My Data Jungle - Economic and Social Indicators

Indicator: Industry (including construction), value added (constant 2015 US$) - Ranking   2024

Description The Industry (including construction), value added (constant 2015 US$) indicator measures the total economic value generated by industrial activities, including construction, expressed in constant 2015 U.S. dollars. 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 produced minus the value of intermediate goods and services used in production. The indicator is expressed at constant 2015 prices, meaning that the series is adjusted for changes in price levels over time, allowing the evolution of real economic activity to be measured without the direct effect of inflation.
A cosa serve The indicator is used to analyse the real evolution, scale, and economic performance of industry and construction. It can help identify long-term expansion or contraction of industrial value added and assess the role of these activities in economic development and structural transformation. Combined with indicators such as manufacturing output, industrial employment, investment, productivity, and exports, it can provide a broader assessment of industrial capacity and its contribution to national economic activity.
Unit of measure Millions of $
Aggregation Operator Average

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