Industry (including construction), value added in OECD members
OECD members: Industry (including construction), value added was -0.8% in 2024. ◆ Volatile
Industry (including construction), value added in OECD members, 1998–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for industry (including construction), value added in OECD members is -0.8%, measured in 2024.
Compared with earlier readings it is down 182.5% on the previous year and down 129.3% over ten years.
Over the whole period, industry (including construction), value added in OECD members peaked at 6.7% in 2021 and was at its lowest, -9.4%, in 2009.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.3% | 0.8% | 1.9% | 2 |
| 2000s | 0.8% | -9.4% | 4.3% | 10 |
| 2010s | 2.1% | -0.0% | 6.3% | 10 |
| 2020s | 0.5% | -4.8% | 6.7% | 5 |
More economy & growth data for OECD members
- Final consumption expenditure 52.86 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.3% (2024)
- Agriculture, forestry, and fishing, value added 0.7% (2024)
- Agriculture, forestry, and fishing, value added 731.26 billion constant 2015 US$ (2024)
- Households and NPISHs final consumption expenditure 60.1% (2024)
- Final consumption expenditure 2.2% (2024)
- Gross national expenditure 56.77 trillion constant 2015 US$ (2024)
- Gross national expenditure 68.20 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita 24,690 constant 2015 US$ (2024)
- Final consumption expenditure 44.42 trillion constant 2015 US$ (2024)
Frequently asked questions
- What is industry (including construction), value added in OECD members?
- Industry (including construction), value added in OECD members was -0.8% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in OECD members?
- The highest recorded value was 6.7% in 2021.
- What is the lowest industry (including construction), value added recorded in OECD members?
- The lowest recorded value was -9.4% in 2009.
- Is industry (including construction), value added rising or falling in OECD members?
- Over the last ten years it is down 129.3%. The long-run trend across the full record is volatile.
- Where does this OECD members data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.