What was the production value of the Greek chemical industry in 2016?

The gross production value of the Greek chemical industry in 2016 was €2.2 billion. This is 25% less compared to 2008, as a result of the Greek economic crisis in the recent past. The industry’s production is focused on special chemicals and consumer chemicals.

How much does the chemical industry spend on R&D in Greece?

However, R&D spending by the chemical industry in Greece is rather low, compared with more advanced chemical industries in Europe, such as in Spain, with R&D spending by the chemical industry in 2015 reaching €230 million, or in Germany, with €3.8 billion spent on chemical R&D.

How does the chemical industry perform in Greece?

Labor productivity in the chemical industry in Greece is lower than in the EU-28 on average, yet adjusting for wages this discrepancy is almost entirely eliminated. The financial performance of the Greek chemical industry deteriorated during the economic crisis, yet it recovered fast.

How much will the Greek chemical industry produce in 2022?

Based on the current forecasts for the Greek economy, the output value of the Greek chemical industry could reach €2.44 billion in 2022 (in 2016 prices), without policy measures or other interventions that would boost the chemical industry directly or indirectly (current trend scenario).

What is the GVA of the chemical industry in Greece?

The gross value added (GVA) of the chemical industry in Greece was €583 million in 2015, which corresponds to 5.5% of GVA in manufacturing, or 0.4% of the Greek Gross Domestic Product (GDP). About 3/4 of the GVA of the Greek chemical industry in 2015 (€440 million) was from special chemicals and consumer chemicals.

How many chemicals are exported in Greece in 2016?

Exports of Greek chemicals reached €1.6 billion in 2016. Chemicals is one of the most important groups of Greek exports. In 2016 chemicals were 5.1% of Greek exports by value (the 4th most important group of exported products by value). Imports of chemicals were €3.6 billion in 2016. As a result, the Greek trade balance in chemicals was negative.