Value Added to U.S. Economy by Manufacturing Sector, as a Percentage of GDP: 1948-2017
Note: Shaded areas indicate U.S. recessions.
Value added is the contribution of each industry's labor and capital to its gross output and to the overall gross domestic product (GDP) of the U.S. Value added is equal to an industryâs gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other industries or imported).
Source: U.S. Bureau of Economic Analysis
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