United States - Chemicals (% of value added in manufacturing)

The value for Chemicals (% of value added in manufacturing) in United States was 15.80 as of 2019. As the graph below shows, over the past 56 years this indicator reached a maximum value of 16.62 in 2016 and a minimum value of 9.22 in 1973.

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 10.40
1964 10.58
1965 10.40
1966 10.42
1967 10.40
1968 10.41
1969 10.30
1970 10.37
1971 10.38
1972 9.43
1973 9.22
1974 10.07
1975 10.39
1976 10.23
1977 9.85
1978 9.53
1979 9.59
1980 9.67
1981 9.74
1982 9.61
1983 10.05
1984 9.87
1985 9.80
1986 9.94
1987 10.60
1988 11.22
1989 11.36
1990 11.74
1991 12.01
1992 11.79
1993 11.74
1994 11.58
1995 11.76
1996 11.76
1997 12.42
1998 12.30
1999 11.77
2000 11.84
2001 12.25
2002 13.29
2003 13.63
2004 14.47
2005 14.94
2006 15.24
2007 15.50
2008 15.66
2009 16.46
2010 16.29
2011 16.43
2012 15.86
2013 15.75
2014 15.93
2015 15.99
2016 16.62
2017 16.44
2018 15.80
2019 15.80

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