The leading contributing sectors to gdp in 2019
According to the Bureau of Economic Analysis (BEA), the leading contributing sectors to the United States' Gross Domestic Product (GDP) in 2019 were:
- Professional and Business Services: This sector accounted for 18.3% of GDP, with a value-added contribution of $2.34 trillion. This sector includes industries such as management and technical consulting, accounting and bookkeeping, and administrative and waste services.
- Health Care and Social Assistance: This sector accounted for 17.1% of GDP, with a value-added contribution of $2.23 trillion. This sector includes industries such as hospitals, nursing and residential care facilities, and social assistance services.
- Retail Trade: This sector accounted for 11.4% of GDP, with a value-added contribution of $1.45 trillion. This sector includes industries such as department stores, grocery stores, and gasoline stations.
- Manufacturing: This sector accounted for 11.3% of GDP, with a value-added contribution of $1.43 trillion. This sector includes industries such as automotive, aerospace, and chemicals.
- Finance and Insurance: This sector accounted for 10.4% of GDP, with a value-added contribution of $1.33 trillion. This sector includes industries such as banking, insurance, and securities and commodity exchanges.
- Government: This sector accounted for 9.4% of GDP, with a value-added contribution of $1.21 trillion. This sector includes federal, state, and local government agencies, as well as government enterprises.
- Construction: This sector accounted for 6.4% of GDP, with a value-added contribution of $812 billion. This sector includes industries such as residential and nonresidential building construction, as well as heavy and civil engineering construction.
- Wholesale Trade: This sector accounted for 5.6% of GDP, with a value-added contribution of $714 billion. This sector includes industries such as wholesale trade of durable and nondurable goods.
- Transportation and Warehousing: This sector accounted for 5.4% of GDP, with a value-added contribution of $684 billion. This sector includes industries such as trucking, railroads, and air transportation.
- Information: This sector accounted for 4.8% of GDP, with a value-added contribution of $614 billion. This sector includes industries such as software publishing, motion picture and video production, and telecommunications.
These figures are based on the BEA's GDP by Industry Accounts, which provide a detailed breakdown of the contributions of different industries to the overall GDP.