Facts About Manufacturing

Did You Know...


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  • In 2013, manufacturers contributed $2.08 trillion to the economy, up from $2.03 trillion in 2012. This was 12.5 percent of GDP. For every $1.00 spent in manufacturing, another $1.32 is added to the economy, the highest multiplier effect of any economic sector. 1  
  • Manufacturing supports an estimated 17.4 million jobs in the United States""about one in six private-sector jobs. More than 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing. 2  
  • In 2013, the average manufacturing worker in the United States earned $77,506 annually, including pay and benefits. The average worker in all industries earned $62,546. 3  
  • Manufacturers in the United States are the most productive in the world, far surpassing the worker productivity of any other major manufacturing economy, leading to higher wages and living standards. 4  
  • Manufacturers in the United States perform two-thirds of all private-sector R&D in the nation, driving more innovation than any other sector. 5  
  • Taken alone, manufacturing in the United States would be the 8th largest economy in the world. 6  

 

For more details, read the full report Facts About Manufacturing.

 


1 Bureau of Economic Analysis, Industry Economic Accounts (2012).
2 Bureau of Labor Statistics (2014), with estimate of total employment supported by manufacturing calculated by NAM using data from the Bureau of Economic Analysis (2012).
3 Bureau of Economic Analysis (2013).
4 NAM calculations based on data from the United Nations, Bureau of Labor Statistics and the International Labour Organization .
5 National Science Foundation (2008).
6 Bureau of Economic Analysis, Industry Economic Accounts (2012) and International Monetary Fund (2012).