Did You Know…
The United States is the world’s largest manufacturing economy, producing 21 percent of global manufactured products. China is second at 15 percent and Japan is third at 12 percent. 1
U.S. manufacturing produces $1.7 trillion of value each year, or 11.7 percent of U.S. GDP. For every $1.00 spent in manufacturing, another $1.35 is added to the economy. 2
Manufacturing supports an estimated 17 million jobs in the U.S.—about one in six private sector jobs. 3 Nearly 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing. 4
In 2010, the average U.S. manufacturing worker earned $77,186 annually, including pay and benefits. The average non-manufacturing worker earned $56,436 annually. 5
U.S. manufacturers are the most productive workers in the world—far surpassing the worker productivity of any other major manufacturing economy, leading to higher wages and living standards.
U.S. manufacturers perform two-thirds of all R&D in the nation, driving more innovation than any other sector. 6
Taken alone, U.S. Manufacturing would be the 9th largest economy in the world. 7
1 United Nations, Statistics Division (2009).
2 U.S. Bureau of Economic Analysis, Industry Economic Accounts (2009).
3 The Facts About Modern Manufacturing(2009).
4 U.S. Bureau of Labor Statistics.
5 U.S. Bureau of Economic Analysis, Compensation of Employees by Industry and Full-Time Equivalent Employees by Industry.
6 National Science Foundation (2008).
7 U.S. Bureau of Economic Analysis, Industry Economic Accounts (2009) and International Monetary Fund (2009).