Value Added (Total Manufacturing) — Value US$ in Europe
Europe: Value Added (Total Manufacturing) — Value US$ was 3.52 million million USD in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value US$ in Europe, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, value added (total manufacturing) — value us$ in Europe stood at 3.52 million million USD. That is the highest value across all 54 years on record.
The figure is up 6.6% on the previous year and up 19.4% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Europe peaked at 3.52 million million USD in 2023 and was at its lowest, 486,587 million USD, in 1970.
Europe ranks 5th of 32 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 834,649 million USD | 486,587 million USD | 1.20 million million USD | 10 |
| 1980s | 1.28 million million USD | 1.05 million million USD | 1.60 million million USD | 10 |
| 1990s | 1.77 million million USD | 1.59 million million USD | 1.88 million million USD | 10 |
| 2000s | 2.31 million million USD | 1.61 million million USD | 3.22 million million USD | 10 |
| 2010s | 2.90 million million USD | 2.70 million million USD | 3.10 million million USD | 10 |
| 2020s | 3.27 million million USD | 2.91 million million USD | 3.52 million million USD | 4 |
Countries ranked near Europe
More economy & growth data for Europe
- GDP Deflator — Value US$, 2015 prices 122.41 USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -0.5895 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.68 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.04 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 20.98 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 4.65 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 5.68 million million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.4 % (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 122.03 USD (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.92 % (2024)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Europe?
- Value added (total manufacturing) — value us$ in Europe was 3.52 million million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Europe?
- The highest recorded value was 3.52 million million USD in 2023.
- What is the lowest value added (total manufacturing) — value us$ recorded in Europe?
- The lowest recorded value was 486,587 million USD in 1970.
- How does Europe rank for value added (total manufacturing) — value us$?
- Europe ranks 5th out of 32 groups with data for 2023.
- Is value added (total manufacturing) — value us$ rising or falling in Europe?
- Over the last ten years it is up 19.4%. The long-run trend across the full record is rising.
- Where does this 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$. 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).