Norway: Share of industry

The latest value from 2024 is 36.95 percent, a decline from 39.07 percent in 2023. In comparison, the world average is 26.19 percent, based on data from 167 countries. Historically, the average for Norway from 1970 to 2024 is 32.46 percent. The minimum value, 26.12 percent, was reached in 1971 while the maximum of 49.13 percent was recorded in 2022. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

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.