Mexico's chemicals (% of value added in manufacturing) was 7.16% in 2024, the latest year in the World Bank's World Development Indicators. That is down 2.78 percentage points from 9.93% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.16% | 2024 |
| Five years earlier | 7.94% | 2019 |
| Ten years earlier | 9.93% | 2014 |
| Highest | 18.78% | 2005 |
| Lowest | 7.16% | 2024 |
| Average since 2015 | 7.95% | 2015–2024 |
| First recorded | 17.47% | 1984 |
What the numbers say
In 2024, Mexico's chemicals (% of value added in manufacturing) fell 0.13 percentage points on 2023 (from 7.29% to 7.16%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −0.31 percentage points and a typical year strayed about 1.53 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 5.74 percentage points in 1990 and the biggest yearly fall was 6.37 percentage points in 1989. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 0.17 percentage points a year. A straight line explains 94% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Mexico had the 10th highest value of the 13 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Mexico in the 2024 ranking
- Canada — 6th of 13: 10.32%
- Türkiye — 7th of 13: 7.41%
- Australia — 8th of 13: 7.36%
- Macao SAR, China — 10th of 13: 6.05%
- Peru — 11th of 13: 6.02%
- New Zealand — 12th of 13: 4.66%
What this measures
Manufacturing of chemicals and chemical products includes industries classified in ISIC (Rev. 3) division 24. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).
Limitations: 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."
All 41 values
| Year | Chemicals (% of value added in manufacturing) |
|---|---|
| 2024 | 7.16 |
| 2023 | 7.29 |
| 2022 | 7.55 |
| 2021 | 7.7 |
| 2020 | 7.99 |
| 2019 | 7.94 |
| 2018 | 8.27 |
| 2017 | 8.42 |
| 2016 | 8.76 |
| 2015 | 8.47 |
| 2014 |
Chemicals (% of value added in manufacturing) in nearby economies
More economic policy & debt data for Mexico
- Total reserves, including gold (current US$) — US$256.18 billion (2025)
- Total reserves, excluding gold (current US$) — US$239.31 billion (2025)
- General government final consumption expenditure (current US$) — US$216.08 billion (2025)
- General government final consumption expenditure (current LCU) — 4.16 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$162.1 billion (2025)
- General government final consumption expenditure (constant LCU) — 2.9 trillion (2025)
- General government final consumption expenditure (% of GDP) — 11.79% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$1.29 trillion (2025)
Reading data like this
Questions people ask
- What is Mexico's chemicals (% of value added in manufacturing)?
- 7.16% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1984?
- It is down 10.31 percentage points from 17.47% in 1984. The highest value was 18.78% in 2005 and the lowest 7.16% in 2024.
- How does Mexico rank?
- 10th highest of 13 economies with data for 2024.
- Is the latest change in chemicals (% of value added in manufacturing) unusual for Mexico?
- In 2024, Mexico's chemicals (% of value added in manufacturing) fell 0.13 percentage points on 2023 (from 7.29% to 7.16%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.31 percentage points and a typical year strayed about 1.53 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NV.MNF.CHEM.ZS.UN, licensed CC BY 4.0. Original source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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