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. Data are in current U.S. dollars.

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. Data are in current U.S. dollars.

The valued added by the manufacturing sector to GDP varies significantly across different countries worldwide. In 2023, the manufacturing sector in China added nearly 4.8 trillion U.S. dollars to the country's GDP, while this value in the United States amounted to 2.8 trillion U.S. dollars in the same year.

From the 1920s until the Second World War, industrial output in the major economies of the Americas fluctuated greatly. Using manufacturing output in 1938 as a benchmark, the U.S. had fairly consistent output throughout the 1920s, before there was a significant drop after the Wall Street Crash in 1929 - by 1932, output fell to around two thirds of its 1929 level, and it would take another five years to recover thereafter. After the Recession of 1937-38, manufacturing output then doubled by the early-1940s, as the U.S. ramped up armament before it joined the Second World War. Output in 1943 was almost three times higher than it had been in 1938.

Canada's industrial output followed a similar trend to that of the U.S., whereas Mexico saw comparatively little change across the given period. Similar to Mexico, Brazil's manufacturing output was not drastically affected by the Great Depression, although Brazil saw the largest relative growth over the given period, with output in 1944 over five times higher than it had been in the mid-1920s - it should be noted, however, that both Latin American countries' manufacturing industries were at a much lower stage of development than the North American industries during this time.

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. Data are in current U.S. dollars.

China is currently the world's largest producer of paper and paperboard by far, with an output of more than 130 million metric tons in 2023. The second-largest producer that year was the United States. China hasn't always been the top producer of paper products. Just 40 years ago, countries such as Finland, Sweden, and Germany were producing similar quantities of paper and paperboard products as China, with Japan and the United States producing significantly more each year. By 2005, production in China had soared due to rapid economic growth, but it still had a lower production output than the United States. China's production has almost doubled since then, while production in the U.S. has fallen by nearly 20 percent.

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. Data are in current U.S. dollars.

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. Data are in current U.S. dollars.

China is the biggest producer of graphic papers worldwide. The East Asian country produced some 25.45 million metric tons of graphic papers in 2023, which was roughly triple the output of the second-largest producer that year - Japan. Production volumes in other leading countries - such as the United States, Japan, or Germany - have experienced considerable reductions over the past decade.

Between 2018 and 2023, China is projected to have the largest production capacity of fuel cells for electric vehicles in the world, amounting to over 3.1 terawatt hours. The United States, ranking second, are expected to have a production capacity of some 360 gigawatt hours between 2018 and 2023.

United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 11.601 % in 2016. This records a decrease from the previous number of 11.919 % for 2015. United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 12.807 % from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 16.022 % in 1997 and a record low of 11.601 % in 2016. United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Share of GDP. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Industrial output across the OECD fell by significant amount between the 1960s and 1970s, when annual averages are compared. Overall, the OECD saw industrial output grow by almost six percent in each year between 1960 and 1970, whereas this growth fell to just 3.5 percent per year between 1971 and 1978. The largest individual decline of the major economies was observed in Japan, who saw a difference of nine percent between the two periods. The largest proportional decline of the given countries, however, was observed in Switzerland, where annual industrial output between 1971 and 1978 was less than one tenth of the rate in the previous period. The primary reason for this decline was due to the 1973-1975 recession that resulted from the oil embargo of 1973, which highlighted the developed world's increasing dependency on foreign oil imports. This recession also marked the end of the post-war economic boom, but saw the transition of economies such as Japan, West Germany, and wider European Economic Community in general (i.e. the predecessor to the EU) into global economic powers.

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Germany Mfg Output Index: Total data was reported at 118.000 1995=100 in Dec 2002. This records a decrease from the previous number of 129.600 1995=100 for Nov 2002. Germany Mfg Output Index: Total data is updated monthly, averaging 124.600 1995=100 from Nov 2000 (Median) to Dec 2002, with 26 observations. The data reached an all-time high of 139.800 1995=100 in Jan 2001 and a record low of 112.400 1995=100 in Oct 2001. Germany Mfg Output Index: Total data remains active status in CEIC and is reported by Federal Statistics Office Germany. The data is categorized under Global Database’s Germany – Table DE.B031: Manufacturing Output Index: 1995=100.

Key information about Japan Industrial Production Index Growth

• Japan Industrial production rose 2.6 % YoY in Jan 2025, following a drop of 3.2 % YoY in the previous month.
• Japan Industrial production index growth rate YoY data is updated monthly, available from Jan 1954 to Jan 2025, with an average rate of 3.4 %.
• The data reached an all-time high of 30.2 % in Feb 1960 and a record low of -34.7 % in Feb 2009.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. The Ministry of Economy, Trade and Industry provides Industrial Production Index with base 2020=100. Industrial Production Index covers Manufacturing and Mining sectors only. Industrial Production Index Growth prior to January 1979 is calculated from Industrial Production Index with base 2010=100 sourced from the International Monetary Fund.

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The manufacturing industry in India has emerged as a fast-growing sector owing to the rapidly increasing population in the country. Investments in the sector have been on the rise and initiatives like ‘Make in India’ aim to the South Asian country into a global manufacturing hub. The annual production growth rate in the manufacturing industry was 4.7 percent percent during fiscal year 2023.

Foreign and domestic enterprises

The gross value added by the manufacturing sector in India has grown steadily however it is still lower than services sector. With the prospect of a huge consumer market, global giants such as Siemens, HTC, Toshiba have already set-up or are in the process of setting up manufacturing plants across the region. Apple has also been setting up nascent operations in India to diversify from China-centered production. On the other hand, the micro, small and medium enterprises sector is also crucial to transforming India from an agriculture-based economy to an industrialized one. MSME's contribution to Indian GDP has remained stable over the last few years.

The future

With technology reaching what previously were unimaginable heights in the last decade, industries need to keep up with the current trends and the technology. The focus is shifting towards machine learning to improve the efficiency and precision of the work. Almost 50 percent of the decision-makers in the machine learning industry believed that machine learning solutions have a high impact on organizations. ‘Smart manufacturing’, a combination of internet of things and artificial intelligence are expected to see a growth in the coming decade.

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