In 2023, the finance, insurance, real estate, rental, and leasing industry contributed the highest amount of value to the GDP of the U.S. at 20.7 percent. The construction industry contributed around four percent of GDP in the same year.

Graph and download economic data for Real exports of goods: Foods, feeds, and beverages (B638RX1Q020SBEA) from Q1 2007 to Q4 2024 about beverages, exports, food, goods, real, GDP, and USA.

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.

Graph and download economic data for Exports of Goods: General Merchandise: Foods, feeds, and beverages (IEAXGF) from Q1 1999 to Q4 2024 about merchandise, beverages, exports, food, goods, and USA.

United States Exports: 5-Digit: Other Foods data was reported at 399.212 USD mn in 2017. This records an increase from the previous number of 324.172 USD mn for 2016. United States Exports: 5-Digit: Other Foods data is updated yearly, averaging 183.113 USD mn from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 399.212 USD mn in 2017 and a record low of 24.446 USD mn in 1998. United States Exports: 5-Digit: Other Foods data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA078: Trade Statistics: China: Exports: FAS: End Use.

The Gross Domestic Product (GDP) in the United States was worth 27720.71 billion US dollars in 2023, according to official data from the World Bank. The GDP value of the United States represents 26.29 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Economy, PA, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 33,587, while the mean income for the highest quintile (20% of households with the highest income) is 287,506. This indicates that the top earners earn 9 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 474,140, which is 164.91% higher compared to the highest quintile, and 1411.68% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy median household income. You can refer the same here

Release Date: 2021-05-06.Release Schedule:.The data in this file come from the 2017 Economic Census. For information about economic census planned data product releases, see Economic Census: About: 2017 Release Schedules...Key Table Information:.Includes only establishments of firms with payroll...Data Items and Other Identifying Records:.Number of establishments.Sales, value of shipments, or revenue ($1,000).Response coverage of primary type of food service inquiry (%)..Geography Coverage:.The data are shown for employer establishments of firms at the U.S. and States level. For information about economic census geographies, including changes for 2017, see Economic Census: Economic Geographies...Industry Coverage:.The data are shown at the 6-digit 2017 NAICS code level starting with NAICS code 722513. For information about NAICS, see Economic Census: Technical Documentation: Economic Census Code Lists...Footnotes:.Not applicable...FTP Download:.Download the entire table at: https://www2.census.gov/programs-surveys/economic-census/data/2017/sector72/EC1772FOODSVC.zip..API Information:.Economic census data are housed in the Census Bureau API. For more information, see Explore Data: Developers: Available APIs: Economic Census..Methodology:.To maintain confidentiality, the U.S. Census Bureau suppresses data to protect the identity of any business or individual. The census results in this file contain sampling and/or nonsampling error. Data users who create their own estimates using data from this file should cite the U.S. Census Bureau as the source of the original data only...To comply with disclosure avoidance guidelines, data rows with fewer than three contributing establishments are not presented. Additionally, establishment counts are suppressed when other select statistics in the same row are suppressed. For detailed information about the methods used to collect and produce statistics, including sampling, eligibility, questions, data collection and processing, data quality, review, weighting, estimation, coding operations, confidentiality protection, sampling error, nonsampling error, and more, see Economic Census: Technical Documentation: Methodology...Symbols:.D - Withheld to avoid disclosing data for individual companies; data are included in higher level totals.N - Not available or not comparable.S - Estimate does not meet publication standards because of high sampling variability, poor response quality, or other concerns about the estimate quality. Unpublished estimates derived from this table by subtraction are subject to these same limitations and should not be attributed to the U.S. Census Bureau. For a description of publication standards and the total quantity response rate, see link to program methodology page..X - Not applicable.A - Relative standard error of 100% or more.r - Revised.s - Relative standard error exceeds 40%.For a complete list of symbols, see Economic Census: Technical Documentation: Data Dictionary.. .Source:.U.S. Census Bureau, 2017 Economic Census.For information about the economic census, see Business and Economy: Economic Census...Contact Information:.U.S. Census Bureau.For general inquiries:. (800) 242-2184/ (301) 763-5154. ewd.outreach@census.gov.For specific data questions:. (800) 541-8345.For additional contacts, see Economic Census: About: Contact Us.

The United States has, by far, the largest gross domestic product (GDP) of the G7 countries. Moreover, while the GDP of the other six countries fluctuated between 2000 and 2024, the U.S.' grew almost constantly, reaching an estimated 29.2 trillion U.S. dollars in 2024. The United States is also the world's largest economy ahead of China. Germany had the second largest economy of the G7 countries at around 4.7 trillion U.S. dollars.

In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

United States PPI: Weights: Flow: Stage2: ID: SP: Goods: excl Foods & Energy data was reported at 4.789 % in 2024. This records a decrease from the previous number of 4.866 % for 2023. United States PPI: Weights: Flow: Stage2: ID: SP: Goods: excl Foods & Energy data is updated yearly, averaging 4.660 % from Dec 2010 (Median) to 2024, with 15 observations. The data reached an all-time high of 5.463 % in 2020 and a record low of 2.631 % in 2011. United States PPI: Weights: Flow: Stage2: ID: SP: Goods: excl Foods & Energy data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I070: Producer Price Index: FD-ID System: Intermediate Demand: Production Flow: Weights.

Graph and download economic data for Expenditures: Miscellaneous Foods by Number of Earners: Consumer Units of Two or More People, Three or More Earners (CXUMISCFOODLB0707M) from 1984 to 2023 about miscellaneous, expenditures, food, consumer, persons, and USA.

In 2023, 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 5.66 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.

Top 10 Source Countries Of International Students in the US 2013

Graph and download economic data for Advance U.S. International Trade in Goods: Imports: Foods, Feeds, & Beverages (AITGIFN) from Jan 2025 to Jan 2025 about beverages, imports, trade, food, goods, and USA.

In 2024, the total value of U.S. trade goods amounted to approximately 5.4 trillion U.S. dollars. This shows the significance and scale of international trade for the economy of the United States. In 2024, the United States imported goods valuing around 3.3 trillion U.S. dollars from international trading partners, in comparison the value of goods exported from the United States to other countries amounted to around 2.1 trillion U.S. dollars.Import and export trade The import of trade goods relate to goods brought into the United States. This typically refers to goods grown, produced, or manufactured in other countries. Imports include goods of domestic origin which have been worked on abroad before reentering the United States. The export of trade goods refer to goods sold internationally which were grown, produced, or manufactured in the United States. It also includes commodities of foreign origin which have been changed in the United States from the form in which they were imported, or which have been enhanced in value or condition by further processing or manufacturing within the United States before again being sold internationally. Leading trade partners of the United States In 2023, Mexico was the largest source of goods imported into the United States, with goods valuing approximately 475.6 billion U.S. dollars. Mexico and Canada were the second and third largest exporters of goods to the United States, respectively. In 2023, Canada was the leading destination of goods exported from the United States, with U.S. trade goods worth over 350 billion U.S. dollars exported to Canada. Mexico and China also feature at the top of the list of importers of U.S. goods.

Table NameAccommodation and Food Services: Subject Series - Estab & Firm Size: Summary Statistics by Concentration of Largest Firms for the U.S.: 2012ReleaseScheduleThe data in this file are scheduled for release in the first quarter of 2016.Key TableInformationRelated data can be found in EC1272SSSZ1 through EC1272SSSZ5 and EC1272SSSZ7 which present data by employment and sales size of establishments and firms, single unit and multiunit firms, and legal form of organization for the United States. See Methodology for additional information on data limitations.UniverseThe universe of this file is all establishments of firms with payroll in business at any time during 2012 and classified in Accommodation and Food Services (Sector 72).GeographyCoverageThe data are shown at the United States level only.IndustryCoverageThe data are shown for 2-digit and selected 3- through 7-digit 2012 NAICS codes.Data ItemsandOtherIdentifyingRecordsThis file contains data on:EstablishmentsSalesSales of largest firms as a percent of total salesAnnual payrollFirst-quarter payrollPaid employeesEach record includes a CONCENFI code which represents a specific firm concentration category (including all firms, 4 largest firms, 8 largest firms, 20 largest firms, and 50 largest firms).FTP DownloadDownload the entire table athttps://www2.census.gov/econ2012/EC/sector72/EC1272SSSZ6.zip. ContactInformation. U.S. Census Bureau, Economy Wide Statistics Division. Data User Outreach and Education Staff. Washington, DC 20233-6900. Tel: (800) 242-2184. Tel: (301) 763-5154. ewd.outreach@census.gov. . .For information on economic census geographies, including changes for 2012, see the economic census Help Center..Includes only firms and establishments of firms with payroll. Excludes data for corporate, subsidiary, and regional managing offices and establishments of these firms that are classified in other categories than those specified in this file. SeeTable Notes for more information. Data based on the 2012 Economic Census. For method of assignment to categories shown and for information on confidentiality protection, sampling error, nonsampling error, and definitions, see Methodology..Symbols:D - Withheld to avoid disclosing data for individual companies; data are included in higher level totalsN - Not available or not comparableFor a complete list of all economic programs symbols, see the Symbols Glossary.Source: U.S. Census Bureau, 2012 Economic Census.Note: The data in this file are based on the 2012 Economic Census. To maintain confidentiality, the U.S. Census Bureau suppresses data to protect the identity of any business or individual. The census results in this file contain nonsampling error. Data users who create their own estimates using data from this file should cite the U.S. Census Bureau as the source of the original data only. For the full technical documentation, see Methodology link in above headnote.

Graph and download economic data for Expenditures: Miscellaneous Foods by Deciles of Income Before Taxes: Eighth 10 Percent (71st to 80th Percentile) (CXUMISCFOODLB1509M) from 2014 to 2023 about miscellaneous, percentile, tax, expenditures, food, income, and USA.

The Long Depression was, by a large margin, the longest-lasting recession in U.S. history. It began in the U.S. with the Panic of 1873, and lasted for over five years. This depression was the largest in a series of recessions at the turn of the 20th century, which proved to be a period of overall stagnation as the U.S. financial markets failed to keep pace with industrialization and changes in monetary policy. Great Depression The Great Depression, however, is widely considered to have been the most severe recession in U.S. history. Following the Wall Street Crash in 1929, the country's economy collapsed, wages fell and a quarter of the workforce was unemployed. It would take almost four years for recovery to begin. Additionally, U.S. expansion and integration in international markets allowed the depression to become a global event, which became a major catalyst in the build up to the Second World War. Decreasing severity When comparing recessions before and after the Great Depression, they have generally become shorter and less frequent over time. Only three recessions in the latter period have lasted more than one year. Additionally, while there were 12 recessions between 1880 and 1920, there were only six recessions between 1980 and 2020. The most severe recession in recent years was the financial crisis of 2007 (known as the Great Recession), where irresponsible lending policies and lack of government regulation allowed for a property bubble to develop and become detached from the economy over time, this eventually became untenable and the bubble burst. Although the causes of both the Great Depression and Great Recession were similar in many aspects, economists have been able to use historical evidence to try and predict, prevent, or limit the impact of future recessions.