Manufacturing pillars support U.S. economy

Source: Industrial Networking,

Dec 15, 2006

  • Manufacturing made the highest contribution (15%) to real Gross Domestic Product (GDP) growth of all sectors between 2001 and today.
  • Manufacturing is the engine of American technology development and innovation, responsible for more than 70% of private sector R&D.
  • Manufacturing’s high productivity rate, which determines real wage and benefit compensation, increased by more than 50% over the past decade and was far higher than for services.
  • Manufactured goods make up more than 60% of U.S. exports, helping to pay for U.S. imports. While agricultural exports amount to about $50 billion a year, manufacturers export that much each month.
  • Manufacturing wages and benefits are approximately 25% higher than in non-manufacturing jobs.
  • Manufacturing has a greater multiplier effect on the rest of the economy than does any other sector; each manufacturing dollar generates an additional $1.37 in economic activity.

From the National Association of Manufacturers ’ The Facts About Modern Manufacturing, 7th Edition.

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments