In 2023, the government and government enterprises industry added the most real value to the gross domestic product (GDP) of the District of Columbia, amounting to around 44.91 billion U.S. dollars. Comparatively, the information industry contributed around 12.89 billion U.S. dollars to the district's real GDP.
In 2023, the GDP of New Hampshire amounted to around 93.47 billion U.S. dollars. The finance, insurance, real estate, rental, and leasing industry added the most real value to the gross domestic product of the state, amounting to 20.36 billion U.S. dollars. Comparatively, the mining, quarrying, and oil and gas extraction industry added around 155 million U.S. dollars worth of value to the state's GDP.
In 2023, the GDP of New Mexico amounted to around 110.32 billion U.S. dollars. The government and government enterprises industry added the most real value to the gross domestic product of the state, amounting to around 24.72 billion U.S. dollars. Comparatively, the manufacturing industry contributed around 4.2 billion U.S. dollars worth of value to the state's real GDP.
In 2023, the leading industry in Portugal by share of companies belonging to it was the services industry, which had almost 38 percent of the total share of companies in the country. Retail trade followed, with almost 17 percent of Portuguese companies. Finance, insurance, and real estate had a share of more than 11 percent of all companies.
In 2023, the mining, quarrying, and oil and gas extraction industry added about 730 million chained 2017 U.S. dollars of value to New York's GDP. Total real GDP amounted to about 1.79 trillion chained 2017 U.S. dollars. In 2023, the per capita personal income in New York was 82,323 current U.S. dollars.
In 2023, the GDP of Nevada amounted to around 195.41 billion U.S. dollars. The finance, insurance, real estate, rental, and leasing industry added the most real value to the gross domestic product of the state, amounting to around 40.41 billion U.S. dollars. In the same year, the manufacturing sector added around 8.48 billion U.S. dollars of value to the state's real GDP.
In 2023, the mining industry added around 1.65 billion chained 2017 U.S. dollars of value to the state gross domestic product in Virginia. The professional and business services industry added the greatest value, with 136.16 billion U.S. dollars being added to the state's GDP during the same year.
In 2023, the GDP of Wyoming totaled around 40.21 billion U.S. dollars. The mining, quarrying, and oil and gas extraction industry added the most real value to the gross domestic product (GDP) of the state, amounting to around 6.49 billion U.S. dollars. Comparatively, the professional and business services industry contributed around 2.82 billion U.S. dollars to the state's real GDP.
In 2023, the GDP of Tennessee was valued at around 422 U.S. dollars. The manufacturing industry contributed 57.71 billion U.S. dollars of value to the state's gross domestic product. The finance, insurance, real estate, rental, and leasing industry contributed the most to the state's GDP with a value of 74.53 billion U.S. dollars in value added in the same year.
In 2023, financing and insurance contributed around 24.9 percent to the gross domestic product (GDP) of Hong Kong, constituting the largest industry in the city. The total GDP of Hong Kong amounted to around 381 billion U.S. dollars that year. Sectoral view on Hong Kong’s economy Hong Kong is an important financial hub in Asia and a bridgehead for trade with mainland China. The city has a strong service sector that contributes more than 90 percent of its GDP. Trading and logistics, as well as financial and professional services are key industries in the city. Over the last decade, the importance of the financial sector has increased gradually, making Hong Kong to one of the leading financial centers in the world. At the same time, trading and logistics has slowly lost ground, although it is, together with professional services, important for employment in the city. Economic perspectives In recent times, Hong Kong has encountered growing competition from Chinese mainland cities. At the same time, its integration into the Guangdong-Hong Kong-Macao Greater Bay Area offers new opportunities for economic growth. While the trade sector is under pressure by competition from mainland ports, Hong Kong’s highly developed financial, insurance, and business services will most probably grow further in the future.
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.
The gross domestic product (GDP) of Washington in 2023 amounted to around 677 billion U.S. dollars. In 2023, the information industry added 138.22 billion chained 2017 U.S. dollars of value to the state GDP.
In 2023, the energy, water and waste management sector garnered approximately 356.8 billion euros through the 500 non-financial companies in Spain with the largest net profit. Among the 500 largest corporations, those working on retail trade and automotive activities had a turnover of approximately 139.4 and 109.5 billion euros, respectively.
This graph shows the GDP of the Los Angeles metro area in 2022, by industry. In 2022, its GDP amounted to about 1.06 trillion U.S. dollars. About 99.2 billion U.S. dollars were generated by the manufacturing industry. The overall quarterly GDP growth in the United States can be found here.
Gross domestic product of Los Angeles
With a population of over 3.9 million inhabitants in 2011, Los Angeles is the second largest city in America, following only New York. The Los Angeles metro area also ranked second among U.S. metro areas in terms of gross metropolitan product, second again only to New York City metro area, which came in with a GMP of USD 1.287 trillion to Los Angeles’ 755 billion USD in 2011. Chicago metro area ranked third with GMP of 547 billion U.S. dollars. Washington metro area ranked fourth with 434 billion U.S. dollars in 2011. Additional detailed statistics about GDP and GMP in the United States is available here.
Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Los Angeles ranked 11th with a median household income of 48,466 U.S. dollars annually in 2013. This was lower than the median household income of the United States in 2013, which came in at 51,939 U.S. dollars annually.
Located in Southern California, Los Angeles is home to Hollywood, the famous epicenter of the U.S. film and television industries. The United States is one of the leading film markets worldwide, producing 817 films in 2011, many of them produced by Hollywood-based studios. In 2012, movie ticket sales in North America generated over 10.8 billion U.S. dollars in box office revenue. Famous Hollywood actresses earn millions annually, with the best paid, Angelina Jolie, earning 33 million U.S. dollars between June 2012 and June 2013. Second on the list was Jennifer Lawrence with earnings of 26 million U.S. dollars.
In 2023, there were over 730,000 employees working for companies pertaining to the top 500 based on net profit, whose task was offering services to other corporations. The second and third sectors with the highest number of employees working for large enterprises were retail trade and construction, both with over 460,000 workers.
In 2023, around 678.2 billion 2017 U.S. dollars was added to the GDP of Georgia across all industries. In that year, the finance, insurance, and real estate industry was the most valuable, contributing 142.75 billion U.S. dollars. The utilities industry added a further 11.42 billion chained 2017 U.S. dollars of value to the state GDP.
This statistic shows the top industries for billionaire wealth in 2015, globally. In 2015, 1.1 trillion U.S. dollars of billionaire wealth was in the fashion and retail industries.
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.
As of January 2024, the most profitable industry in the United States was money center banking, with a profit margin of 30.89 percent. The profit margin of the regional banking was not too far off, with a net profit margin of 29.67.
This statistic shows the top ten industries of high-growth companies in the United States as of 2016. In 2016, about 13.1 percent of U.S.-based high-growth companies were specialized in information technology services.
In 2023, the government and government enterprises industry added the most real value to the gross domestic product (GDP) of the District of Columbia, amounting to around 44.91 billion U.S. dollars. Comparatively, the information industry contributed around 12.89 billion U.S. dollars to the district's real GDP.