Part 2/9:
The Importance of Manufacturing in Europe
While the narrative of Europe being entirely deindustrialized may circulate through public discourse, it is crucial to acknowledge that manufacturing remains a cornerstone of the European economy. In key nations such as Germany, Czechia, and Slovakia, manufacturing contributes approximately 20% to their GDP. In fact, across the European Union, manufacturing constitutes a significant 16.4% of total GDP, contrasted with a mere 11% in the United States. The sector also provides employment for around 30 million individuals throughout the EU, showcasing its prominence within the economic landscape.