Manufacturing is a part of the foundation of South Carolina's economy. No other sector contributes more - whether it's tax revenue, job creation, high wages, or community support than the more than 5,000 manufacturing operations that are the economic backbone of our state.
Below are just a few facts...
- The average salary for a manufacturing job is $54,444; the average salary for other jobs in the state of South Carolina is $40,797.
- The manufacturing sector employs approximately 12% of all South Carolinians
- There are more than 5,000 manufacturing businesses in our state. This represents only about 4.5% of all establishments in the state, the sector paid more than 20% of all wages paid in South Carolina.
- Manufacturing's share of South Carolina's GSP (Gross State Product) is $24.9 billion. That's 20.9% of the state's entire GDP.
- In 2005, South Carolina manufacturers exported $13.5 billion of the $13.9 billion in total goods; that's 97% of all exports.
- Nearly 40% of South Carolina goods go to neighboring NAFTA countries.
- Almost 25% of all manufacturing jobs in SC depend on exports for their jobs.
- A total of 4,549 companies exported goods from South Carolina locations. Of those, 3,679 (80.9%), were small and medium-sized companies with fewer than 500 employees.
- In 2008, foreign-controlled companies employed 60,700 workers in South Carolina, which accounts for over one-fifth (22.5%) of the total manufacturing employment in our state.
- In 2008, South Carolina exported over $3.2 billion in goods to Canada, the state's largest exporting market.
Sources: The National Association of Manufacturers, the U.S. Department of Commerce, and the South Carolina Department of Commerce.
In the below reports, you can find key facts and information about manufacturing in South Carolina and the United States, as well as important data and statistics for manufacturers.
The key reports highlighted on this page are:
The Economic Impact of Manufacturing in South Carolina, a comprehensive report that quantifies manufacturing's direct and indirect impact in South Carolina.
The Economic Impact of the Automotive Manufacturing sector in South Carolina, which recommends actions to help strengthen manufacturers in America.
The Facts About Modern Manufacturing, which contains data and statistics showing the critical role of manufacturers in the U.S. economy.