Indicator: Industry (including construction), value added (annual % growth) - Ranking 2024

Description	The Industry (including construction), value added (annual % growth) indicator measures the annual percentage change in the real value added generated by industry, including construction. According to the World Bank, industry corresponds to ISIC (Rev. 4) divisions 05–43 and comprises mining, manufacturing, construction, electricity, water, and gas industries. Value added represents the contribution of these activities to the economy and is calculated as the total value of output minus the value of intermediate goods and services used in production. The indicator measures the percentage change compared with the previous year in the value-added series expressed in constant 2015 U.S. dollars, thereby focusing on changes in real economic activity rather than changes caused by price variations.
A cosa serve	The indicator is used to monitor industrial economic performance and changes in the productive cycle. It can help identify accelerations, slowdowns, contractions, and recoveries in industry and construction, providing information relevant to the analysis of economic growth and structural transformation. When combined with indicators such as manufacturing output, industrial employment, investment, productivity, and exports, it can provide a broader assessment of the evolution and contribution of industry to overall economic activity.
Unit of measure	%
Aggregation Operator	Average

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