Value of Manufactured Output - US$/person/year.
Since the beginning of this century the quantitative approach to the study of economic growth and development got an important stimulus from the increased availability of official statistics on income, output and expenditure. The creation of national accounts on a consistent basis for many countries greatly facilitated systematic comparison of economic performance of nations. However, cross country comparisons of levels of per capita income and productivity have remained relatively scarce. The main reason for this is probably the lack of an appropriate way of converting national income and output for all nations into a common currency. While examining the Value of manufactured output around the world, data confirm that North America and Europe have a major trading industry. For example, the U.S and Russia have comparisons of physical quantities in 8 industries, including three mining industries (coal, iron ore, oil and natural gas). For some machinery groups Soviet output was converted to US dollars on the basis of dollar values from Gerashchenko. Other countries such as Canada, Saudi Arabia, Japan, Brazil, France, Germany, Australia, and The Netherlands all have a tight manufactured trading output. Other manufacturing comparisons between advanced countries and the United States included Australia, Canada, Germany, Japan and the Netherlands. In the 1980s the manufacturing productivity gap which had emerged between the United Kingdom and other West European countries during the postwar period, received attention in studies by the National Institute of Economic and Social Research. When connecting this to the map we clearly see how this affects the economies manufactured outputs. The countries which dealt in manufactured outputs tend to have higher level of success. Countries such as India, Nigeria, Ethiopia, and many African countries have a low manufactured output because they tend to have more transaction dealing with agriculture rather than manufactured outputs.
