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.

The statistic shows the distribution of the workforce across economic sectors in the United States from 2013 to 2023. In 2023, 1.57 percent of the workforce in the US was employed in agriculture, 19.34 percent in industry and 79.09 percent in services. See U.S. GDP per capita for more information. American workforce A significant majority of the American labor force is employed in the services sector, while the other sectors, industry and agriculture, account for less than 20 percent of the US economy. However, the United States is among the top exporters of agricultural goods – the total value of US agricultural exports has more than doubled since 2000. A severe plunge in the employment rate in the US since 1990 shows that the American economy is still in turmoil after the economic crisis of 2008. Unemployment is still significantly higher than it was before the crisis, and most of those unemployed and looking for a job are younger than 25; youth unemployment is a severe problem for the United States, many college or university graduates struggle to find a job right away. Still, the number of employees in the US since 1990 has been increasing slowly, with a slight setback during and after the recession. Both the number of full-time and of part-time workers have increased during the same period. When looking at the distribution of jobs among men and women, both project the general downward trend. A comparison of the employment rate of men in the US since 1990 and the employment rate of women since 1990 shows that more men tend to be employed than women.

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.

The U.S. manufacturing sector plays a central role in the economy, accounting for 20% of U.S. capital investment, 60% of the nation's exports and 70% of business R&D. Overall, the sector's market size, measured in terms of revenue is worth roughly $6 trillion, making it a major industry to do business with. So which U.S. states are the biggest for manufacturing? This article will explore the nation's top manufacturing states, measured by number of employees, based on MNI's database of 400,000 U.S. manufacturing companies.

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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The United States' total Exports in 2024 were valued at US$2.06 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main export partners were: Canada, Mexico and China. The top three export commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$3.36 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

Release Date: 2016-09-23..Table Name. . Statistics for Owners of Respondent Employer Firms by Whether the Business Provided the Owner's Primary Source of Personal Income by Sector, Gender, Ethnicity, Race, Veteran Status, and Years in Business for the U.S., States, and Top 50 MSAs: 2014. ..Release Schedule. . This file was released in September 2016.. ..Key Table Information. . These data are related to all other 2014 ASE files.. Refer to the Methodology section of the Annual Survey of Entrepreneurs website for additional information.. ..Universe. . The universe for the 2014 Annual Survey of Entrepreneurs (ASE) includes all U.S. firms with paid employees operating during 2014 with receipts of $1,000 or more which are classified in the North American Industry Classification System (NAICS) sectors 11 through 99, except for NAICS 111, 112, 482, 491, 521, 525, 813, 814, and 92 which are not covered. Firms with more than one domestic establishment are counted in each geographic area and industry in which they operate, but only once in the U.S. total.. For Characteristics of Business Owners (CBO) data, all estimates are of owners of firms responding to the ASE. That is, estimates are based only on firms providing gender, ethnicity, race, or veteran status; or firms not classifiable by gender, ethnicity, race, and veteran status that returned an ASE online questionnaire with at least one question answered. The ASE online questionnaire provided space for up to four owners to report their characteristics.. CBO data are not representative of all owners of all firms operating in the United States. The data do not represent all business owners in the United States.. ..Geographic Coverage. . The data are shown for:. . United States. States and the District of Columbia. The top fifty most populous metropolitan areas. . ..Industry Coverage. . The data are shown for the total of all sectors (00) and the 2-digit NAICS code level.. ..Data Items and Other Identifying Records. . Statistics for Owners of Respondent Employer Firms by Whether the Business Provided the Owner's Primary Source of Personal Income by Sector, Gender, Ethnicity, Race, Veteran Status, and Years in Business for the U.S., States, and Top 50 MSAs: 2014 contains data on:. . Number of owners of respondent firms with paid employees. Percent of number of owners of respondent firms with paid employees. . The data are shown for:. . Gender, ethnicity, race and veteran status of owners of respondent firms. . All owners of respondent firms. Female. Male. Hispanic. Non-Hispanic. White. Black or African American. American Indian and Alaska Native. Asian. Native Hawaiian and Other Pacific Islander. Some other race. Minority. Nonminority. Veteran. Nonveteran. . . Years in business. . All firms. Firms less than 2 years in business. Firms with 2 to 3 years in business. Firms with 4 to 5 years in business. Firms with 6 to 10 years in business. Firms with 11 to 15 years in business. Firms with 16 or more years in business. . . Whether the business was the primary income source for owner in 2014. . Business was the owner's primary source of personal income. Business was not the owner's primary source of personal income. Total reporting. Item not reported. . . . ..Sort Order. . Data are presented in ascending levels by:. . Geography (GEO_ID). NAICS code (NAICS2012). Gender, ethnicity, race, and veteran status (ASECBO). Years in business (YIBSZFI). Whether the business was the primary income source for owner in 2014 (PRMINC). . The data are sorted on underlying control field values, so control fields may not appear in alphabetical order.. ..FTP Download. . Download the entire SE1400CSCBO05 table at: https://www2.census.gov/programs-surveys/ase/data/2014/SE1400CSCBO05.zip. ..Contact Information. . To contact the Annual Survey of Entrepreneurs staff:. . Visit the website at https://www.census.gov/programs-surveys/ase.html.. Email general, nonsecure, and unencrypted messages to ewd.annual.survey.of.entrepreneurs@census.gov.. Call 301.763.1546 between 7 a.m. and 5 p.m. (EST), Monday through Friday.. Write to:. U.S. Census Bureau. Annual Survey of Entrepreneurs. 4600 Silver Hill Road. Washington, DC 20233. . . ...Data User Notice posted on June 9, 2017: Census Bureau staff identified a processing error that affects selected data from the 2014 Annual Su...

The Aluminum Manufacturing industry has grown substantially over the past five years, although growth has been highly volatile year-over-year. Advancements in production techniques have significantly contributed to this growth. Implementing automation and AI-driven processes has optimized manufacturing efficiency, reducing production time and costs. Cost efficiencies have been achieved through decreased labor expenses and reduced depreciation fees, enhancing profit. The industry benefited from regulations like the US-Mexico-Canada Agreement that was enacted to replace NAFTA in 2020, which improved trade stability. Innovation in recycling technology has allowed for more sustainable production, aligning with growing environmental standards. The industry’s focus on lightweight and energy-efficient materials has driven higher demand in markets like automotive and aerospace. Technological enhancements like advanced refining processes have also played a crucial role. Trade policies have facilitated smoother cross-border operations, boosting growth. Overall, the period reflects successful adaptation amid transformation. Aluminum Manufacturing industry revenue has been surging at a CAGR of 6.0% over the last five years and is expected to total $52.4 billion in 2025, when revenue will jump by an estimated 3.0%. Downstream markets power the aluminum manufacturing industry, especially when it comes to electric vehicles, which require more aluminum. The automotive industry’s transition to lightweight materials, like aluminum, aids in meeting stringent fuel efficiency and emissions standards. Aerospace also demands aluminum for its weight-to-strength ratio advantages. The packaging industry increasingly uses aluminum for its sustainability benefits, highlighting recyclability as a competitive edge. The tariff on aluminum imports affects these markets' cost structures and pricing strategies. Regulatory standards that mandate emissions reductions impact production choices in downstream markets. Emerging technologies in battery casings and electronic components introduce new opportunities for aluminum usage. Trade policies will play a crucial role by affecting export and import trends, especially amid changing global economic conditions. The Aluminum Manufacturing industry is set for continued growth over the next five years. Future expansion will be driven by sustained demand from the automotive, construction and packaging industries. Technological advancements like laser cutting and enhanced welding techniques will boost production efficiency. The 25.0% tariff on aluminum imports, introduced in March 2025, will have mixed effects by protecting domestic production but potentially impacting material costs. Government infrastructure projects slated for coming years will increase aluminum demand. Energy-efficient production methods using renewable energy sources are expected to reduce operational costs. The shift toward electric vehicles, which require aluminum, will transform the market environment. Continued emphasis on recycling will reduce costs. Trade agreements will support export growth but need careful navigation because of tariffs and possible retaliation. The industry's outlook shows clear growth avenues ahead, with revenue expected to expand at a CAGR of 1.5% to a projected $56.6 billion over the five years to 2030.

Italy's total Exports in 2024 were valued at US$674.87 Billion, according to the United Nations COMTRADE database on international trade. Italy's main export partners were: Germany, the United States and France. The top three export commodities were: Machinery, nuclear reactors, boilers; Pharmaceutical products and Vehicles other than railway, tramway. Total Imports were valued at US$615.60 Billion. In 2024, Italy had a trade surplus of US$59.27 Billion.

Operators in the Cable Networks industry produce and acquire programs that it then supplies to third-party broadcasters for dissemination. The industry has responded to waning TV subscriptions by expanding its premium content offerings over the five years to 2022. In addition, the industry also derives a significant portion of its revenue from advertising fees. Therefore, industry revenue benefited as total advertising expenditure in the US rose to unprecedented levels. However, the rise in online streaming services and the recent spread of COVID-19 (coronavirus) deterred industry performance. Overall, IBISWorld projects industry revenue will decline an annualized 1.5% over the five years to 2022, dropping to $94.1 billion in 2022, despite growing 0.9% in 2021 and an expected 0.1% in 2022 as the economic fallout of the coronavirus pandemic gives way to an economic recovery.Streaming video platforms represent an additional media outlet for industry content as these providers license content from industry operators. However, streaming platforms moved to offer original content, which have enabled these platforms to become a primary competitor to the industry. Large industry operators have been quick to embrace new digital platforms. WarnerMedia, now a subsidiary of AT&T Inc., launched HBO Max in 2020. The Walt Disney Company launched Disney+, a stand-alone streaming service, while also acquiring 21st Century Fox Inc. and buying out partners in Hulu to bolster its digital offerings. Although industry competition has increased, profit has remained significant because many of the largest networks wield substantial market power over content distributors.The industry's foremost challenge over the five years to 2027 is declining cable TV subscriptions. This trend has hampered growth and must be offset either by negotiating higher fees or through the introduction of alternative revenue streams; streaming services will likely be part of the answer in the outlook period. These services, particularly those that broadcast live, enable operators to attract a larger audience and, thus, make advertising airtime more valuable. Additionally, as HBO has demonstrated, networks with in-demand content can boost revenue through subscription fees. Industry revenue, however, is expected to decline an annualized 0.3% to $92.4 billion over the five years to 2027 as the economy recovers from the recent downturn and live sports return to TV, supporting advertising revenue.

Release Date: 2017-07-13.[NOTE: Includes firms with payroll at any time during 2015. Employment reflects the number of paid employees during the March 12 pay period. Data are based on Census administrative records, and the estimates of business ownership by gender, ethnicity, race, and veteran status are from the 2015 Annual Survey of Entrepreneurs. Detail may not add to total due to rounding or because a Hispanic firm may be of any race. Moreover, each owner had the option of selecting more than one race and therefore is included in each race selected. Respondent firms include all firms that responded to the characteristic(s) tabulated in this dataset and reported gender, ethnicity, race, or veteran status for at least one owner and were not publicly held or not classifiable by gender, ethnicity, race, and veteran status. The 2015 Annual Survey of Entrepreneurs asked for information for up to four persons owning the largest percentage(s) of the business. Percentages are for owners of respondent firms only and are not recalculated when the dataset is resorted. Percentages are always based on total reporting (defined above) within a gender, ethnicity, race, veteran status, and/or industry group for the characteristics tabulated in this dataset. Firms with more than one domestic establishment are counted in each geographic area and industry in which they operate, but only once in the U.S. and state totals for all sectors. For information on confidentiality protection, sampling error, nonsampling error, and definitions, see Survey Methodology.]..Table Name. . Statistics for Owners of Respondent Employer Firms by Owner's Primary Function in the Business by Sector, Gender, Ethnicity, Race, Veteran Status, and Years in Business for the U.S., States, and Top 50 MSAs: 2015. ..Release Schedule. . This file was released in July 2017.. ..Key Table Information. . These data are related to all other 2015 ASE files.. Refer to the Methodology section of the Annual Survey of Entrepreneurs website for additional information.. ..Universe. . The universe for the 2015 Annual Survey of Entrepreneurs (ASE) includes all U.S. firms with paid employees operating during 2015 with receipts of $1,000 or more which are classified in the North American Industry Classification System (NAICS) sectors 11 through 99, except for NAICS 111, 112, 482, 491, 521, 525, 813, 814, and 92 which are not covered. Firms with more than one domestic establishment are counted in each geographic area and industry in which they operate, but only once in the U.S. total.. For Characteristics of Business Owners (CBO) data, all estimates are of owners of firms responding to the ASE. That is, estimates are based only on firms providing gender, ethnicity, race, or veteran status; or firms not classifiable by gender, ethnicity, race, and veteran status that returned an ASE online questionnaire with at least one question answered. The ASE online questionnaire provided space for up to four owners to report their characteristics.. CBO data are not representative of all owners of all firms operating in the United States. The data do not represent all business owners in the United States.. ..Geographic Coverage. . The data are shown for:. . United States. States and the District of Columbia. The fifty most populous metropolitan areas. . ..Industry Coverage. . The data are shown for the total of all sectors (00) and the 2-digit NAICS code level.. ..Data Items and Other Identifying Records. . Statistics for Owners of Respondent Employer Firms by Owner's Primary Function in the Business by Sector, Gender, Ethnicity, Race, Veteran Status, and Years in Business for the U.S., States, and Top 50 MSAs: 2015 contains data on:. . Number of owners of respondent firms with paid employees. Percent of number of owners of respondent firms with paid employees. . The data are shown for:. . Gender, ethnicity, race and veteran status of owners of respondent firms. . All owners of respondent firms. Female. Male. Hispanic. Non-Hispanic. White. Black or African American. American Indian and Alaska Native. Asian. Native Hawaiian and Other Pacific Islander. Some other race. Minority. Nonminority. Veteran. Nonveteran. . . Years in business. . All firms. Firms less than 2 years in business. Firms with 2 to 3 years in business. Firms with 4 to 5 years in business. Firms with 6 to 10 years in business. Firms with 11 to 15 years in business. Firms with 16 or more years in business. . . Owner's primary functions in the business in 2015. . Providing services a...

China's total Exports in 2024 were valued at US$3.58 Trillion, according to the United Nations COMTRADE database on international trade. China's main export partners were: the United States, Hong Kong and Vietnam. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Imports were valued at US$2.59 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

The United States' total Imports in 2024 were valued at US$3.36 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main import partners were: Mexico, China and Canada. The top three import commodities were: Machinery, nuclear reactors, boilers; Electrical, electronic equipment and Vehicles other than railway, tramway. Total Exports were valued at US$2.06 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

The number of manufacturing enterprises in the United States was forecast to continuously decrease between 2024 and 2029 by in total 6.7 thousand enterprises (-2.21 percent). After the fourteenth consecutive decreasing year, the number is estimated to reach 297.07 thousand enterprises and therefore a new minimum in 2029. According to the OECD an enterprise is defined as the smallest combination of legal units, which is an organisational unit producing services or goods, that benefits from a degree of autonomy with regards to the allocation of resources and decision making. Depicted here are enterprises in the industrial sector of manufacturing, as defined in the ISIC classification framework.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).

Release Date: 2017-07-13.[NOTE: Includes firms with payroll at any time during 2015. Employment reflects the number of paid employees during the March 12 pay period. Data are based on Census administrative records, and the estimates of business ownership by gender, ethnicity, race, and veteran status are from the 2015 Annual Survey of Entrepreneurs. Detail may not add to total due to rounding or because a Hispanic firm may be of any race. Moreover, each owner had the option of selecting more than one race and therefore is included in each race selected. Respondent firms include all firms that responded to the characteristic(s) tabulated in this dataset and reported gender, ethnicity, race, or veteran status for at least one owner and were not publicly held or not classifiable by gender, ethnicity, race, and veteran status. The 2015 Annual Survey of Entrepreneurs asked for information for up to four persons owning the largest percentage(s) of the business. Percentages are for owners of respondent firms only and are not recalculated when the dataset is resorted. Percentages are always based on total reporting (defined above) within a gender, ethnicity, race, veteran status, and/or industry group for the characteristics tabulated in this dataset. Firms with more than one domestic establishment are counted in each geographic area and industry in which they operate, but only once in the U.S. and state totals for all sectors. For information on confidentiality protection, sampling error, nonsampling error, and definitions, see Survey Methodology.]..Table Name. . Statistics for Owners of Respondent Employer Firms by Whether the Business Provided the Owner's Primary Source of Personal Income by Sector, Gender, Ethnicity, Race, Veteran Status, and Years in Business for the U.S., States, and Top 50 MSAs: 2015. ..Release Schedule. . This file was released in July 2017.. ..Key Table Information. . These data are related to all other 2015 ASE files.. Refer to the Methodology section of the Annual Survey of Entrepreneurs website for additional information.. ..Universe. . The universe for the 2015 Annual Survey of Entrepreneurs (ASE) includes all U.S. firms with paid employees operating during 2015 with receipts of $1,000 or more which are classified in the North American Industry Classification System (NAICS) sectors 11 through 99, except for NAICS 111, 112, 482, 491, 521, 525, 813, 814, and 92 which are not covered. Firms with more than one domestic establishment are counted in each geographic area and industry in which they operate, but only once in the U.S. total.. For Characteristics of Business Owners (CBO) data, all estimates are of owners of firms responding to the ASE. That is, estimates are based only on firms providing gender, ethnicity, race, or veteran status; or firms not classifiable by gender, ethnicity, race, and veteran status that returned an ASE online questionnaire with at least one question answered. The ASE online questionnaire provided space for up to four owners to report their characteristics.. CBO data are not representative of all owners of all firms operating in the United States. The data do not represent all business owners in the United States.. ..Geographic Coverage. . The data are shown for:. . United States. States and the District of Columbia. The fifty most populous metropolitan areas. . ..Industry Coverage. . The data are shown for the total of all sectors (00) and the 2-digit NAICS code level.. ..Data Items and Other Identifying Records. . Statistics for Owners of Respondent Employer Firms by Whether the Business Provided the Owner's Primary Source of Personal Income by Sector, Gender, Ethnicity, Race, Veteran Status, and Years in Business for the U.S., States, and Top 50 MSAs: 2015 contains data on:. . Number of owners of respondent firms with paid employees. Percent of number of owners of respondent firms with paid employees. . The data are shown for:. . Gender, ethnicity, race and veteran status of owners of respondent firms. . All owners of respondent firms. Female. Male. Hispanic. Non-Hispanic. White. Black or African American. American Indian and Alaska Native. Asian. Native Hawaiian and Other Pacific Islander. Some other race. Minority. Nonminority. Veteran. Nonveteran. . . Years in business. . All firms. Firms less than 2 years in business. Firms with 2 to 3 years in business. Firms with 4 to 5 years in business. Firms with 6 to 10 years in business. Firms with 11 to 15 years in business. Firms with 16 or more years in business. . . Whether the business ...

Sweden's total Exports in 2024 were valued at US$195.76 Billion, according to the United Nations COMTRADE database on international trade. Sweden's main export partners were: Germany, Norway and the United States. The top three export commodities were: Machinery, nuclear reactors, boilers; Vehicles other than railway, tramway and Electrical, electronic equipment. Total Imports were valued at US$188.97 Billion. In 2024, Sweden had a trade surplus of US$6.79 Billion.

Weather Forecasting Services Market Outlook

The global weather forecasting services market size was valued at approximately USD 2.6 billion in 2023 and is projected to reach USD 5.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.5% during the forecast period. This robust growth is driven by the increasing demand for accurate weather forecasts across various sectors such as agriculture, aviation, and energy, which rely heavily on meteorological predictions to optimize operations and ensure safety. The advancements in technology, particularly in data collection and analysis, have significantly enhanced the accuracy and reliability of weather forecasts, prompting wider adoption across industries.

One of the primary growth factors for the weather forecasting services market is the increasing frequency of severe weather events due to climate change. Industries are experiencing heightened exposure to extreme weather conditions, leading them to seek more accurate and timely forecasts to mitigate risks. This is particularly evident in sectors like agriculture and energy, where weather conditions can have a direct impact on productivity and safety. As a result, there is a heightened demand for both short-term and long-term weather forecasting services, which can provide crucial information to help businesses and government entities prepare and respond effectively to weather-related challenges.

Another significant driver for the market is the technological advancements in meteorological instrumentation and software. The development of sophisticated sensors, satellites, and data analytics tools have greatly improved the precision of weather forecasting models. This technological progress has enabled service providers to offer more detailed and localized forecasts, which are invaluable to sectors such as transportation and aviation. For airlines, accurate weather predictions are essential for flight safety and operational planning, leading to increased investment in weather forecasting services. Similarly, the transportation industry relies on precise weather forecasts to optimize routes and schedules, reducing delays and enhancing safety.

The digital transformation and integration of weather data with other technologies also play a crucial role in the market's growth. The rise of the Internet of Things (IoT) and big data analytics has enabled the collection and processing of vast amounts of weather-related data. This data integration allows companies to develop predictive models that enhance decision-making processes across various industries. For instance, in agriculture, weather forecasts are combined with agricultural data to optimize planting and harvesting schedules, improving yields and reducing waste. The ability to leverage weather information within broader data ecosystems is a compelling growth factor driving the adoption of weather forecasting services.

From a regional perspective, North America holds a significant share of the weather forecasting services market due to the presence of advanced technological infrastructure and the high adoption rate of weather services in industries such as aviation and agriculture. The U.S., in particular, invests heavily in weather forecasting to support its vast agricultural activities and manage natural disaster responses. In contrast, the Asia Pacific region is expected to exhibit the highest growth rate during the forecast period, driven by the increasing industrialization and urbanization in countries like China and India. These nations are investing in weather forecasting services to enhance disaster preparedness and support agricultural and infrastructure planning. Additionally, Europe maintains steady growth, spurred by advancements in satellite technology and a strong focus on climate change mitigation.

Service Type Analysis

In the weather forecasting services market, service type segmentation is a critical aspect, encompassing short-range, medium-range, and long-range forecasting. Short-range forecasting, typically covering a period of up to three days, is essential for industries that require immediate weather data, such as aviation and outdoor event planning. This segment benefits greatly from the continuous improvements in radar and satellite technology, enabling forecasters to provide timely and accurate data crucial for operational decision-making. The demand for short-range forecasts is particularly high in regions with volatile weather patterns, as they can significantly impact daily operations and safety measures.

Medium-range forecasting services, which predict weather conditions fo

Graph and download economic data for Producer Price Index by Industry: Electric Power and Specialty Transformer Manufacturing: Primary Products (PCU335311335311P) from Jun 1981 to Jun 2025 about primary, electricity, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.