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by usaar333
5403 days ago
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1) Manufacturing output is dropping relative to GDP, but that isn't a bad thing; it just means that GDP in services is surging. The versus consumed is basically the trade deficit. I would accept per capita manufacturing output over time as a more fair comparison though. 2) It does seem they aren't subtracting imports. The world bank has good value added numbers:
http://data.worldbank.org/indicator/NV.IND.MANF.CD Looking at the data, the US is still the biggest in the world by these metrics. Per capita it is easily in the top 5 large countries. Maybe 20% below Germany and Japan |
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