In 2023, Ireland showed the highest value added in the industry and services sector with a positive year-on-year variation of 2.64%. South Korea, Indonesia, and Norway faced declines with negative growth, particularly Norway with a -2.46% change. Finland and Greece witnessed slight improvements. In contrast, several countries like Mexico, South Africa, and Austria experienced minor decreases. Over a five-year horizon, the compounded annual growth rate would suggest slower long-term expansion in these sectors, especially for countries showing recent declines or stagnation.
Future trends to watch include the potential impact of sustainability initiatives and technological advancements on industrial outputs. Countries leveraging renewable energy sources and digital transformations may see strengthened performance, altering traditional industry landscapes.
Top countries in Industry (with Energy) Value Added by Country
| # | 10 Countries | Percent of Value Added in Industry and Services | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 41.92 | 2023 | +1.23% | +2.64% | View data |
| 2 | 2 South Korea | 29.68 | 2023 | +0.033% | -1.03% | View data |
| 3 | 3 Indonesia | 28.56 | 2023 | -0.87% | -1.26% | View data |
| 4 | 4 Norway | 25.85 | 2023 | +2.63% | -2.46% | View data |
| 5 | 5 Mexico | 25.02 | 2023 | +0.0025% | -0.11% | View data |
| 6 | 6 South Africa | 24.92 | 2023 | -0.28% | -0.14% | View data |
| 7 | 7 Austria | 21.36 | 2023 | -0.35% | -0.5% | View data |
| 8 | 8 Finland | 21.35 | 2023 | -0.63% | +0.93% | View data |
| 9 | 9 Italy | 20.39 | 2023 | -0.16% | +0.7% | View data |
| 10 | 10 Colombia | 19.99 | 2023 | -2.12% | -2.22% | View data |
