Byte Studio
The leading industrial economies of 2023, ranked by their manufacturing value added as a percentage of GDP and their share of global manufacturing value
Briefing
Description :
highlighting how much of each country’s economy comes from manufacturing and compares their contributions to the global manufacturing output.
- China holds the top spot, contributing 28.8% of the world’s manufacturing value. Its manufacturing sector makes up 26.2% of its GDP, reflecting the country's massive industrial base.
- The United States ranks second globally, accounting for 17.3% of the world’s manufacturing value, but only 10.3% of its GDP comes from manufacturing. This indicates a more diversified economy.
- Other notable economies include Germany, Japan, and India, which contribute around 5% each to the global manufacturing output. However, India's manufacturing sector comprises 12.8% of its GDP, highlighting the country's reliance on industrial production for economic growth.
- Mexico also stands out, with manufacturing making up 20.2% of its GDP, while Ireland has the highest manufacturing share of GDP at 34.2%.
Uganda is shown on the map with a manufacturing value added of 12.9% of its GDP. While Uganda's share of global manufacturing is relatively small, the country is making strides in industrial development. Key sectors include agro-processing, textiles, and construction materials, with the government pushing for further industrialization through initiatives like the Uganda Industrial Research Institute (UIRI) to boost the country’s economic transformation.
References: This infographic uses data from the World Bank, with research and visualization by Ehsan Soltani. The infographic was created by econovisuals (@econovisuals), who specialize in data-driven visualizations.
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