Manufacturing and manufacturing technology provide the tools that ensure a growing economy and a rising standard of living. They impact on all aspects of modern life, making possible modern communications, affordable agricultural products, efficient transportation, innovative medical procedures, space exploration and the everyday conveniences we take for granted.
Manufacturing accounted for 12.2% of GDP in 2005, producing $13.2 trillion dollars. The industry employs some 14 million people in around 340,000 businesses. It is a growing sector having achieved 16.9% economic growth between 2001 and 2006.
The United States has been the world leader in aerospace and aviation since the early 20th century as both the largest producer and marketplace. It also has the world's largest military budget. Six of the top nine global aerospace companies are based in the US.
The US aerospace industry grew by around 8.15% in 2006 to exceed US$183.5B. The Bureau of Labor Statistics reported the aerospace industry employed 444,000 wage and salary jobs in 2004. The industry is comprised of an estimated 2,800 companies. Sixty-three percent of the jobs in aerospace manufacturing were in large establishments that each employed 1,000 or more workers.. The largest numbers of aerospace jobs are in Washington and California, followed by Kansas, Texas, Connecticut, and Arizona.
The Gross Domestic Product for agriculture, fishing and hunting in the United States totaled $125.4B in 2006. Farms contributed more than 75% at $95.7B, whereas forestry, fishing and related activities accounted for $26.7B.
2.1 million farms were operated in the US with an average size of 446 acres in 2006. Most of these farms are family owned. Almost 1.5m people were employed in the agriculture, forestry, fishing and hunting sector. Farms employed 779,000 persons, and forestry, fishing and related activities offered 693,000 full-time and part-time jobs.
The US automotive industry (suppliers and manufacturer) is the largest manufacturing industry in the U.S. representing nearly 10% of the U.S. economy.
As such it is a critical economic driver, substantially contributing to employment and productivity. Motor vehicle production reportedly accounts for over 10 percent of the U.S. private-sector gross domestic product, and one out of every seven jobs in the U.S. is in automotive manufacturing or a related industry.
The United States is the top chemicals producer in the world, generating $600 billion per year in turnover. Five million Americans work to produce chemicals and the related machinery & equipment. American exports in the chemical industry are more than $100 billion and make up nearly 10% of all U.S exports annually.