Thursday, April 25, 2013

If US manufacturing was its own country, it would rank 10th in the world in terms of dollar value of output. See the stunning chart HERE!!

This chart is interesting for a couple of reasons.  (From Mark Perry at Carpe Diem)

1. It shows how much of an economic powerhouse the US STILL is in terms of the dollar value of the production of Goods and Services in a given year. We produce more than China and Japan together PLUS about half of Germany's production.

2.  US manufacturing is ALIVE (although US manufacturing EMPLOYMENT has devolved). In fact, if you take the dollar value of US manufacturing production and compare it to total dollar value of  production in the rest of the industrialized world, it ranks 10th in the world if it was its own separate country.

Source: Carpe Diem
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