Value Added (Total Manufacturing) — Value US$, 2015 prices in Southern Europe
Southern Europe: Value Added (Total Manufacturing) — Value US$, 2015 prices was 515,141 million USD in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value US$, 2015 prices in Southern Europe, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for value added (total manufacturing) — value us$, 2015 prices in Southern Europe is 515,141 million USD, measured in 2023.
That represents a change of up 0.2% on the previous year and up 14.8% over ten years.
Over the whole period, value added (total manufacturing) — value us$, 2015 prices in Southern Europe peaked at 560,435 million USD in 2007 and was at its lowest, 212,517 million USD, in 1970.
That places Southern Europe 12th out of 29 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value US$, 2015 prices in Southern Europe, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 212,517 million USD | — |
| 1971 | 220,632 million USD | +3.8% |
| 1972 | 241,021 million USD | +9.2% |
| 1973 | 270,965 million USD | +12.4% |
| 1974 | 290,694 million USD | +7.3% |
| 1975 | 281,850 million USD | -3.0% |
| 1976 | 309,084 million USD | +9.7% |
| 1977 | 324,011 million USD | +4.8% |
| 1978 | 337,257 million USD | +4.1% |
| 1979 | 358,317 million USD | +6.2% |
| 1980 | 370,131 million USD | +3.3% |
| 1981 | 367,757 million USD | -0.6% |
| 1982 | 363,813 million USD | -1.1% |
| 1983 | 364,593 million USD | +0.2% |
| 1984 | 373,325 million USD | +2.4% |
| 1985 | 386,653 million USD | +3.6% |
| 1986 | 395,836 million USD | +2.4% |
| 1987 | 414,394 million USD | +4.7% |
| 1988 | 440,124 million USD | +6.2% |
| 1989 | 461,011 million USD | +4.7% |
| 1990 | 449,416 million USD | -2.5% |
| 1991 | 444,967 million USD | -1.0% |
| 1992 | 438,547 million USD | -1.4% |
| 1993 | 423,591 million USD | -3.4% |
| 1994 | 444,603 million USD | +5.0% |
| 1995 | 462,680 million USD | +4.1% |
| 1996 | 458,655 million USD | -0.9% |
| 1997 | 477,834 million USD | +4.2% |
| 1998 | 488,819 million USD | +2.3% |
| 1999 | 494,225 million USD | +1.1% |
| 2000 | 510,175 million USD | +3.2% |
| 2001 | 518,197 million USD | +1.6% |
| 2002 | 525,656 million USD | +1.4% |
| 2003 | 523,183 million USD | -0.5% |
| 2004 | 527,798 million USD | +0.9% |
| 2005 | 531,490 million USD | +0.7% |
| 2006 | 549,830 million USD | +3.5% |
| 2007 | 560,435 million USD | +1.9% |
| 2008 | 547,667 million USD | -2.3% |
| 2009 | 458,612 million USD | -16.3% |
| 2010 | 505,952 million USD | +10.3% |
| 2011 | 487,015 million USD | -3.7% |
| 2012 | 453,202 million USD | -6.9% |
| 2013 | 448,918 million USD | -0.9% |
| 2014 | 449,135 million USD | +0.0% |
| 2015 | 463,366 million USD | +3.2% |
| 2016 | 470,026 million USD | +1.4% |
| 2017 | 494,658 million USD | +5.2% |
| 2018 | 497,584 million USD | +0.6% |
| 2019 | 499,224 million USD | +0.3% |
| 2020 | 433,098 million USD | -13.2% |
| 2021 | 494,942 million USD | +14.3% |
| 2022 | 514,018 million USD | +3.9% |
| 2023 | 515,141 million USD | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 284,635 million USD | 212,517 million USD | 358,317 million USD | 10 |
| 1980s | 393,764 million USD | 363,813 million USD | 461,011 million USD | 10 |
| 1990s | 458,334 million USD | 423,591 million USD | 494,225 million USD | 10 |
| 2000s | 525,304 million USD | 458,612 million USD | 560,435 million USD | 10 |
| 2010s | 476,908 million USD | 448,918 million USD | 505,952 million USD | 10 |
| 2020s | 489,300 million USD | 433,098 million USD | 515,141 million USD | 4 |
Countries ranked near Southern Europe
More economy & growth data for Southern Europe
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 117.6 USD (2024)
- Gross Fixed Capital Formation — Value US$ 1.05 million million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.17 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 890,910 million USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.86 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.14 % (2024)
- Gross Domestic Product — Annual growth US$ 4.81 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 4.18 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 27,640 USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 3.1 % (2024)
Frequently asked questions
- What is value added (total manufacturing) — value us$, 2015 prices in Southern Europe?
- Value added (total manufacturing) — value us$, 2015 prices in Southern Europe was 515,141 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Southern Europe?
- The highest recorded value was 560,435 million USD in 2007.
- What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Southern Europe?
- The lowest recorded value was 212,517 million USD in 1970.
- How does Southern Europe rank for value added (total manufacturing) — value us$, 2015 prices?
- Southern Europe ranks 12th out of 29 groups with data for 2023.
- Is value added (total manufacturing) — value us$, 2015 prices rising or falling in Southern Europe?
- Over the last ten years it is up 14.8%. The long-run trend across the full record is rising.
- Where does this Southern 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).