Norway: Share of industry

* indicates monthly or quarterly data series
 Norway

Value added by industry as percent of GDP

 Latest value 38.98
 Year 2023
 Measure percent
 Data availability 1970 - 2023
 Average 32.38
 Min - Max 26.12 - 49.16
 Source The World Bank
The latest value from 2023 is 38.98 percent, a decline from 49.16 percent in 2022. In comparison, the world average is 26.05 percent, based on data from 152 countries. Historically, the average for Norway from 1970 to 2023 is 32.38 percent. The minimum value, 26.12 percent, was reached in 1971 while the maximum of 49.16 percent was recorded in 2022. 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
Norway - Share of industry - Recent values chart

Historical series
Norway - Share of industry - historical chart - 1970-2023




The importance of industry in the economy of Norway 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 38.98 2023 percent
 Share of manufacturing 6.07 2023 percent
 Share of services 49.99 2023 percent
 Industry value added 189.23 2023 billion U.S. dollars
 Manufacturing value added 29.46 2023 billion U.S. dollars
 Services value added 242.72 2023 billion U.S. dollars
 Savings, percent of GDP 43.24 2023 percent
 Savings, in dollars 209.38 2023 billion U.S. dollars
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