Secondary sector of the economy

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Product’s lifecycle

The secondary sector of the economy or industrial sector includes those economic sectors that create a finished, tangible product: production and construction.

Function[edit]

This sector generally takes the output of the primary sector and manufactures finished goods. These products are then either exported or sold to domestic consumers and to places where they are suitable for use by other businesses. This sector is often divided into light industry and heavy industry. Many of these industries consume large amounts of energy and require factories and machinery to convert the raw materials into goods and products. They also produce waste materials and waste heat that may pose environmental problems or cause pollution.

List of countries by industrial output[edit]

Largest countries by industrial output at Purchasing Power Parity according to IMF, 2014
Economy
Countries by industrial output at Purchasing Power Parity in 2014 (billions in USD)
(01)  China
6,625
(---)  European Union
4,227
(02)  United States
3,418
(03)  Japan
1,238
(04)  Germany
1,005
(05)  Russia
986
(06)  India
922
(07)  Mexico
705
(08)  South Korea
688
(09)  Brazil
661
(10)  Indonesia
644
(11)  Saudi Arabia
619
(12)  United Kingdom
512
(13)  Italy
451
(14)  Canada
450
(15)  Iran
438
(16)  France
437
(17)  Spain
370
(18)  Turkey
333
(19)  Thailand
306
(20)  Taiwan
286
Rest of the World
6,689

The twenty largest countries by industrial output at Purchasing Power Parity in 2014, according to the IMF and CIA World Factbook.

References[edit]