Finland: Share of industry

* indicates monthly or quarterly data series
 Finland

Value added by industry as percent of GDP

 Latest value 24.53
 Year 2023
 Measure percent
 Data availability 1975 - 2023
 Average 28.74
 Min - Max 23.10 - 35.49
 Source The World Bank
The latest value from 2023 is 24.53 percent, a decline from 25.14 percent in 2022. In comparison, the world average is 26.05 percent, based on data from 152 countries. Historically, the average for Finland from 1975 to 2023 is 28.74 percent. The minimum value, 23.1 percent, was reached in 2014 while the maximum of 35.49 percent was recorded in 1975. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Finland - Share of industry - Recent values chart

Historical series
Finland - Share of industry - historical chart - 1975-2023




The importance of industry in the economy of Finland 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 (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). 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 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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 Related indicators Latest Reference Measure
 Share of industry 24.53 2023 percent
 Share of manufacturing 14.98 2023 percent
 Share of services 60.68 2023 percent
 Industry value added 73.64 2023 billion U.S. dollars
 Manufacturing value added 44.97 2023 billion U.S. dollars
 Services value added 182.15 2023 billion U.S. dollars
 Savings, percent of GDP 21.39 2023 percent
 Savings, in dollars 64.03 2023 billion U.S. dollars
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