Americans make more "stuff" than any other nation on earth, and by a wide margin. According to the UN's comprehensive database of international economic data, America's manufacturing output in 2009 (expressed in constant 2005 dollars) was $2.15 trillion. That surpassed China's output of $1.48 trillion by nearly 46 percent. China's industries may be booming, but the United States still accounted for 20 percent of the world's manufacturing output in 2009 -- only a hair below its 1990 share of 21 percent.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Sunday, February 6, 2011
US Is World's Biggest Manufacturer
Posted By Milton Recht
From "Made in the U.S.A." by Jeff Jacoby, The Boston Globe:
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