Chemical Industry Contributes $5.7 Trillion to Global GDP and Supports 120 Million Jobs, New Report Shows
Chemical Industry Plays Crucial Role in Regional Economies in Every Corner of the World
NAIROBI, KENYA (March 11, 2019) – In conjunction with the beginning of the Fourth United Nations Environment Assembly (UNEA-4), today the International Council of Chemical Associations (ICCA) released an analysis of the chemical industry’s contributions to the global economy: The Global Chemical Industry: Catalyzing Growth and Addressing Our World’s Sustainability Challenges. According to the report, the chemical industry touches nearly every good-producing sector, making an estimated $5.7 trillion contribution to world Gross Domestic Product (GDP) through direct, indirect and induced impacts, equivalent to seven percent of the world’s GDP, and supporting 120 million jobs worldwide.
“The innovations developed and produced by the chemical industry’s longstanding presence worldwide […]