Ireland - Chemicals (% of value added in manufacturing)

The value for Chemicals (% of value added in manufacturing) in Ireland was 42.69 as of 2014. As the graph below shows, over the past 51 years this indicator reached a maximum value of 49.21 in 2009 and a minimum value of 4.95 in 1964.

Definition: Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Chemicals correspond to ISIC division 24.

Source: United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.

See also:

Year Value
1963 5.28
1964 4.95
1965 5.47
1966 6.44
1967 7.56
1968 7.88
1969 7.99
1970 7.45
1971 7.27
1972 7.51
1973 8.90
1974 8.57
1975 8.37
1976 10.45
1977 11.22
1978 13.34
1979 14.11
1980 13.54
1981 15.30
1982 14.77
1983 16.20
1984 17.19
1985 17.21
1986 15.39
1987 13.92
1988 14.62
1989 15.82
1990 16.49
1991 18.01
1992 20.89
1993 22.62
1994 24.41
1995 24.93
1996 27.19
1997 31.65
1998 37.68
1999 36.57
2000 36.45
2001 37.40
2002 45.15
2003 41.33
2004 35.08
2005 35.12
2006 32.68
2007 35.60
2008 34.49
2009 49.21
2010 47.18
2011 47.93
2012 47.26
2013 43.39
2014 42.69

Development Relevance: Firms typically use multiple processes to produce a product. For example, an automobile manufacturer engages in forging, welding, and painting as well as advertising, accounting, and other service activities. Collecting data at such a detailed level is not practical, nor is it useful to record production data at the highest level of a large, multiplant, multiproduct firm. The ISIC has therefore adopted as the definition of an establishment "an enterprise or part of an enterprise which independently engages in one, or predominantly one, kind of economic activity at or from one location . . . for which data are available . . ." (United Nations 1990). By design, this definition matches the reporting unit required for the production accounts of the United Nations System of National Accounts. The ISIC system is described in the United Nations' International Standard Industrial Classification of All Economic Activities, Third Revision (1990). The discussion of the ISIC draws on Ryten (1998).

Limitations and Exceptions: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Statistical Concept and Methodology: The data on the distribution of manufacturing value added by industry are provided by the United Nations Industrial Development Organization (UNIDO). UNIDO obtains the data from a variety of national and international sources, including the United Nations Statistics Division, the World Bank, the Organisation for Economic Co-operation and Development, and the International Monetary Fund. To improve comparability over time and across countries, UNIDO supplements these data with information from industrial censuses, statistics from national and international organizations, unpublished data that it collects in the field, and estimates by the UNIDO Secretariat. Nevertheless, coverage may be incomplete, particularly for the informal sector. When direct information on inputs and outputs is not available, estimates may be used, which may result in errors in industry totals. Moreover, countries use different reference periods (calendar or fiscal year) and valuation methods (basic or producer prices) to estimate value added.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts