Index
Industrial Dollar Index
$0.53
Manufacturing output per dollar spent building factories.
Before the pandemic, it was $1.00.
Data through April 2026
Open the index →
Countries are spending hundreds of billions on factories and fabs. We measure what the money produces and rate the programs that train people to run them.
Governments and investors can use the numbers to see where factory money turns into output and where it stalls.
Manufacturing output per dollar spent building factories.
Before the pandemic, it was $1.00.
Promised factories that have started producing.
54 of the 162 factories announced since 2017, across 32 states.
Training programs scored against a published standard.
The top rating means a program's graduates are ready to work on a factory floor.
The Industrial Dollar Index works for any country that publishes factory output and investment data. Our paper runs it for the United States and six allies: Germany, Japan, South Korea, Canada, France and Italy. All seven get less output per dollar of factory investment than before the pandemic. The United States and Canada fell furthest.
Allied versions of the tracker and the rating are next.
Seven-country data through 2023Each instrument's page shows how it is built and what it leaves out. If a figure is wrong, write to hello@industriousaf.org and include your source.