Great Graphic: Made in China...or Not?

Posted Tuesday, January 17, 2012 at 9:33 PM

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Came across this graph in an article published on The Big Picture on the U.S. Content of "Made in China". They say: "Although globalization is widely recognized these days, the U.S. economy actually remains relatively closed. The vast majority of goods and services sold inthe United States is produced here. In 2010, imports were about 16% of U.S. GDP. Imports from China amounted to 2.5% of GDP."

As I've always felt that trade and current account are among the two most misunderstood metrics, I found this very interesting.