
USA: Share of manufacturing
* indicates monthly or quarterly data series
USA |
Value added by the manufacturing sector as percent of GDP |
---|---|
Latest value | 10.71 |
Year | 2021 |
Measure | percent |
Data availability | 1997 - 2021 |
Average | 12.64 |
Min - Max | 10.63 - 16.09 |
Source | The World Bank |
For that indicator, we provide data for the USA from 1997 to 2021. The average value for the USA during that period was 12.64 percent with a minimum of 10.63 percent in 2020 and a maximum of 16.09 percent in 1997.
The latest value from 2021 is 10.71 percent. For comparison, the world average in 2021 based on 162
countries is 12.48 percent.
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* indicates monthly or quarterly data series
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The importance of manufacturing in the economy of the USA and other countries is measured as the value added of manufacturing as percent of GDP. Manufacturing is part of the industrial sector of the economy.
Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.
Related indicators | Latest value | Reference | Measure |
---|---|---|---|
Share of industry | 17.88 | 2021 | percent |
Share of manufacturing | 10.71 | 2021 | percent |
Share of services | 77.60 | 2021 | percent |
Industry value added | 4,169.82 | 2021 | billion U.S. dollars |
Manufacturing value added | 2,497.13 | 2021 | billion U.S. dollars |
Services value added | 18,092.32 | 2021 | billion U.S. dollars |
Savings, percent of GDP | 18.10 | 2021 | percent |
Savings, in dollars | 4,220.01 | 2021 | billion U.S. dollars |