Austria vs North Macedonia: Industry (including construction), value added
Industry (including construction), value added over time
- Austria
- North Macedonia
How they compare
North Macedonia currently reports 106.51 billion constant LCU against 99.57 billion constant LCU in Austria, a difference of 6.94 billion constant LCU.
That makes North Macedonia's figure about 1.1 times Austria's.
The two have swapped places 4 times across 36 shared years of data; in 1990 it was North Macedonia ahead.
Globally, Austria ranks 102nd and North Macedonia ranks 101st of 199 countries.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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 in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.