Tag Archives: Global Manufacturing

Manufacturing in France Continues to Represent a Greater Portion of Their GDP

Posted on August 14th, 2017
French Manufacturing

Being the tenth largest economy in the world with a GDP of $2,699 trillion and a 1.1% GDP real growth (2016), France continually strives to maintain its place as one of the European leaders and to increase its influential role in global economy. With a manufacturing industry representing almost 20% of its total GDP and an industrial production growth rate of 0.5%, France is the 4th largest industrial producer, only behind the USA, Japan, and Germany. This data accounts for the vital role of manufacturing in its economy, as it functions as the primary sources of exports income and one fundamental area to internationally strengthen its position. Always considering diversification as a necessary factor within its industry, France has a large production of vehicles, metallurgical products, machinery, chemicals and pharmaceuticals, textiles, and food products. It also holds a reputation for…

The Manufacturing Economy in Croatia is Limited but Increasing

Posted on August 4th, 2017
Croatia Manufacturing Economy

As a relatively new country in the European Union, Croatia has made great strides to develop its manufacturing economy. Now it is a leader in Eastern Europe and especially among the former states of Yugoslavia. Croatia has proven that with innovation and perseverance it could become a stable and productive member of the European Union. Growth in Manufacturing Manufacturing is not the backbone of the country’s economy. 70% of Croatian GDP comes from the tertiary sector, or services, which is about $94.2 billion USD annually in purchasing power. Despite being a smaller section of the economy, manufacturing nonetheless grows in importance and power each year.  In 2015, manufacturing saw a 2.7% revenue increase. In 2016, it realized a 3.5% increase. Today, manufacturing makes up about 26% of the GDP.  In the last two years, Croatian exports broke 10 billion euros. 94%…