Secondary sector of the economy

Economic sectors
Three-sector hypothesis
Primary sector: raw materials Secondary sector: manufacturing Tertiary sector: services
Theorists
Colin Clark · Jean Fourastié
Additional sectors
Quaternary sector · Quinary sector
Sectors by ownership
Business sector · Private sector · Public sector · Voluntary sector

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

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 quantities 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

Main article: List of countries by GDP sector composition

Largest countries by industrial output according to IMF, 2013

Economy	Countries by industrial output in 2013 (billions in USD)
European Union	4,238
(01) China	4,086
(02) United States	3,101
(03) Japan	1,416
(04) Germany	1,011
(05) Russia	797
(06) Brazil	673
(07) Canada	527
(08) United Kingdom	511
(09) France	501
(10) South Korea	501
(11) Saudi Arabia	499
(12) Italy	496
(13) Indonesia	440
(14) Mexico	436
(15) Australia	423
(16) India	355
(17) Spain	336
(18) Turkey	239
(19) Norway	223
(20) United Arab Emirates	207
Rest of the World	5,622
The twenty largest countries by industrial output in 2013, according to the IMF and CIA World Factbook.