The statistic shows the distribution of the workforce across economic sectors in China from 2014 to 2024. In 2024, around 22.2 percent of the workforce were employed in the agricultural sector, 29 percent in the industrial sector and 48.8 percent in the service sector. In 2022, the share of agriculture had increased for the first time in more than two decades, which highlights the difficult situation of the labor market due to the pandemic and economic downturn at the end of the year. Distribution of the workforce in China In 2012, China became the largest exporting country worldwide with an export value of about two trillion U.S. dollars. China’s economic system is largely based on growth and export, with the manufacturing sector being a crucial contributor to the country’s export competitiveness. Economic development was accompanied by a steady rise of labor costs, as well as a significant slowdown in labor force growth. These changes present a serious threat to the era of China as the world’s factory. The share of workforce in agriculture also steadily decreased in China until 2021, while the agricultural gross production value displayed continuous growth, amounting to approximately 7.8 trillion yuan in 2021. Development of the service sector Since 2011, the largest share of China’s labor force has been employed in the service sector. However, compared with developed countries, such as Japan or the United States, where 73 and 79 percent of the work force were active in services in 2023 respectively, the proportion of people working in the tertiary sector in China has been relatively low. The Chinese government aims to continue economic reform by moving from an emphasis on investment to consumption, among other measures. This might lead to a stronger service economy. Meanwhile, the size of the urban middle class in China is growing steadily. A growing number of affluent middle class consumers could promote consumption and help China move towards a balanced economy.
In 2023, almost ***** people worked in the mobile ecosystem industry in China. Thereby, telecom providers and related companies employed around *** million workers, whereas *** million jobs depended indirectly on the mobile ecosystem, making it an important piece of the Chinese economy.
In 2018, manufacturing labor costs in China were estimated to be **** U.S. dollars per hour. This is compared to an estimated **** U.S. dollars per hour in Mexico, and **** U.S. dollars in Vietnam. Manufacturing jobs in the United States Many people in the United States believe manufacturing jobs to be the backbone of the U.S. economy, despite employment in the manufacturing sector decreasing since 1997, and the monthly change in manufacturing employment being highly variable. Although manufacturing added a value of about ** percent to the U.S. gross domestic product (GDP) in 2018, employment in the United States has been moving away from manufacturing to other means of employment. A difference in earnings Part of this steering away from manufacturing could be due to a difference in labor costs. While hourly wages in Vietnam were less than * U.S. dollars in 2018, hourly wages in the U.S. manufacturing sector hovered around ** U.S. dollars in 2018. The labor costs in the U.S. could simply be too high for companies, who look to countries such as China, Mexico, and Vietnam for cheaper labor.
In 2023, around **** million employees were working in the IT sector of Beijing municipality in China, while only ** thousand people worked in agriculture. Besides information technology, scientific research and technical services was another sector providing many jobs in Beijing, whereas the manufacturing industry was not of great importance to the job market in the city.
The United States oil and gas extraction industry employed some ******* people in 2023, including both full-time and part-time employment. The 2020 oil crisis brought about by the coronavirus pandemic led to a decline of ****** people in this industry’s workforce, a trend that continued throughout the following two years. Wellhead pumpers make up the largest occupation group in the U.S. oil and gas extraction industry. Employment at ExxonMobil ExxonMobil is among the largest employers within this industry. The Texas-based oil supermajor is active in all areas of the supply chain, from hydrocarbon exploration to fuel retailing. In 2023, the number of employees at ExxonMobil amounted to around ****** people. This was a loss of over ****** jobs when compared to pre-pandemic years. State-owned supermajors are largest industry employers on global stage With its workforce of some ****** people, ExxonMobil ranks far below any of the largest oil and gas companies by employment worldwide. The majority of companies listed are state-owned enterprises, such as Russia’s Gazprom and China’s PetroChina. As of 2024, both employed around ******* people each. India-based Reliance Industries is the largest privately held company within this ranking, providing nearly ******* jobs.
In 2023, 43.51 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment. A BRIC powerhouseTogether with Brazil, Russia, and China, India makes up the four so-called BRIC countries. They are the four fastest-growing emerging countries dubbed BRIC, an acronym, by Jim O’Neill at Goldman Sachs. Being major economies themselves already, these four countries are said to be at a similar economic developmental stage -- on the verge of becoming industrialized countries -- and maybe even dominating the global economy. Together, they are already larger than the rest of the world when it comes to GDP and simple population figures. Among these four, India is ranked second across almost all key indicators, right behind China. Services on the riseWhile most of the Indian workforce is still employed in the agricultural sector, it is the services sector that generates most of the country’s GDP. In fact, when looking at GDP distribution across economic sectors, agriculture lags behind with a mere 15 percent contribution. Some of the leading services industries are telecommunications, software, textiles, and chemicals, and production only seems to increase – currently, the GDP in India is growing, as is employment.
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The statistic shows the distribution of the workforce across economic sectors in China from 2014 to 2024. In 2024, around 22.2 percent of the workforce were employed in the agricultural sector, 29 percent in the industrial sector and 48.8 percent in the service sector. In 2022, the share of agriculture had increased for the first time in more than two decades, which highlights the difficult situation of the labor market due to the pandemic and economic downturn at the end of the year. Distribution of the workforce in China In 2012, China became the largest exporting country worldwide with an export value of about two trillion U.S. dollars. China’s economic system is largely based on growth and export, with the manufacturing sector being a crucial contributor to the country’s export competitiveness. Economic development was accompanied by a steady rise of labor costs, as well as a significant slowdown in labor force growth. These changes present a serious threat to the era of China as the world’s factory. The share of workforce in agriculture also steadily decreased in China until 2021, while the agricultural gross production value displayed continuous growth, amounting to approximately 7.8 trillion yuan in 2021. Development of the service sector Since 2011, the largest share of China’s labor force has been employed in the service sector. However, compared with developed countries, such as Japan or the United States, where 73 and 79 percent of the work force were active in services in 2023 respectively, the proportion of people working in the tertiary sector in China has been relatively low. The Chinese government aims to continue economic reform by moving from an emphasis on investment to consumption, among other measures. This might lead to a stronger service economy. Meanwhile, the size of the urban middle class in China is growing steadily. A growing number of affluent middle class consumers could promote consumption and help China move towards a balanced economy.