Manufacturing Value Added Economic Data
Posted on August 16, 2006 Comments (3)
In our post on Manufacturing and the Economy we examined global manufacturing value added economic data. The World Bank has provided updated data, for 2002, which we provide below. In, Global Manufacturing Data by Country, we explored data from the United Nations through 2004 (on a related, but different, measure of manufacturing).
| Country | 1990 | 2001 | 2002 | 1990-2002% increase* |
|---|---|---|---|---|
| United States | 1,040,600 | 1,422,999 | 1,463,300 | 41 |
| Japan | 810,231 | 865,809 | 811,829 | 0 |
| China | 116,572 | 407,513 | No Data | 250 |
| Germany | 456,405 | 385,923 | 410,644 | -10 |
| United Kingdom | 206,718 | 220,429 | No Data | 7 |
| France | 228,270 | 217,534 | 192,279 | -16 |
| Italy | 247,914 | 203,248 | 216,177 | -13 |
| Korea | 64,604 | 117,575 | 129,449 | 100 |
| Mexico | 49,992 | 110,381 | 110,667 | 121 |
| India | 48,807 | 67,143 | 72,681 | 49 |
| World | 4,412,837 | 5,404,373 | 5,446,980 | 23 |
* 1990-2001 increase if no 2002 data available.
Obviously this data is a few years old, still it provides indications supporting some and contradicting other existing perceptions. Even though data is not available for China for 2002, from 1990 to 2001 their manufacturing is up 250% (it would be even more if 2002 data were available). The United States is by far the largest manufacturing economy and USA manufacturing continues to grow faster than global manufacturing.
Manufacturing employment is not shown in this data but in, Global Manufacturing Job Data, we explored data showing it is decreasing globally while manufacturing output continues to increase globally. The United States is losing manufacturing jobs more slowly then the rest of the world (and China has lost far more manufacturing jobs than the USA, from 1992-2003).
3 Responses to “Manufacturing Value Added Economic Data”
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January 13th, 2007 @ 9:52 am
[...] The most fundamental facts of global manufacturing – Global output is increasing. Jobs are decreasing (everywhere, not moving from one place to another – decreasing everywhere). China’s output is growing rapidly. The USA is still by far the largest manufacturer, USA output is growing faster than global output and much slower than China’s output. Japan is the second largest manufacturer [...]
January 28th, 2007 @ 12:55 pm
[...] The newest data from the UN confirms most of the recent trends in manufacturing output – most notably that China continues to grow dramatically. [...]
June 29th, 2008 @ 9:07 am
The measures are suppose to be the amount added at the point of measure. So the output of the local plant does not count the total value of say the car but the value added at the plant. Obviously, like with most economic measures, this data has plenty of room for error…