Indiana Leads In Manufacturing
According to The Agurban, Indiana is the leading state in which manufacturing “still matters”. According to the publication, a report from 24/7 Wall Street in August examined at manufacturing output as a percentage of GDP (Gross Domestic Product).
The Agurban reports manufacturing accounted for more than 12 percent of the United States’ GDP in 2013, with output from the sector totaling more than $2 trillion. Last year, manufacturing accounted for more than 30 percent of Indiana’s state GDP, the most in the nation. Using 2013 figures published by the Bureau of Economic Analysis for 2013, 24/7 Wall St. identified the 10 states where manufacturing still matters.
In addition, the Agurban notes consistent auto industry growth in recent years helped drive manufacturing output in several states. Michigan and Indiana, two of the top five states where manufacturing still matters, both depend heavily on auto manufacturing. The states’ motor vehicle sectors generated 7.6 percent and 5 percent of their total 2012 output, respectively, the two highest auto-industry contributions nationwide.
Many of the states with strong manufacturing industries are able to export large quantities of their products. Seven states were among the 15 top national exporters of manufactured goods in 2012, with exports totaling at least $32 billion per state. These states’ export growth rates since the end of the recession has been among the largest. Michigan and Louisiana in particular have exported around 20 percent more manufactured goods each year over that period.
The following is the list of the top 10 states where manufacturing still matters, along with their manufacturing share of output:
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Indiana – 30.1 percent
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Oregon – 29.8 percent
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Louisiana – 23.4 percent
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North Carolina – 20.9 percent
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Michigan – 19 percent
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Wisconsin – 18.9 percent
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Kentucky – 18.3 percent
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Alabama – 17.8 percent
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Ohio – 17.7 percent
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South Carolina – 17.3 percent