9% | -3.4% |
| 2013 | 9.2% | -7.6% |
| 2014 | 9.3% | +1.7% |
| 2015 | 8.9% | -4.3% |
| 2016 | 9.1% | +2.1% |
| 2017 | 9.0% | -1.6% |
| 2018 | 9.0% | +0.2% |
| 2019 | 8.5% | -5.9% |
| 2020 | 8.9% | +5.3% |
| 2021 | 9.3% | +4.2% |
| 2022 | 9.1% | -1.8% |
| 2023 | 8.2% | -10.8% |
| 2024 | 7.8% | -4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.7% | 12.0% | 13.2% | 5 |
| 2000s | 11.1% | 10.1% | 12.2% | 10 |
| 2010s | 9.4% | 8.5% | 10.4% | 10 |
| 2020s | 8.7% | 7.8% | 9.3% | 5 |
Countries ranked near Small states
More economy & growth data for Small states
- GDP 337.31 billion current US$ (2025)
- Industry (including construction), value added 24.2% (2025)
- Services, value added 214.20 billion current US$ (2025)
- Services, value added 163.36 billion constant 2015 US$ (2025)
- Trade in services 69.2% (2024)
- Services, value added 63.5% (2025)
- Inflation, GDP deflator 2.7% (2025)
- Gross value added at basic prices (GVA) 307.40 billion current US$ (2025)
- Gross value added at basic prices (GVA) 247.79 billion constant 2015 US$ (2025)
- Gross domestic savings 75.31 billion current US$ (2025)
Frequently asked questions
- What is manufacturing, value added in Small states?
- Manufacturing, value added in Small states was 7.8% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Small states?
- The highest recorded value was 13.2% in 1995.
- What is the lowest manufacturing, value added recorded in Small states?
- The lowest recorded value was 7.8% in 2024.
- How does Small states rank for manufacturing, value added?
- Small states ranks 43rd out of 45 groups with data for 2024.
- Is manufacturing, value added rising or falling in Small states?
- Over the last ten years it is down 16.4%. 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 Manufacturing, value added (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 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 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.