The newest data from the UN confirms most of the recent trends in manufacturing output - most notably that China continues to grow dramatically. The data also shows a stagnation in USA manufacturing output over the last several years, though the USA remains by far the largest manufacturer. The most significant news from this latest data, I believe, is that that manufacturing output growth in the USA has been slower than global manufacturing output growth from 2002-2005. This was not the case prior to 2002. I will be writing more on this data in the Curious Cat Investing and Economics Blog. UN Data, in billions of current US dollars:
| Country |
1990 |
1995 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
| USA |
1,040 |
1,289 |
1,543 |
1,460 |
1,471 |
1,488 |
1,545 |
1,493 |
| Japan |
809 |
1,217 |
1,033 |
857 |
807 |
886 |
962 |
964 |
| China |
143 |
299 |
484 |
527 |
573 |
664 |
788 |
895 |
| Germany |
437 |
517 |
392 |
389 |
407 |
490 |
566 |
594 |
| United Kingdom |
207 |
221 |
230 |
218 |
222 |
239 |
283 |
no data |
| Italy |
240 |
226 |
206 |
205 |
218 |
259 |
295 |
291 |
| France |
200 |
233 |
190 |
185 |
192 |
228 |
256 |
253 |
| Korea |
200 |
233 |
190 |
185 |
192 |
228 |
256 |
253 |
| Canada |
92 |
100 |
129 |
119 |
120 |
149 |
170 |
196 |
| Brazil |
117 |
149 |
120 |
102 |
95 |
109 |
130 |
171 |
| Spain |
108 |
107 |
98 |
100 |
108 |
134 |
153 |
160 |
| Mexico
| 50 |
55 |
107 |
110 |
111 |
104 |
111 |
122 |
| Russia |
201 |
104 |
73 |
77 |
54 |
64 |
92 |
117 |
| India |
50 |
60 |
67 |
68 |
72 |
84 |
100 |
116 |
This year the UN provided data separating out manufacturing from mining and utilities so the data above is just for manufacturing (last year included all 3 categories together, see: Global Manufacturing Data by Country. The tables includes the top 14 countries since I thought the data on those four countries were also interesting. This data cannot be seen as perfectly accurate. There is a fair amount of error within the data, still it provides a useful view of global manufacturing activity.
Related: Manufacturing Value Added Economic Data by Country - Worldwide manufacturing job data - Manufacturing Data: What Does it Mean - Manufacturing in Asia - article on the practice of lean manufacturing - New Look American Manufacturing - Hopeful About India’s Manufacturing Sector - Manufacturing Jobs - Manufacturing is Cool
September 6th, 2007 at 9:47 pm
Hey John,
I guess there is no prize for guessing where all those manufacturing capacity went to right?
From the data, it looks like India is still underutilized. My guess is that that they will become the next manufacturing haven in the years to come.
Cheers
James
November 10th, 2007 at 9:59 pm
The overall ranking for 2007: 1. Singapore; 2. New Zealand; 3. United States; 4. Hong Kong, China; 5. Denmark…
November 25th, 2007 at 8:06 pm
[...] Once again I repeat my message that the end of manufacturing in the USA is greatly overstated. While surging exports are good for the economy the massive current account deficit needs to shrink [...]
September 23rd, 2008 at 9:09 pm
[...] out manufacturing from mining and utilities so the data above is just for manufacturing as was the manufacturing data for 2005 (two years included all 3 categories together, see: Global Manufacturing Data by Country. The [...]
September 23rd, 2008 at 9:12 pm
The USA’s share of the manufacturing output of the countries that manufactured over $200 billion in 2007 (the 12 countries on the top of the chart above) in 1990 was 28%, 1995 28%, 2000 33%, 2005 30%, 2006 28%, 2007 27%…