Norway: Manufacturing value added

The latest value from 2023 is 29.41 billion U.S. dollars, an increase from 29.3 billion U.S. dollars in 2022. In comparison, the world average is 78.73 billion U.S. dollars, based on data from 153 countries. Historically, the average for Norway from 1970 to 2023 is 17.44 billion U.S. dollars. The minimum value, 2.27 billion U.S. dollars, was reached in 1970 while the maximum of 36.33 billion U.S. dollars was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. 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. Data are in current U.S. dollars.