Industry growth relates to GDP growth
Comparing Gross value added at basic prices (GVA) (constant LCU), annual growth rate with Industry (including construction), value added (constant LCU), annual growth rate across 195 countries, 2009–2025.
- Rank correlation
- +0.72
- Holding size constant
- +0.71
- Countries compared
- 195
- Period
- 2009–2025
What might link these
The growth rate of industry value added and gross value added at basic prices might be linked through overall economic activity, as a strong industry sector can contribute to a country's GDP growth. However, a careful reader should be cautious about inferring causation and consider other factors such as government policies or technological advancements. A likely confounder could be investment in infrastructure.
Why this is not proof of anything
This is a correlation across countries, not an experiment. It cannot show that either indicator causes the other, and both may simply follow a third thing. This correlation could mislead by suggesting a direct causal relationship between the two indicators, when in fact they might both be driven by underlying economic factors.
The second figure above repeats the measurement with national population and income held constant. It is the more conservative number: a relationship that largely disappears there was mostly telling you that larger, richer countries have more of most things.
How this was measured
Both indicators were ranked across every country reporting each, and the two rankings compared — ranks rather than raw values, because a handful of very large countries can otherwise manufacture a relationship on their own. The calculation is arithmetic over figures already published on this site; the commentary above is drafted from the two indicator names and the resulting coefficients.