Economists Salary in Sector of Manufacturing

The salary statistics of economists in the industry sector of manufacturing are shown in Table 1. In Table 2 we compare economists salaries in different industries within the manufacturing sector.

Average Annual Salary of Economists

Percentile BracketAverage Annual Salary
10th Percentile Wage
$53,010
25th Percentile Wage
$69,030
50th Percentile Wage
$106,710
75th Percentile Wage
$154,460
90th Percentile Wage
$204,900

Table 1 shows the average annual salary for economists in the industry sector of manufacturing. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) economists is $204,900. The median annual salary (50th percentile) is $106,710. The average annual salary for the bottom 10 percent paid economists is $53,010.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of economists in the industry sector of manufacturing from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$106,710
2.22% 6.82%
2016
$104,340
-26.81% -
2015
$132,310
-8.99% -
2014
$144,210
3.74% -
2013
$138,820
28.37% -
2012
$99,430
- -

Compare Economists Salary in Different Industries within the Manufacturing Sector

The average salaries of economists in four industries in the manufacturing sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for economists occupations is the petroleum and coal products manufacturing industry with an annual salary $120,530. The lowest paying industry is the pharmaceutical and medicine manufacturing industry (annual salary $95,710). For detailed economists salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Petroleum and Coal Products Manufacturing
$120,530
Petroleum and Coal Products Manufacturing
$120,530
Chemical Manufacturing
$99,870
Pharmaceutical and Medicine Manufacturing
$95,710

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




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