Romania: Chemicals (% of value added in manufacturing)

Key figures

What the numbers say

On record, the biggest yearly rise was 2.01 percentage points in 1992 and the biggest yearly fall was 2.35 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 2014 to 2023 the straight-line trend is downward, about 0.39 percentage points a year. A straight line explains 91% of the movement over 8 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 0.65% for 2026. We show this only because the same method, fitted on earlier years, predicted 2019 to 2023 better than "no change" would have: its average miss was 1.35%, against 1.72% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2023, Romania had the 59th highest value of the 60 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 Romania in the 2023 ranking

• Estonia — 55th of 60: 2.85%
• Armenia — 56th of 60: 2.27%
• Albania — 57th of 60: 2.25%
• Kyrgyz Republic — 59th of 60: 0.68%
• Iceland — 60th of 60: -6.76%

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 34 values

Chemicals (% of value added in manufacturing) in nearby economies

• Albania — 2.25% (2023)
• Armenia — 2.27% (2023)
• Austria — 9.43% (2021)
• Azerbaijan — 10.04% (2023)
• Belarus — 2.68% (2022)
• Belgium — 33.28% (2023)
• Bosnia and Herzegovina — 7.78% (2023)
• Bulgaria — 5.37% (2023)
• Croatia — 6.74% (2023)
• Cyprus — 12.23% (2023)

More economic policy & debt data for Romania

• Communications, computer, etc. (% of service imports, BoP) — 49.14% (2025)
• Imports of goods and services (current US$, BoP) — US$174.97 billion (2025)
• Insurance and financial services (% of service imports, BoP) — 4.31% (2025)
• Goods imports (current US$, BoP) — US$139.06 billion (2025)
• Service imports (current US$, BoP) — US$35.91 billion (2025)
• Transport services (% of service imports, BoP) — 15.65% (2025)
• Travel services (% of service imports, BoP) — 30.2% (2025)
• Foreign direct investment, net outflows (BoP, current US$) — US$803.14 million (2025)
• Current account balance (current US$, BoP) — −US$33.88 billion (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Romania's chemicals (% of value added in manufacturing)?

1.92% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1988?

It is down 3.53 percentage points from 5.45% in 1988. The highest value was 8.48% in 1992 and the lowest 1.92% in 2023.

How does Romania rank?

59th highest of 60 economies with data for 2023.

Where is Romania's chemicals (% of value added in manufacturing) heading?

From 2014 to 2023 the straight-line trend is downward, about 0.39 percentage points a year. A straight line explains 91% of the movement over 8 observed years. Extending that straight line gives about 0.65% for 2026. We show this only because the same method, fitted on earlier years, predicted 2019 to 2023 better than "no change" would have: its average miss was 1.35%, against 1.72% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

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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