Between 2019 and 2023, oil and gas explorers and producers logged the highest total revenue worldwide, reaching *** trillion U.S. dollars. Life and health insurance carriers followed behind.

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 2024, the education and health services industry employed the largest number of people in the United States. That year, about 37 million people were employed in the education and health services industry. Education and Health Services Industry Despite being one of the wealthiest nations in the world, the United States has started to fall behind in both education and the health care industry. Although the U.S. spends the most money in both these industries, they do not see their desired results in comparison to other nations. Furthermore, in the education services industry, there was a relatively significant wage gap between men and women. In 2019, men earned about 1,070 U.S. dollars per week on average, while their female counterparts only earned 773 U.S. dollars per week. Employment in the U.S. The 2008 financial crisis was a large-scale event that impacted the entire world, especially the United States. The economy started to improve after 2010, and the number of people employed in the United States has been steadily increasing since then. However, the number of people employed in the education sector is expected to slowly decrease until 2026. The overall unemployment rate in the United States has decreased since 2010 as well.

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 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.

The U.S. manufacturing sector remains a global powerhouse, shaping countless products we rely on every day. From towering skyscrapers to intricate medical devices, American manufacturers drive innovation and economic growth. According to the National Association of Manufacturers, manufacturers in the United States perform more than three-quarters of all private-sector research and development (R&D) in the nation, driving more innovation than any other sector.

As of January 2024, the most profitable industry in the United States was money center banking, with a profit margin of ***** percent. The profit margin of the regional banking was not too far off, with a net profit margin of *****.

Graph and download economic data for Value Added by Industry: Manufacturing as a Percentage of GDP (VAPGDPMA) from Q1 2005 to Q1 2025 about value added, private industries, percent, private, manufacturing, industry, GDP, and USA.

Claims on other sectors of the domestic economy (% of GDP) in United States was reported at 205 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Claims on other sectors of the domestic economy (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

The Information sector creates and distributes media content to US consumers and businesses. The Information sector responds to trends in household formation, which influences subscription volumes to communications services advertising expenditure, which generates nearly one-fourth of sector revenue, as well as consumer incomes and spending habits, which influence the extent to which households purchase discretionary entertainment products. The Information sector also sells some products and services directly to businesses and is influenced to a lesser extent by trends in corporate profit and business sentiment. The accelerated pace of digital transformation has fueled industry growth. As remote work and online learning became the norm, the demand for robust digital infrastructure and cloud services skyrocketed. This shift wasn't limited to cloud services alone, internet providers flourished spurred by the advent of 5G technology. Through the end of 2024, sector revenue will expand at a CAGR of 2.7% to reach $2.4 trillion, including a boost of 1.9% in 2024. Although consumer demand for media is generally steady and the Information sector has expanded consistently, revenue flows within the sector are uneven and determined by technology trends. Substantial expansion through the end of 2024 has stemmed from a proliferation of new consumer devices. However, most of the expansion has been concentrated on online publishing and data processing at the expense of more traditional information subsectors. For example, new digital channels have detracted from print advertising expenditure, which has dipped during the current period and curtailed print publishing. An expansion in mobile devices and the emergence of online streaming services have made consumers less reliant on more traditional communication services like wired voice, broadband internet and cable TV. Looking ahead, the information sector is poised for sustained growth over the next five years, fueled by rising consumer spending and private investment. As the economy recovers and interest rates stabilize, disposable incomes are poised to climb, allowing households to avail themselves of more digital subscriptions and services. The rollout of 5G will further augment mobile internet usage, potentially challenging wired broadband alternatives. Traditional media companies will continue to pivot to online platforms and streaming services, aiming to retain and expand their audience. Through the end of 2029, the Information sector revenue will strengthen at a CAGR of 2.2% to reach $2.7 trillion.

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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.

The size of the US Industrial Gas Industry was valued at USD 363.72 Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.79% during the forecast period. The US industrial gas sector provides various industries with important gases like oxygen, nitrogen, hydrogen, and carbon dioxide. It is characterized by high purity, reliable supply, and advanced storage solutions. The applications span from health, where medical oxygen is used; in manufacturing, where it is applied for welding and cutting; food and beverages, where it is used for carbonation; to electronics for the production of semiconductors. The industry makes available compressed, liquefied, and cryogenic gases. Technological development is geared toward sustainable production and efficient distribution. In general, its impact involves increased efficiency in manufacturing, improvements in healthcare, and support for innovation. Versatility, reliability, and the support extended to critical processes are some of the advantages brought by it, thereby making the role of industrial gases critical to the US economy. Recent developments include: January 2023: Iwatani Corporation of America, a wholly-owned subsidiary of Iwatani Corporation, announced the acquisition of Aspen Air US, LLC, a leading manufacturer and distributor of bulk liquid industrial gases. This acquisition marks Iwatani's entrance into the United States Industrial Gases sector and highlights the company's expansion focus in this business segment., May 2022: Air Liquide established its largest liquid hydrogen production and logistics infrastructure complex in North Las Vegas, Nevada, to cater to the growing hydrogen mobility industry. With a USD 250 million investment, the plant has the capacity to manufacture 30 tons of liquid hydrogen per day, some of which is sourced from renewable natural gas produced using Air Liquide's advanced separation membrane technology, including landfill-sourced renewable natural gas.. Key drivers for this market are: Increasing Demand from the Healthcare Sector, Increasing Demand for Frozen and Stored Food; Growing Need for Alternate Energy Sources. Potential restraints include: Environmental Regulations and Safety Issues, Other Restraints. Notable trends are: Resilient Demand from the Healthcare Industry.

With one of the best tax climates in the nation as well as a strong workforce and solid infrastructure, Texas remains a top destination for manufacturers across multiple industries, from the oil industry to the auto sector, biotech to food processing. Home to 1.2 million workers or roughly 13% of the nation's manufacturing workforce, Texas remains the second-largest manufacturing state in the U.S. (after California) and is the largest state exporter, exporting a record $315 billion worth of goods in 2018. For those looking do business with Texas manufacturers, it helps to have an in-depth understanding of the state's manufacturing climate.

Market capitalization of listed domestic companies (% of GDP) in United States was reported at 213 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Market capitalization of listed companies (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The Company Research Services industry is composed of businesses that conduct research on management teams, strategic developments and the financial operations of companies in the private and public sectors. Company research services are predominantly catered toward financial institutions, such as asset managers, bankers, equity traders and sales departments. As a result, demand for company research services is tied to corporate profit and research budget levels. For much of the past five years, growth in both corporate profit and the number of businesses in the United States have fueled industry growth. Uncertainty in financial markets can also drive new demand for research services, as companies seek out additional information before making investments in the business environment. Consequently, industry revenue is projected to expand at a CAGR of 2.2% to $2.1 billion over the five years to 2023. Meanwhile, as corporate profit has increased, industry companies have been able to increase prices, supporting their own profit growth.While the past five years have overall been positive for the Company Research Services industry, industry operations were briefly disrupted in 2020 when the COVID-19 pandemic halted the US economy. Stringent safety restrictions and massive uncertainty caused corporate profit to fall, as many companies had to limit capital expenditures to avoid bankruptcy. Uncertainty fell as the pandemic passed in 2021, leading to higher spending from downstream markets. After a bumpy 2022 due to economic uncertainty, growth is expected to resume in 2023, with revenue expected to rise an estimated 3.1% in the year.The industry is expected to see continued strength over the five years to 2028. The industry is expected to benefit from growing demand from the finance and insurance industries, which account for the largest share of revenue. In particular, heightened regulation regarding risk management will prompt companies to invest in company research that will better inform decisions. Marketing services are also expected to expand over the five years to 2028 as companies develop tools to help corporate sales teams expand operations. Overall, industry revenue is expected to rise at an annualized rate of 1.8% to $2.3 billion over the five years to 2028.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Industry, Maine, 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 20,194, while the mean income for the highest quintile (20% of households with the highest income) is 176,380. 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 274,320, which is 155.53% higher compared to the highest quintile, and 1358.42% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 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 2022 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 Industry town median household income. You can refer the same here

..Table Name.Manufacturing: Subject Series: Concentration Ratios: Share of Value of Shipments Accounted for by the 4, 8, 20, and 50 Largest Companies for Industries: 2012....ReleaseSchedule.Data are scheduled to be released in August 2015.....Universe.The universe includes all manufacturing establishments classified in sectors 31-33 with one or more paid employee at any time during the year.....GeographyCoverage.Data are shown at the U.S. level.....IndustryCoverage.Data are shown at the three- through six-digit North American Industry Classification System (NAICS) levels.....Data ItemsandOtherIdentifyingRecords.This file contains data on:... Number of companies.Total value of shipments and receipts for services ($1,000).Percent of total value of shipments and receipts for services (%).Percent of value of shipments and receipts for services by the Herfindahl-Hirschman index for the 50 largest companies (%)..Data are also identified by company size......Sort Order.Data are presented in ascending NAICS code sequence.....Related Data Files.Data supersede those released in the Industry Series and Geographic Area Series files...FTP Download.Download the entire table at https://www2.census.gov/econ2012/EC/sector31/EC1231SR2.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..Data based on the 2012 Economic Census. For information on confidentiality protection, sampling error, nonsampling error, and definitions, see Methodology. Data in this file represent those available when this file was created; data may not be available for all NAICS industries or geographies. Data in this table may be subject to employment- and/or sales-size minimums that vary by industry..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.

The United States Manufacturing sector has enjoyed revenue growth over the past five years. A diversified demand across various downstream markets contributed to this performance, with the automotive, electronics and consumer goods industries playing pivotal roles. Technological advancements, particularly in production automation, have significantly enhanced efficiency. The introduction of automated assembly lines and robotics has reduced labor costs and minimized human error. Additive manufacturing, or 3D printing, has enabled rapid prototyping and customization, catering to specific consumer needs. Lean manufacturing techniques have streamlined operations, cutting waste and improving product quality. The sector maintained positive revenue trajectories despite fluctuating commodity prices and increasing regulatory pressures. Global supply chains supported this expansion, with continued importance placed on logistics optimization. The impact of trade agreements like the United States-Mexico-Canada Agreement (USMCA), established in 2020, has also been a critical factor. Innovations like predictive maintenance and leveraging data analytics to foresee equipment failures have optimized operational performance and downtime. These developments have allowed manufacturers to adapt quickly to changing market demands. Over the past five years, the manufacturing sector has faced profit challenges despite revenue expansion, mainly because of rising purchase costs. Higher crude oil prices directly impacted raw material costs and logistics expenses. In response, companies increasingly adopted energy-efficient technologies, such as connected device networks, to control utility costs. Advanced materials like composites and lightweight alloys provided cost-effective alternatives for component manufacturing. One significant regulatory change, the 2018 Tariffs on Steel and Aluminum, increased material costs, prompting companies to seek alternative sourcing strategies. Companies focused on supply chain optimization, employing analytics for precise demand forecasting and inventory management, reducing excess costs. Investments in process automation aimed to minimize manual intervention and enhance throughput rates. The deployment of just-in-time production reduced inventory holding costs, aligning production schedules closely with demand fluctuations. Although consumer demand supported sales volumes, pricing pressures persisted amid competitive market dynamics. To address sustainability mandates, manufacturing processes integrated circular economy principles such as recycling and reuse, aligning cost savings with compliance. Technological advancements like cloud-based ERP systems improved planning and resource allocation, directly impacting financial performance. Manufacturing sector revenue has been expanding at a CAGR of 1.8% over the past five years and is expected to total $6,941.2 billion in 2025, when revenue will fall by an estimated 4.1%. The sector's revenue will exhibit moderate growth over the next five years. Innovation and technology will be crucial drivers, especially with the increased adoption of artificial intelligence and connected device ecosystems in manufacturing operations. Automation and robotics will enhance production efficiency and flexibility, addressing the complexities of modern consumer demands. Continuous developments in machine learning will improve process optimization and quality control standards. Digitalization and smart factory initiatives will transform traditional workflows, driving productivity gains through real-time data insights and transparent operations. Exploration of augmented reality tools will aid in maintenance and training processes, reducing downtime and error rates. Companies will diversify revenue streams by adopting mass customization strategies that appeal to dynamic consumer preferences. Despite these advancements, profit will remain under pressure from continued volatility in raw material costs tied to geopolitical shifts. Environmental regulations like the 2020 Clean Air Act Provisions will continue to push companies toward low-emission technologies. Global trade dynamics, including tariffs and changing consumer expectations, will influence strategic decisions and market positioning. Downstream market performance will continue to impact production planning and inventory management, emphasizing agility and responsiveness. Manufacturing sector revenue is expected to inch upward at a CAGR of 0.4% to $7,086.7 billion over the five years to 2030.

Home to 22,000 manufacturers and more than a million industrial workers, California is the largest manufacturing state in the U.S. The state's abundance of skilled labor and access to capital has drawn some key innovative enterprises to its borders, particularly in the aerospace and electronics industries. Today, we're focusing on the latest trends in California manufacturing, including the state's top industries and cities, and we'll also explore its ten largest manufacturing companies.