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by 1_person
2227 days ago
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I would be interested in seeing the supporting arguments and data for your latter claim. At a glance US gross manufacturing output lags China by about 7%, but per capita US manufacturing output is ~300% that of China. Between the Monroe Doctrine and NATO states, however, the "US manifold"'s productive potential is where it appears accurate assertions of relative dwarfism can be made. Without intimate familiarity of geopolitics, I would estimate all save 3-5 of the top 20 nations by manufacturing output fall clearly in the US sphere of influence. |
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The US manufacturing sector is 11.6% of GDP, so 2.33 trillion dollars PPP. In China, it accounts for 40% of the GDP, so more or less 10 trillion dollars of manufacturing output PPP (!). This is a manifold advantage.
The reason why this is to be done is because if you wanted to build say, a tank in the US vs China or Russia, you would need many more dollars for the exact same tank. So measuring manufacturing output must be done PPP.