Industry (including construction), value added in OECD members
OECD members: Industry (including construction), value added was 12.98 trillion current US$ in 2022. ▲ Rising
Industry (including construction), value added in OECD members, 1997–2022
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2022, industry (including construction), value added in OECD members stood at 12.98 trillion current US$. That is the highest value across all 26 years on record.
The figure is up 0.2% on the previous year and up 15.4% over ten years.
Over the whole period, industry (including construction), value added in OECD members peaked at 12.98 trillion current US$ in 2022 and was at its lowest, 6.75 trillion current US$, in 1998.
The long-run direction has been consistently rising across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.89 trillion current US$ | 6.75 trillion current US$ | 7.03 trillion current US$ | 3 |
| 2000s | 8.81 trillion current US$ | 6.88 trillion current US$ | 11.21 trillion current US$ | 10 |
| 2010s | 11.25 trillion current US$ | 10.51 trillion current US$ | 12.02 trillion current US$ | 10 |
| 2020s | 12.45 trillion current US$ | 11.41 trillion current US$ | 12.98 trillion current US$ | 3 |
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 12.98 trillion current US$ in 2022, 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 12.98 trillion current US$ in 2022.
- What is the lowest industry (including construction), value added recorded in OECD members?
- The lowest recorded value was 6.75 trillion current US$ in 1998.
- Is industry (including construction), value added rising or falling in OECD members?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is rising.
- 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 (current US$). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.