Swiss Precision Machining, LLC has been part of the Illinois manufacturing community for over 30 years, and in that time, we have seen the rise and the fall of manufacturing in the state. It might surprise you to know that Illinois is one of the most important states in the United States in regards to contributing to the nation’s manufacturing output. How important? Well, let’s take a look at 10 facts about Illinois manufacturing.
- As of 2011, Illinois was ranked as the 4th most productive manufacturing state in America. It was behind only California, Texas, and Ohio – the first two of which have a substantial population advantage.
- In 2013, Illinois manufacturing accounted for 14.1% of the total gross state product, or, 1/7th of the state’s economy.
- In monetary terms, this output was worth $101.3 billion to the state of Illinois.
- The Illinois manufacturing sector is growing steadily – from 2012 to 2013 alone, the increase in monetary value of the manufacturing output was $8.9 billion, not accounting for inflation.
- As of 2012, there were 18,805 manufacturing establishments in the state of Illinois.
- The top sector for manufacturing in Illinois was machinery, followed by chemical products; food, beverage and tobacco products; and petroleum and coal products.
- Of all the goods exported by the state of Illinois, manufactured goods account for a whopping 91.5% of them as of 2013.
- Small businesses, including us here at Swiss Precision Machining, LLC, account for 90% of exports from Illinois as of 2011.
- 579,200 employees were involved in manufacturing in Illinois in 2013, which accounts for 10% of the non-farm employment in the state. If you know 10 people in Illinois with a job, one of them works in manufacturing.
- Manufacturing employees in Illinois are very well compensated. The average employee made $82,359 in 2013, which is $16,205 more than the average overall non-farm employee.
As you can see, Illinois is a powerhouse when it comes to manufacturing – to put it in perspective, if Illinois was a country, it would have ranked 18th in the world in 2012 in terms of manufacturing output, between Indonesia at roughly $107 billion and Switzerland at roughly $84 billion. It shows no signs of slowing down, and here at Swiss Precision Machining, LLC, we sure hope it doesn’t.