Report

Industry in EU – 19% of total gross value added and 15% of employment

In 2015, industry was still the largest economic activity in the European Union (EU) in terms of output generated. Accounting for 19.3% of EU total gross value added (GVA), industry was immediately ahead of the economic activities “Public administration, defence, education, human health and social work activities” (19.1%) and “Wholesale and retail trade, transport, accommodation and food services” (18.9%). “Real estate activities” (11.2%) and “Professional, scientific and technical activities” (10.9%) had also a significant share of EU total gross value added.
The respective shares of these economic activities have however followed contrasting trends over the last twenty years. The percentage of gross value added generated increased in “Professional, scientific and technical activities” (from 8.5% in 1995 to 10.9% in 2015, or +2.4 percentage points – pp), “Public administration, defence, education, human health and social work activities” (+1.1 pp), “Real estate activities” (+1.0 pp). It remained nearly stable at around 19% in “Wholesale and retail trade, transport, accommodation and food services”. In contrast, the share of industry notably decreased (from 23.3% in 1995 to 19.3% in 2015, or -4.0 pp) as did that of agriculture, forestry and fishing (by -1.1 pp).

Similar trends can be observed for the shares of these economic activities in total employment. Almost half of EU employment was concentrated in 2015 in two economic activities: “Wholesale and retail trade, transport, accommodation and food services” (24.6%) and “Public administration, defence, education, human health and social work activities” (23.6%), both activities having seen their respective weight in total employment slightly increase over the last twenty years. In contrast, the share of industry in EU employment fell from 20.9% in 1995 to 15.4% in 2015.

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Chosen excerpts by Job Market Monitor. Read the whole story at  EU Industry accounts for just over 19% of total gross value added and 15% of employment

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