Deloitte’s 2016 Global Manufacturing Competitiveness Index (GMCI) displays the influence manufacturing has on economies in terms of infrastructure initiatives, technological developments, employment rates, and contribution to the GDP.
US manufacturers have contributed $2.17 trillion to the economy. The manufacturing sector continues to grow and is directly linked to the growth of our country’s economy and non-manufacturing industries.
There are over 12 million manufacturing workers in the US; about 9% of the workforce. According to the Economic Policy Institute, each manufacturing job supports nearly 3 additional employment opportunities in the economy.
Manufacturing accounts for 12% of the US economy. According to the GMCI, the US continues to improve its global ranking and is projected to move from its current ranking at second into the number 1 position as the most competitive manufacturing nation by the end of the decade. Now, China is the most competitive manufacturing nation, and Germany is rated third.