This chart shows the manufacturing value added as a percentage of GDP in selected countries.
Emerging and advanced economies alike are experiencing a decline of their manufacturing sectors, which are becoming less and less important for national incomes. In the 1980s, industrial production made up a quarter or more of national GDPs around the world, but that share has been in ongoing decline. This is according to data from the World Bank and the United Nations.
As the IMF notes, the loss of manufacturing jobs has been a source of anxiety across developed countries, as many fear the disappearance of […]
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