United States-based manufacturing is producing more today than ever before.
This one-page report is from The Facts About Modern Manufacturing, a new publication from The Manufacturing Institute, the research and education arm of the National Association of Manufacturers.
U.S. Manufacturing Sector Is The Eighth-Largest Economy
The availability of many foreign-made products on store shelves across America has given some the impression that domestic manufacturing is vanishing. This is a misperception not based on the facts of today's manufacturing. In 2005, the U.S. manufacturing sector, in terms of gross domestic production, was close to $1.5 trillion. More goods are made in the United States today than at any time in U.S. history. If U.S. manufacturing was a country by itself, it would be the eighth-largest economy in the world. Japan, Germany and China are the next largest economies in the world, but their GDP is significantly smaller than the United States’. While China's economy is a force to be reckoned with, its manufacturing sector is smaller than U.S. manufacturing, comprising 53 percent of China's total GDP.
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