alt Hacker NewsOk thank you for finding more up-to-date data for US manufacturing GDP. Let's re-do the analysis with 2025 data, because I draw the line at using annualized data for a year that has not yet ended.
World total: 17.6 trillion (https://data.worldbank.org/indicator/NV.IND.MANF.CD?location...) US: 2.961 trillion, 16.82% of world China: 4.82 trillion, 27.38% of world total
So you were very much closer to the 3 trillion figure (again, 2026 annualized data is not current, it's forecast). Still quite off from the 1/5th of total. About the same as the EU - 3.03 trillions for 2025 (https://www.macrotrends.net/global-metrics/countries/euu/eur...)
In terms of participation in world total the US has come down from 22.44% in 1997 to 16.82% in 2025 losing 5.38 percentage points or a loss of over 1/5th in less than 30 years.
I'd say there is some justification to claim a decline in US manufacturing.
Again thank you for engaging productively and providing up to date data. I feel like I should offer praise as I chastised you for cursing at me for using data 4 years out of date.
The 1/5th is definitely very approximate.
There’s a decline in the relative share, but that’s down to the rest of the world growing. Adjusted for inflation, 1997 was slightly below the current figure. That’s nothing to brag about, but it’s a far cry from the “we don’t make anything anymore” narrative I see so much.
Where it has declined substantially is employment. That peaked at almost 20 million at the end of the 70s and is now under 13 million.