Sunday, March 31, 2013

Manufacturing in the United States, China and South Korea

Manufacturing in the United States is about $1.6 trillion, or 12 percent  of our Gross Domestic Product.

Manufacturing’s share of GDP declined  from 28.3 percent in 1953 to a low of 11.2  percent in 2009.

Manufacturing in  China generates 32% Gross Domestic Product and 27.5% in South Korea.

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