Facts About
   Modern Manufacturing
10th Largest Labor Costs #2 Globally Share of GDP
Investing Abroad Attracting Investment Subsidiaries’ Benefits Foreign Investment Subsidiaries' R&D Spending
Multiplier Effect Living Standards Upstream Jobs Productivity Powerhouse Strong Profitability Manufactured Goods’ Path Equipment Investment R&D Investment U.S. R&D Picture
Higher Wages #3 Manufacturing Exporter Industries Dominating Trade 234 Countries Trade Gap Value-Added Measurement Current Account Deficit Export Market Share Share of U.S. Exports Exports and Growth
Emissions Reduction Energy Efficiency Fuel Use Climate Change Renewable Energy Safety China's Emissions
Range of Workers Compensation Healthcare Educated Workforce
Age Gap Math & Science Engineering Graduates Higher Education
Manufacturing Growth Manufacturing GDP Traditional Manufacturing Measuring Spending
Doing Business Corporate Taxes Healthcare Costs Tort Costs Patents R&D Investment Oil Exports Ban
Plant Size State Economies Value-Added Leaders

Investment in Equipment and Software Spending Outpaces GDP Growth

Investment in equipment and software totaled $1.24 trillion in 2013, representing 7.9% of GDP (as measured in inflation-adjusted dollars). From 2000 through 2013, this type of investment grew at an average annual rate of 2.5%, outpacing the average annual GDP growth rate of 1.7%.

The growth in equipment and software investment helps explain why productivity growth in the manufacturing sector has been strong. The trend in the spending indicates that total U.S. manufacturing sector activity continues to expand.

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