Ireland leads the global industry in terms of Gross Value Added (GVA), demonstrating significant growth of 15.22% from the previous year. Cyprus, Lithuania, and Costa Rica also exhibit robust performances with growth rates exceeding 4%. In contrast, key economies like Germany, France, and South Africa faced declines in their GVA, indicating challenges in these markets. Over the past five years, industry growth across participating countries varied, with emerging markets gaining momentum while some larger economies stagnated or declined.
In the future, watch for:
- Continued growth in emerging markets with high technology adoption and sustainable energy solutions.
- Potential recovery in historically robust economies due to policy adjustments and increased industrial investments.
- The impact of global energy transitions on industrial growth and competitiveness.
Top countries in Industry (Including Energy) Gross Value Added by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 207.3 | 2022 | +18.65% | +15.22% | View data |
| 2 | 2 Cyprus | 148.92 | 2022 | +2.69% | +5.22% | View data |
| 3 | 3 Lithuania | 138.14 | 2022 | +5.83% | +4.9% | View data |
| 4 | 4 Costa Rica | 137.16 | 2022 | +3.03% | +4.79% | View data |
| 5 | 5 Denmark | 134.69 | 2022 | +8.52% | +3.78% | View data |
| 6 | 6 Switzerland | 127.6 | 2022 | +3.63% | +3.49% | View data |
| 7 | 7 Slovenia | 126.86 | 2022 | -2.67% | +2.46% | View data |
| 8 | 8 Greece | 125.48 | 2022 | +1.61% | +3.89% | View data |
| 9 | 9 Latvia | 124.9 | 2022 | -0.081% | +2.83% | View data |
| 10 | 10 Indonesia | 120.8 | 2022 | +4.82% | +2.51% | View data |
