Value Added (Total Manufacturing) — Value US$, 2015 prices in Northern Europe
Northern Europe: Value Added (Total Manufacturing) — Value US$, 2015 prices was 674,999 million USD in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value US$, 2015 prices in Northern Europe, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for value added (total manufacturing) — value us$, 2015 prices in Northern Europe is 674,999 million USD, measured in 2023.
Compared with earlier readings it is down 6.9% on the previous year and up 37.4% over ten years.
Over the whole period, value added (total manufacturing) — value us$, 2015 prices in Northern Europe peaked at 724,703 million USD in 2022 and was at its lowest, 213,646 million USD, in 1970.
Northern Europe ranks 11th of 29 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value US$, 2015 prices in Northern Europe, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 213,646 million USD | — |
| 1971 | 214,642 million USD | +0.5% |
| 1972 | 220,834 million USD | +2.9% |
| 1973 | 237,356 million USD | +7.5% |
| 1974 | 237,683 million USD | +0.1% |
| 1975 | 227,617 million USD | -4.2% |
| 1976 | 233,133 million USD | +2.4% |
| 1977 | 240,911 million USD | +3.3% |
| 1978 | 244,560 million USD | +1.5% |
| 1979 | 255,513 million USD | +4.5% |
| 1980 | 252,358 million USD | -1.2% |
| 1981 | 242,109 million USD | -4.1% |
| 1982 | 241,997 million USD | -0.0% |
| 1983 | 248,664 million USD | +2.8% |
| 1984 | 260,553 million USD | +4.8% |
| 1985 | 268,760 million USD | +3.1% |
| 1986 | 271,737 million USD | +1.1% |
| 1987 | 281,112 million USD | +3.5% |
| 1988 | 295,086 million USD | +5.0% |
| 1989 | 304,749 million USD | +3.3% |
| 1990 | 303,946 million USD | -0.3% |
| 1991 | 310,052 million USD | +2.0% |
| 1992 | 302,535 million USD | -2.4% |
| 1993 | 303,254 million USD | +0.2% |
| 1994 | 322,302 million USD | +6.3% |
| 1995 | 323,782 million USD | +0.5% |
| 1996 | 328,128 million USD | +1.3% |
| 1997 | 351,600 million USD | +7.2% |
| 1998 | 373,016 million USD | +6.1% |
| 1999 | 394,178 million USD | +5.7% |
| 2000 | 421,037 million USD | +6.8% |
| 2001 | 433,846 million USD | +3.0% |
| 2002 | 451,507 million USD | +4.1% |
| 2003 | 460,566 million USD | +2.0% |
| 2004 | 474,140 million USD | +2.9% |
| 2005 | 485,980 million USD | +2.5% |
| 2006 | 518,442 million USD | +6.7% |
| 2007 | 530,678 million USD | +2.4% |
| 2008 | 519,958 million USD | -2.0% |
| 2009 | 456,549 million USD | -12.2% |
| 2010 | 476,766 million USD | +4.4% |
| 2011 | 485,281 million USD | +1.8% |
| 2012 | 484,025 million USD | -0.3% |
| 2013 | 491,301 million USD | +1.5% |
| 2014 | 507,421 million USD | +3.3% |
| 2015 | 560,986 million USD | +10.6% |
| 2016 | 559,756 million USD | -0.2% |
| 2017 | 577,557 million USD | +3.2% |
| 2018 | 603,629 million USD | +4.5% |
| 2019 | 611,318 million USD | +1.3% |
| 2020 | 634,959 million USD | +3.9% |
| 2021 | 705,735 million USD | +11.1% |
| 2022 | 724,703 million USD | +2.7% |
| 2023 | 674,999 million USD | -6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 232,590 million USD | 213,646 million USD | 255,513 million USD | 10 |
| 1980s | 266,712 million USD | 241,997 million USD | 304,749 million USD | 10 |
| 1990s | 331,279 million USD | 302,535 million USD | 394,178 million USD | 10 |
| 2000s | 475,270 million USD | 421,037 million USD | 530,678 million USD | 10 |
| 2010s | 535,804 million USD | 476,766 million USD | 611,318 million USD | 10 |
| 2020s | 685,099 million USD | 634,959 million USD | 724,703 million USD | 4 |
Countries ranked near Northern Europe
More economy & growth data for Northern Europe
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 110.1 USD (2024)
- Gross Fixed Capital Formation — Value US$ 1.18 million million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.6681 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 1.08 million million USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.29 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.5 % (2024)
- Gross Domestic Product — Annual growth US$ 6.15 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 5.56 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 51,132 USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.13 % (2024)
Frequently asked questions
- What is value added (total manufacturing) — value us$, 2015 prices in Northern Europe?
- Value added (total manufacturing) — value us$, 2015 prices in Northern Europe was 674,999 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Northern Europe?
- The highest recorded value was 724,703 million USD in 2022.
- What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Northern Europe?
- The lowest recorded value was 213,646 million USD in 1970.
- How does Northern Europe rank for value added (total manufacturing) — value us$, 2015 prices?
- Northern Europe ranks 11th out of 29 groups with data for 2023.
- Is value added (total manufacturing) — value us$, 2015 prices rising or falling in Northern Europe?
- Over the last ten years it is up 37.4%. The long-run trend across the full record is rising.
- Where does this Northern Europe data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).