Fun Facts about U.S. Manufacturing
๐ ๐ฎ๐ง ๐๐๐๐ญ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐ ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐ข๐ง๐ ๐๐๐๐ญ๐จ๐ซ:
โข Roughly 12.8 million people employed in manufacturing, making it the 5th largest employer (Source: https://lnkd.in/eNSDg2T2)
โข Of the 271,705 identified exporters in 2020, 25% were manufacturers
โข There are 292,825 factories in the United States. The vast majority (268,000) have less than 99 employees. There are 846 factories that have 1,000 or more employees.
โข In 2023, the sector contributes $2.89 trillion to the U.S. GDP, amounting to 10.3% of total GDP.
โข Average compensation in U.S. manufacturing is 10.2% higher than that for total private industry.
โข The Boeing Everett Factory in Washington State is the largest factory in the world with a surface area of 398,000 mยฒ (98.3 acres).
โข California has the most manufacturing jobs (1,541,050) and the most number of manufacturing companies (24,304), followed by Texas in both categories.
โข The U.S. exported $1.6 trillion in manufacturing goods in 2022.
โข American manufacturing growth outpaced the rest of the worldโs at the end of 2022. Additionally, in 2022, for the first time since the late 1970s, U.S. employment in manufacturing surpassed the peak set during the previous business cycle.
โข In 2021, of the $602 billion that companies spent on R&D, more than half ($326 billion) was spent by the manufacturing industry.
๐๐๐ฉ ๐ ๐๐ง๐๐ซ๐๐ญ๐๐ ๐๐ฒ: HIFLD (arcgis.com)
