June 21 2019

ICCA Report highlights Contribution of the Chemical Industry

Chemical Industry adds USD 5.7 Trillion to Global GDP and supports 120 Million Jobs worldwide

A recently published report, commissioned by the International Council of Chemical Associations [“ICCA”] (Washington, DC – United States), shows that the chemical industry is contributing an estimated USD 5.7 trillion (that is USD 5’700’000’000’000 or USD 5.7 x 1012) to global GDP and supports 120 million jobs worldwide. For Europe the numbers are USD 1.3 trillion GDP contribution and 19 million jobs, respectively. The data, compiled by Oxford Economics, are for the year 2017.

The report under the title “The Global Chemical Industry: Catalyzing Growth and Addressing Our World’s Sustainability Challenges” also outlines the role that chemicals play in meeting the UN Sustainable Development Goals.

The document can be downloaded as PDF file from the ICCA website, using the following link: https://www.icca-chem.org/economicanalysis/

Source: ESIG Newsletter – Summer 2019

HGE – DCG / 21.06.2019

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