Austria: Value added by industry as percent of GDP, 1976 - 2020:
For that indicator, we provide data for Austria from 1976 to 2020. The average value for Austria during that period was 28.53 percent with a minimum of 25.17 percent in 2015 and a maximum of 34 percent in 1976.
The latest value from 2020 is 25.72 percent. For comparison, the world average in 2020 based on 146
countries is 25.53 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The importance of industry in the economy of Austria and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.
Definition: 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.