In 2024, the finance, insurance, real estate, rental, and leasing industry contributed the highest amount of value to the GDP of the U.S. at 21.2 percent. The construction industry contributed around four percent of GDP in the same year.
In 2021, the agriculture sector contributed around 0.94 percent to the Gross Domestic Product (GDP) of the United States. In that same year, 17.61 percent came from industry, and the service sector contributed the most to the GDP, at 76.4 percent.
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Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Professional and Business Services: Professional, Scientific, and Technical Services (CPGDPPST) from Q2 2005 to Q4 2024 about science, contributions, professional, private industries, business, percent, services, private, real, industry, GDP, and USA.
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United States US: GDP: % of GDP: Gross Value Added: Services data was reported at 78.921 % in 2015. This records an increase from the previous number of 77.881 % for 2014. United States US: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 77.198 % from Dec 1997 (Median) to 2015, with 19 observations. The data reached an all-time high of 78.921 % in 2015 and a record low of 74.670 % in 1997. United States US: GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.
This statistic shows the share of economic sectors in gross domestic product (GDP) in Latin America & Caribbean from 2014 to 2024. In 2024, the share of agriculture in Latin America & Caribbean's gross domestic product was 6.26 percent, industry contributed approximately 30.32 percent and the services sector contributed approximately 65.55 percent.
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Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Professional and Business Services: Management of Companies and Enterprises (CPGDPMCE) from Q2 2005 to Q1 2025 about management, contributions, enterprises, professional, companies, private industries, business, percent, services, private, real, industry, GDP, and USA.
In 2024, the finance, real estate, insurance, rental, and leasing industry added the most value to the GDP of the United States. In that year, this industry added 6.2 trillion U.S. dollars to the national GDP. Gross Domestic Product Gross domestic product is a measure of how much a country produces in a certain amount of time. Countries with a high GDP tend to have large economies, for example, the United States. However, GDP does not take into consideration the cost of living and inflation rates, so it is not a good measure of the standard of living. GDP per capita at purchasing power parity is thought to be more reflective of living conditions within a particular country. U.S. GDP California added the largest amount of value to the real GDP of the U.S. in 2022. California was followed by Texas and New York. In California, the professional and business services industry was the most valuable to GDP in 2022. In New York, the finance, insurance, real estate, rental, and leasing industry added the most value to the state GDP. While the business sector added the highest value to the U.S. real GDP in 2021, it was the information industry that had the biggest percentage change in value added to the GDP between 2010 and 2021.
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Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Professional and Business Services: Administrative and Waste Management Services (CPGDPAWMS) from Q2 2005 to Q1 2025 about administrative, waste, management, contributions, professional, private industries, business, percent, services, private, real, industry, GDP, and USA.
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Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Professional and Business Services (CPGDPPBS) from Q2 2005 to Q1 2025 about contributions, professional, private industries, business, percent, services, private, real, industry, GDP, and USA.
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Graph and download economic data for Value Added by Industry: Professional and Business Services as a Percentage of GDP (VAPGDPPBS) from Q1 2005 to Q4 2024 about value added, professional, private industries, business, percent, services, private, industry, GDP, and USA.
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Graph and download economic data for Value Added by Industry: Private Services-Producing Industries as a Percentage of GDP (VAPGDPSPI) from Q1 2005 to Q1 2025 about value added, percent, services, private, industry, GDP, and USA.
In 2023, the Bahamas was the country with the highest share of value added by the services industry to gross domestic product (GDP). Approximately 89 percent of the total value added to these islands' GDP was generated by the services sector. In turn, Paraguay, Haiti, and Nicaragua had the lowest shares, with less than 50 percent.The services industry comprises wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional, and personal services such as education, health care, and real estate. The added value is calculated by subtracting the cost of intermediate goods and services from the sector's total GDP.
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Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Arts, Entertainment, Recreation, Accommodation, and Food Services: Arts, Entertainment, and Recreation (CPGDPAER) from Q2 2005 to Q1 2025 about arts, entertainment, accommodation, contributions, recreation, private industries, food, percent, services, private, real, industry, GDP, and USA.
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View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.
The share of value added by the services industry to gross domestic product in Mexico saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 58.65 percent. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resourcesFind more statistics on other topics about Mexico with key insights such as value added by the services industry to the gross domestic product, value added by the agriculture, forestry, and fishing sector to the gross domestic product, and value added by the services industry to the gross domestic product.
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Graph and download economic data for Value Added by Industry: Educational Services, Health Care, and Social Assistance as a Percentage of GDP (VAPGDPESHS) from Q1 2005 to Q1 2025 about social assistance, value added, health, private industries, education, percent, services, private, industry, GDP, and USA.
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Graph and download economic data for Value Added by Industry: Other Services, Except Government as a Percentage of GDP (VAPGDPOSEG) from Q1 2005 to Q1 2025 about value added, private industries, percent, government, services, private, industry, GDP, and USA.
In October 2024, the value of the Service Purchasing Managers' Index in the United States stood at 56. An indicator of the economic health of the service sector, the Services Purchasing Managers' Index is based on four major indicators: business activity, new orders, employment, and supplier deliveries. An index value above 50 percent indicates a positive development in the service sector, whereas a value below 50 percent indicates a negative situation. Purchasing Managers' Index The Purchasing Manager's Index is a strong indicator of an economic sector's health. The PMI is based on a survey that is sent to more than 400 companies in 19 primary industries, which are weighted by their overall contribution to the nation's GDP. The industries are organized into economic sectors to construct a PMI relevant to each sector, such as construction being in the manufacturing sector. In 2021, the construction industry added 958.8 billion U.S. dollars to the Gross Domestic Product (GDP) of the United States. A high contribution to the GDP by an industry generally helps increase the value of the sector's PMI. As of April 2024, the manufacturing PMI indicated a negative situation at 49.2. The Service Sector The service sector, or tertiary sector, is the section of the economy that deals with the production of services rather than the production of goods or extraction of materials. Within the service sector are many industries such as banking and financial services, construction, education, transportation, hospitality, communication, real estate, information technology, legal services, and more. Unlike the Manufacturing PMI, the Service PMI is based on only four major indicators: business activity, new orders, employment, and supplier deliveries. As a sector that largely relies on human interaction, the service sector was particularly affected by the 2020 COVID-19 pandemic. However, the Services Employment Index, which shows the employment indicator of the Service PMI, was trending upwards over the summer months of 2022. As of March 2023 the SEI decreased to 51.3.
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Graph and download economic data for Value Added by Industry: Professional and Business Services: Professional, Scientific, and Technical Services as a Percentage of GDP (VAPGDPPST) from Q1 2005 to Q1 2025 about science, value added, professional, private industries, business, percent, services, private, industry, GDP, and USA.
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Graph and download economic data for Contributions to Percent Change in the Chain-Type Price Index for GDP by Industry: Professional and Business Services (CPGDPPIPBS) from Q2 2005 to Q1 2025 about contributions, professional, chained, private industries, business, percent, services, private, industry, GDP, price index, indexes, price, and USA.
In 2024, the finance, insurance, real estate, rental, and leasing industry contributed the highest amount of value to the GDP of the U.S. at 21.2 percent. The construction industry contributed around four percent of GDP in the same year.