Value Added By Industry

Europe Ranking

as percent of GDPSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1 ↑	Liechtenstein	44.22	2019	2	41.76
2 ↓	Angola	43.39	2021	1	45.73
3	Ireland	40.22	2021	3	37.95
4 ↑	Norway	35.58	2021	12	26.03
5 ↓	Belarus	32.15	2021	4	30.83
6 ↓	Czech Republic	31.21	2021	5	30.76
7 ↓	Slovenia	29.77	2021	6	29.36
8 ↓	Poland	29.3	2021	7	27.68
9 ↑	Romania	27.78	2021	10	26.89
10 ↓	Slovakia	27.48	2021	8	27.36
11 ↓	Armenia	26.93	2021	9	27.06
12 ↓	Germany	26.61	2021	11	26.53
13 ↑	Hungary	26.43	2021	17	24.63
14 ↓	Austria	25.72	2021	13	25.46
15 ↓	Lithuania	25.55	2021	14	24.98
16 ↓	Switzerland	25.25	2020	15	24.95
16	Serbia	25.25	2021	16	24.89
18 ↑	Finland	24.77	2021	19	24.03
19 ↓	Bosnia and Herzegovina	24.62	2021	18	24.55
20 ↑	Ukraine	23.46	2021	29	20.8
21 ↑	Estonia	22.8	2021	22	22.65
22 ↑	Italy	22.58	2021	25	21.61
23 ↑	Bulgaria	21.92	2020	24	21.69
24 ↑	Georgia	21.82	2021	27	21.18
24 ↑	Albania	21.82	2021	31	20.01
26 ↓	Macedonia	21.49	2021	21	22.76
27 ↓	Sweden	21.12	2020	23	21.9
28 ↑	Belgium	20.85	2021	33	19.48
29 ↓	Moldova	20.61	2021	20	22.82
30 ↓	Croatia	20.57	2021	28	21.16
31 ↓	Spain	20.5	2021	30	20.37
32 ↓	Denmark	20.21	2021	26	21.2
33 ↑	Latvia	19.83	2021	34	19.38
34 ↓	Iceland	19.68	2020	32	19.71
35	Portugal	19.23	2021	35	19.36
36	Faroe Islands	19.17	2019	36	17.89
37	Netherlands	18.04	2021	37	17.77
38 ↑	United Kingdom	17.7	2021	39	17.11
39 ↑	Montenegro	17.29	2020	40	16.13
40 ↓	France	16.78	2021	38	17.42
41	Greece	15.95	2021	41	15
42 ↑	Monaco	14.89	2020	43	13.04
43 ↓	Malta	13	2021	42	13.4
44	Cyprus	12.83	2021	44	12.61
45	Andorra	12.66	2020	45	11.7
46	Luxembourg	11.41	2021	46	11.18

Definition of Value Added By Industry

Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). 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 3 or 4.