Abstract
In 2023, global manufacturing value added reached a record $16.2 trillion USD, marking the highest figure in history. Historically, manufacturing has been a key driver of economic growth, particularly in emerging economies. Over recent decades, the sector has shifted towards high-tech industries, including electronics, machinery, and automotive production. While China remains the largest contributor, the rise of digitalization and automation is transforming production methods. The U.S. continues to lead in high-value sectors, such as aerospace and pharmaceuticals, reflecting a shift towards advanced manufacturing.
Manufacturing, US Dollars
From 1960 to 2023, global economic sectors such as agriculture, forestry, fishing, and manufacturing have evolved significantly. The rise in manufacturing, peaking at $16.2 trillion USD in 2023, highlights the shift towards industrialization and technological advancements. Agricultural productivity has increased due to mechanization and globalization, while forestry and fishing industries have faced sustainability challenges. The U.S. dollar’s role as the dominant global currency has strengthened, reflecting its economic influence. The shift from traditional industries to high-tech and service sectors marks key trends in global development.
The maximum is the latest one, 16.2TUSD of World
Manufacturing, US Dollars (World Countries)
From 1960 to 2023, China’s manufacturing sector has seen remarkable growth, peaking at $4.91 trillion USD in 2021. As of 2023, it operates at 94.9% of this peak, underscoring its continued dominance in global production. Over the decades, China’s transition from low-cost manufacturing to advanced industries, including electronics, automotive, and machinery, has reshaped global supply chains. The strengthening of the US dollar and trade dynamics have further integrated China into the world economy. Despite challenges like labor costs and environmental regulations, China’s manufacturing remains a cornerstone of its economic power.
The maximum is 4.91TUSD[2021] of China, and the current value is about 94.9%
Manufacturing, US Dollars (World Countries, Latest Year)
As of 2023, China leads global manufacturing with a total value of $4.66 trillion USD, contributing significantly to the world’s total of $11.8 trillion USD. China’s manufacturing dominance reflects its robust industrial base, especially in electronics, machinery, and textiles. The global average stands at $92.8 billion USD, highlighting disparities in industrial output. Over time, manufacturing in China has evolved from labor-intensive industries to high-tech sectors, driven by automation and innovation. The US dollar remains central to global trade, reinforcing China’s influence in the world economy.
The maximum is 4.66TUSD of China, the average is 93.4GUSD, and the total is 11.8TUSD
Manufacturing, US$ (region, latest year)
In 2023, East Asia and the Pacific led global agricultural, forestry, and fisheries manufacturing with $5.33 trillion USD, contributing significantly to the global total of $14.3 trillion USD. This region’s dominance reflects its large-scale production in agriculture and seafood, supported by advanced technologies and trade networks. The global average stands at $1.19 trillion USD, highlighting the disparity in regional outputs. Over recent decades, the sector has seen increasing mechanization and sustainability efforts. The US dollar remains pivotal in international transactions, facilitating global trade in these industries.
The maximum is 2.66TUSD of North America, the average is 2.66TUSD, and the total is 2.66TUSD
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