Industry (including construction), value added (% of GDP)



Countries By Industry (including construction), value added (% of GDP)



Key points



Official Definition of Industry (including construction), value added (% of GDP)

Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.



Importance

The Industry (including construction), value added (% of GDP) statistic is significant for a country's economic development. This metric indicates the contribution of the industrial and construction sectors to the overall Gross Domestic Product (GDP). When this value is low, it suggests that the country may be relying more heavily on other sectors like services or agriculture for its economic output. This could indicate a lack of industrial diversification, potential inefficiencies in the industrial sector, or underdevelopment in infrastructure, manufacturing, and construction. Conversely, a high value of Industry (including construction), value added (% of GDP) signifies a robust industrial base, which can stimulate economic growth, create employment opportunities, attract investment, and enhance technological advancement. Countries with a higher value in this statistic often have greater resilience to economic fluctuations and a more balanced economic landscape. Therefore, monitoring and improving this statistic is crucial for policymakers as it can provide insights into a country's economic structure, competitiveness, and potential for sustainable growth.



Top 10 Countries by Industry (including construction), value added (% of GDP)

Bottom 10 Countries by Industry (including construction), value added (% of GDP)



Regions

Europe

The data on Industry (including construction), value added (% of GDP) for the selected countries varies significantly, from as low as 11.31% for Luxembourg to as high as 40.30% for Liechtenstein. Countries like Belarus, Poland, and the Czech Republic show a relatively high percentage, indicating a strong industrial and construction sector. This statistic reflects the level of industrialization and diversification of the economy in each country. While a high value added % suggests a robust industrial base, it may also indicate vulnerability to fluctuations in global demand. Lower percentages may signify a more services-oriented economy with potential challenges in job creation. Overall, this statistic is crucial for assessing the economic resilience and development pathways of these nations.

Far East: East Asia, SE Asia, Australia

Brunei has the highest Industry (including construction) value added (% of GDP) at 59.13%, indicating a significant contribution of the industrial sector to the economy. Countries like China, Indonesia, and Vietnam also have substantial values, demonstrating their strong industrial bases. Japan, while lower at 29.07%, still showcases a well-developed industrial sector. On the other hand, countries like Australia and Singapore have lower percentages, suggesting a more diversified economic structure. Higher values signify industrial strength and potential for manufacturing growth but may also indicate environmental concerns and dependency risks. This statistic is crucial for economic development, as a robust industrial sector can drive innovation, productivity, and exports, ultimately shaping each country's economic trajectory uniquely.

ASEAN

When analyzing the Industry (including construction), value added (% of GDP) statistic for the listed countries, we observe a range of values indicating the contribution of the industrial and construction sectors to their GDP. Brunei stands out with a high value of 59.13%, indicating a significant reliance on these sectors. Meanwhile, countries like Singapore and the Philippines have lower percentages, suggesting a lesser emphasis on industry and construction. For Brunei, this high value signifies a robust industrial base but may also indicate vulnerability to sector-specific downturns. In contrast, countries with lower values may be more diversified but could potentially benefit from further industrial development to spur economic growth.

Latin America

When analyzing the Industry (including construction), value added (% of GDP) statistic for the selected countries, we observe a diverse range of values. Paraguay stands out with the highest value at 34.20%, indicating a significant contribution of the industry and construction sectors to its GDP. Peru, Ecuador, and Mexico also show strong performances in this regard, highlighting their industrial development. On the other hand, Uruguay has the lowest value at 17.67%, potentially indicating room for growth in its industrial sector. While countries like Panama and Bolivia fall within the mid-range, there is variation in how much these nations rely on industrial activities for economic output. Advantages of a high value added percentage include economic diversification and job creation, while potential disadvantages may include environmental concerns or over-dependence on a particular sector. This statistic's impact on development varies; for some countries, it signifies a robust industrial base driving economic growth, while for others, it may suggest the need for policy interventions to boost industrial productivity and competitiveness.

Middle East

The Industry (including construction), value added (% of GDP) statistic provides insights into the economic structure of the listed countries. Qatar stands out with the highest value added at 52.33%, indicating a strong industrial base. Oman and Kuwait also show significant value added, reflecting robust industrial sectors. Conversely, Lebanon and Libya have notably lower percentages, signifying less developed industries. For each country, a high value added implies a diverse industrial base, job creation, and technology integration, supporting economic growth. However, reliance on a particular industry can pose risks if that sector falters. Overall, this statistic underscores the varying levels of industrial development and economic resilience among the countries.



Rivals

Anglosphere v BRICS

Industry (including construction) value added as a percentage of GDP reveals key insights into the economic structures of the listed countries. China leads with 37.84%, showcasing its strong industrial base, while Russia follows with 29.72%, reflecting its resource-driven economy. India and Australia both exhibit values around 25%, indicating diverse industrial sectors. Canada and South Africa show moderate values, suggesting balanced economic activities. The United States and the United Kingdom have lower percentages, possibly due to a stronger service sector. Each country's level of industrial contribution impacts employment, technological advancement, and trade competitiveness, with higher values indicating greater industrialization but potentially posing environmental challenges.

Russia v Ukraine

Industry (including construction), value added (% of GDP) in the Russian Federation stands at 29.72% while in Ukraine it is 20.80%. The Russian Federation has a higher contribution of industry and construction to its GDP compared to Ukraine, indicating a more diversified and robust industrial sector. This can be advantageous for the Russian economy in terms of exports and job creation but may also lead to environmental concerns. On the other hand, Ukraine's lower value suggests a less developed industrial base, potentially indicating a need for further industrialization and investment. The impact of this statistic on both countries' development lies in the efficiency and competitiveness of their industrial sectors, influencing overall economic growth and stability.

France v United Kingdom

In terms of Industry (including construction), value added (% of GDP), France has a percentage of 16.79, while the United Kingdom has a slightly higher percentage of 17.39. France's slightly lower value indicates a comparatively smaller contribution of the industrial and construction sectors to its GDP than the United Kingdom. This suggests that the UK has a slightly more diversified industrial base. The advantage for the UK is a potentially more robust and resilient industrial sector, while for France, a lower value may indicate a more service-oriented economy with potential risks regarding industrial competitiveness. This statistic's impact on development lies in the countries' economic structure and resilience to industrial fluctuations, with each country facing different challenges and opportunities based on their respective value added percentages.

Israel v Iran

Iran has a higher Industry (including construction), value added (% of GDP) at 36.14% compared to Israel's 18.14%. This suggests that Iran has a more significant industrial and construction sector relative to its overall GDP, indicating a more diversified economy. For Iran, this reliance on industry can provide stability and job opportunities but may also lead to environmental challenges and resource depletion. In contrast, Israel's lower value indicates a more service-oriented economy, potentially making it less vulnerable to global manufacturing shocks but could also limit manufacturing job opportunities. The statistic highlights Iran's industrial strength and Israel's service sector focus, shaping their development paths and economic vulnerabilities differently.

Saudi Arabia v Iran

Iran has 36.14% of its GDP coming from the industry (including construction) sector, while Saudi Arabia has 39.62%. Saudi Arabia has a slightly higher reliance on industry compared to Iran. Saudi Arabia benefits from its strong industrial base, particularly in the oil and petrochemical sectors, providing economic stability. However, this heavy reliance on the oil industry can also be a vulnerability due to price volatility. Iran, with a lower industry contribution, has a more diversified economy. Higher industry value added indicates a more robust industrial sector, which can drive innovation, job creation, and overall economic growth in the long term for both countries.

India v Pakistan

India has a higher Industry (including construction) value added (% of GDP) at 25.02% compared to Pakistan's 18.59%. This indicates that India's industrial and construction sectors contribute more to its GDP than Pakistan's. For India, this suggests a more diversified economy with robust manufacturing and construction activities, reflecting potential for higher economic growth and job creation. However, it may also indicate higher environmental impacts and resource depletion. Pakistan's lower value may imply a less developed industrial sector, highlighting a potential need for sectoral reforms and investment to drive economic growth. Overall, the statistic underscores the differing economic structures and development paths of the two countries.

Turkey v Greece

In terms of Industry (including construction), value added (% of GDP), Greece has a value of 14.67% while Turkey has a higher value of 28.03%. Turkey seems to have a more significant contribution from its industrial and construction sectors compared to Greece. For Greece, the lower value indicates a relatively less industrialized economy, potentially facing challenges in diversification and competitiveness. However, this could also mean Greece is less vulnerable to global industrial fluctuations. In contrast, Turkey's higher value suggests a stronger industrial base, providing opportunities for growth but also potentially exposing the economy to sector-specific risks. The level of industrial value added reflects the structural composition of the economy, affecting employment, innovation, and international trade competitiveness differently for each country.

China v Japan

In terms of Industry (including construction) value added as a percentage of GDP, China stands at 37.84% while Japan lags behind at 29.07%. China's higher percentage reflects its robust industrial sector, fueled by manufacturing and construction activities. This indicates a more diversified economy with strong production capabilities. However, this heavy reliance on industry may pose environmental challenges and vulnerability to global trade fluctuations. On the other hand, Japan's lower percentage suggests a more service-oriented economy, potentially indicating higher value addition industries. Yet, it may signal a lack of competitiveness in traditional industries. The statistic suggests that China has a more industrialized economy compared to Japan, which might lead to different developmental trajectories and policy priorities for each country.



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