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U.S. and EU Manufacturing Value Added: Convergence Since 2015
U.S. and European Union share of world manufacturing value added fluctuated around 17% since 2015. Manufacturing comprises 11% of U.S....
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Jan 4, 20251 min read


U.S. and EU Manufacturing Value Added Remains Higher than China Despite Long-Term Decline
The combined U.S. and EU share of global manufacturing value added fell from nearly 50% in 2004 to 32% in 2023, while China surged from...
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Jan 4, 20251 min read


The Shale Revolution's Impact on the U.S. Economy
Shifting from a Deficit to a Surplus in Fuel Trade Balance Relative to GDP For decades, fossil fuels and products trade balance to GDP...
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Jan 4, 20251 min read


High Job Growth for Foreign-Born vs. Low Growth for Native-Born in the U.S.
Nearly 50% Surge in Foreign-Born Employment vs. 8.2% Growth for Native-Born from 2005 to Q3 2024 in the U.S
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Jan 4, 20251 min read


China Becomes Central and South America's Largest Trading Partner Since 2020
China's share of Central and South American trade reached 22% in 2023, compare to the U.S. at 19% and the EU at 13%.
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Jan 4, 20251 min read


Crude Oil Production Value as a Share of Global GDP (1973–2024)
In 2023, crude oil production value accounted for 2.3% of global GDP, with an estimated 2.2% in 2024, both below the long-term average of...
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Jan 4, 20251 min read


Semiconductors Rival Crude Oil in Global Trade
In 2023, Global Trade (Exports + Imports) in Integrated Circuits and Semiconductors Reached $2.5 Trillion, Closing in on the $2.7...
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Jan 4, 20251 min read


Global Economic Impact of Exports in 2023
Goods and Services Exports as a Percentage of Gross Domestic Product (GDP) In 2023, the global ratio of goods and services exports to GDP...
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Jan 4, 20251 min read


Leading Industrial Economies of 2023
Ranked by Manufacturing Value Added as a Percentage of GDP
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Jan 4, 20251 min read
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