Slovak Republic: Chemicals (% of value added in manufacturing)

Key figures

What the numbers say

In 2021, Slovak Republic's chemicals (% of value added in manufacturing) rose 0.02 percentage points on 2020 (from 2.82% to 2.83%).

Across the 27 yearly changes before that (1994 to 2020), the average change was −0.19 percentage points and a typical year strayed about 0.85 percentage points from that (the standard deviation). This year's change was 0.2 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 2.26 percentage points in 1995 and the biggest yearly fall was 1.58 percentage points in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 there is no clear straight-line trend: a straight line explains 16% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

Closest to Slovak Republic in the 2021 ranking

• Thailand — 4th of 8: 8.08%
• West Bank and Gaza — 5th of 8: 4.7%
• Malawi — 6th of 8: 3.13%
• Kosovo — 8th of 8: 0.98%

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 29 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 Slovak Republic

• Adjusted savings, education expenditure (% of GNI) — 4.13% (2021)
• Adjusted savings, mineral depletion (current US$) — US$10.61 million (2021)
• Adjusted savings, energy depletion (current US$) — US$3.68 million (2021)
• Net financial flows, IBRD (NFL, current US$) — −US$279,000 (2016)
• General government final consumption expenditure (current US$) — US$33.08 billion (2025)
• General government final consumption expenditure (current LCU) — 29.27 billion (2025)
• General government final consumption expenditure (% of GDP) — 21.41% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$90.65 billion (2025)

Reading data like this

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Questions people ask

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

2.83% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is down 5.13 percentage points from 7.96% in 1993. The highest value was 10.94% in 1995 and the lowest 2.4% in 2018.

Is the latest change in chemicals (% of value added in manufacturing) unusual for Slovak Republic?

In 2021, Slovak Republic's chemicals (% of value added in manufacturing) rose 0.02 percentage points on 2020 (from 2.82% to 2.83%). Across the 27 yearly changes before that (1994 to 2020), the average change was −0.19 percentage points and a typical year strayed about 0.85 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

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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