{"id":24438,"date":"2020-02-10T14:37:41","date_gmt":"2020-02-10T19:37:41","guid":{"rendered":"http:\/\/www.megalextoria.com\/wordpress\/?p=24438"},"modified":"2020-02-10T14:37:41","modified_gmt":"2020-02-10T19:37:41","slug":"the-worlds-top-10-manufacturing-nations-since-1970","status":"publish","type":"post","link":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/2020\/02\/10\/the-worlds-top-10-manufacturing-nations-since-1970\/","title":{"rendered":"The World\u2019s Top 10 Manufacturing Nations Since 1970"},"content":{"rendered":"<p><iframe style=\"width: 100%; height: 600px;\" src=\"https:\/\/public.flourish.studio\/visualisation\/1295324\/embed\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<div style=\"width: 100%!; margin-top: 4px!important; text-align: right!important;\"><a class=\"flourish-credit steem-keychain-checked\" style=\"text-decoration: none!important;\" href=\"https:\/\/public.flourish.studio\/visualisation\/1295324\/?utm_source=embed&amp;utm_campaign=visualisation\/1295324\" target=\"_top\" rel=\"noopener noreferrer\"><img decoding=\"async\" style=\"width: 105px!important; height: 16px!important; border: none!important; margin: 0!important;\" src=\"https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg\" alt=\"Made with Flourish\" \/> <\/a>\n<\/div>\n<p>Here\u2019s a new animated \u201cbar chart race\u201d visualization showing the world\u2019s top ten manufacturing nations by share of global manufacturing output from 1970 to 2018 using data from the\u00a0<a class=\"steem-keychain-checked\" href=\"https:\/\/unstats.un.org\/unsd\/snaama\/Index\" target=\"_blank\" rel=\"noreferrer noopener\">statistics division of the United Nations<\/a>. Flourish has updated its graphing program, and you can now stop the visualization with the arrow in the lower-left corner. You can also fast-forward (or go back) to a specific year by clicking on it. A few observations:<\/p>\n<ol>\n<li>The USSR was the world\u2019s second-largest manufacturing nation from 1970 until it was surpassed by Japan in 1983, which rose to the No. 2 position.<\/li>\n<li>After overtaking Russia in 1983, Japan quickly rose as a manufacturing powerhouse and almost overtook the USA by the mid-1990s, including in 1993 when Japan produced 22.1% of world output vs. 22.9% for the USA and in 1995 when Japan produced 22.0% of the world\u2019s manufacturing vs. USA\u2019s 22.2% share.<\/li>\n<li>China\u2019s rise to become one of the world\u2019s top manufacturers started in the mid-1990s after a long period of producing a fairly stable share of only 3-4% of the world\u2019s factory output from 1970 to 1995. By 1996, China was out-producing both Italy and France for the first time and outproduced Germany starting in 2001 before surpassing Japan in 2007 and the USA in 2010.<\/li>\n<li>Despite falling to the No. 2 position behind China in 2010, the USA is still a global manufacturing powerhouse and produced more manufacturing output in 2018 ($2.32 trillion) than No. 3 Japan, No. 4 Germany, and No. 5 Korea combined ($2.27 trillion) and more than No. 4 Germany, No. 5 Korea, No. 6 India, No. 7 Italy, and No. 8 France combined ($2.26 trillion).<\/li>\n<\/ol>\n<p style=\"text-align: right;\"><a class=\"steem-keychain-checked\" href=\"https:\/\/www.aei.org\/carpe-diem\/animated-chart-of-the-day-worlds-top-ten-manufacturing-nations-1970-to-2018\/\"><em>This article was reprinted with permission from the American Enterprise Institute.<\/em><\/a><\/p>\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.megalextoria.com\/wordpress\/wp-content\/uploads\/2020\/02\/mark-j-perry.jpg\" alt=\"Mark J. Perry\" width=\"100\" height=\"100\" \/>\n<\/div>\n<div>\n<h5><a class=\"steem-keychain-checked\" href=\"http:\/\/www.fee.org\/people\/mark-j-perry\/\"><br \/>\nMark J. Perry<br \/>\n<\/a><\/h5>\n<p>Mark J. Perry is a scholar at the American Enterprise Institute\u00a0and a professor of economics and finance at the University of Michigan\u2019s Flint campus.<\/p>\n<\/div>\n<p style=\"font-style: italic;\">This article was originally published on FEE.org. Read the <a href=\"https:\/\/www.fee.org\/articles\/the-world-s-top-10-manufacturing-nations-since-1970\/\">original article<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.fee.org\/counter\/187232\" alt=\"\" width=\"1\" height=\"1\" \/><script src=\"https:\/\/fee.org\/Scripts\/fee-repub.js\" async=\"async\"><\/script>\n","protected":false},"excerpt":{"rendered":"<p>Here\u2019s a new animated \u201cbar chart race\u201d visualization showing the world\u2019s top ten manufacturing nations by share of global manufacturing output from 1970 to 2018 using data from the\u00a0statistics division of the United Nations. Flourish has updated its graphing program, and you can now stop the visualization with the arrow in the lower-left corner. You can also fast-forward (or go back) to a specific year by clicking on it. A few observations: The USSR was the world\u2019s second-largest manufacturing nation from 1970 until it was surpassed by Japan in 1983, which rose to the No. 2 position. After overtaking Russia in 1983, Japan quickly rose as a manufacturing powerhouse and almost overtook the USA by the mid-1990s, including in 1993 when Japan produced 22.1% of world output vs. 22.9% for the USA and in 1995 when Japan produced 22.0% of the world\u2019s manufacturing vs. USA\u2019s 22.2% share. China\u2019s rise to become one of the world\u2019s top manufacturers started in the mid-1990s after a long period of producing a fairly stable share of only 3-4% of the world\u2019s factory output from 1970 to 1995. By 1996, China was out-producing both Italy and France for the first time and outproduced Germany starting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[3609],"class_list":["post-24438","post","type-post","status-publish","format-standard","hentry","category-news-and-politics","tag-manufacturing"],"_links":{"self":[{"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/24438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=24438"}],"version-history":[{"count":0,"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/24438\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=24438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=24438"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=24438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}