My Data Jungle - Economic and Social Indicators

Indicator: Chemicals (% of value added in manufacturing) - Ranking   2024

Description The Chemicals (% of value added in manufacturing) indicator measures the contribution of the chemical industry to total manufacturing value added. It covers the manufacturing of chemicals and chemical products classified under ISIC Revision 3, Division 24. Value added represents the economic contribution generated by an industry, calculated as the total value of its output minus the value of the intermediate goods and services used in production. The indicator is expressed as a percentage of total manufacturing value added, corresponding to the contribution of the manufacturing sector under ISIC Revision 3, Major Division D.
A cosa serve The indicator is used to analyze the structure and specialization of manufacturing economies, compare the relative importance of chemical industries across countries, and monitor changes in the position of the chemical sector over time. It can also support analysis of industrial diversification, manufacturing development, and the economic role of chemical production within the broader industrial sector.
Interpretation: A higher value indicates that the chemical industry represents a larger share of total manufacturing value added, whereas a lower value indicates a smaller relative contribution. The indicator measures the sector's importance within manufacturing rather than the absolute size of chemical production or its contribution to total GDP.
Unit of measure %
Aggregation Operator Average

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