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 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.

United States GDP: PI: Manufacturing: DG: Primary Metal Industries data was reported at 55.225 USD bn in 1997. This records an increase from the previous number of 52.553 USD bn for 1996. United States GDP: PI: Manufacturing: DG: Primary Metal Industries data is updated yearly, averaging 21.342 USD bn from Dec 1947 (Median) to 1997, with 51 observations. The data reached an all-time high of 55.225 USD bn in 1997 and a record low of 5.584 USD bn in 1947. United States GDP: PI: Manufacturing: DG: Primary Metal Industries data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A207: NIPA 1995: GDP by Industry: Current Price.

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.

Graph and download economic data for Employment for Manufacturing: Primary Metal Manufacturing (NAICS 331) in the United States (IPUEN331W201000000) from 1988 to 2024 about primary metals, primary, NAICS, metals, IP, manufacturing, employment, and USA.

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.

The size of the US Data Center Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.00% during the forecast period.A data center is a facility that keeps computer systems and networking equipment housed, processing, and transmitting data. It represents the infrastructure on which organizations carry out their IT operations and host websites, email servers, and database servers. Data centers, therefore, are imperative to any size business: small start-ups or large enterprise since they enable digital transformation, thus making business applications available.The US data center industry is one of the largest and most developed in the world. The country boasts robust digital infrastructure, abundant energy resources, and a highly skilled workforce, making it an attractive destination for data center operators. Some of the drivers of the US data center market are the growing trend of cloud computing, internet of things (IoT), and high-performance computing requirements.Top-of-the-line technology companies along with cloud service providers set up major data center footprints in the US, mostly in key regions such as Silicon Valley and Northern Virginia, Dallas, for example. These data centers support applications such as e-commerce-a manner of accessing streaming services-whose development depends on its artificial intelligence financial service type. As demand increases concerning data center capacity, therefore, the US data centre industry will continue to prosper as the world's hub for reliable and scalable solutions. Recent developments include: February 2023: The expansion of Souther Telecom to its data center in Atlanta, Georgia, at 345 Courtland Street, was announced by H5 Data Centers, a colocation and wholesale data center operator. One of the top communication service providers in the southeast is Southern Telecom. Customers in Alabama, Georgia, Florida, and Mississippi will receive better service due to the expansion of this low-latency fiber optic network.December 2022: DigitalBridge Group, Inc. and IFM Investors announced completing their previously announced transaction in which funds affiliated with the investment management platform of DigitalBridge and an affiliate of IFM Investors acquired all outstanding common shares of Switch, Inc. for USD approximately USD 11 billion, including the repayment of outstanding debt.October 2022: Three additional data centers in Charlotte, Nashville, and Louisville have been made available to Flexential's cloud customers, according to the supplier of data center colocation, cloud computing, and connectivity. By the end of the year, clients will have access to more than 220MW of hybrid IT capacity spread across 40 data centers in 19 markets, which is well aligned with Flexential's 2022 ambition to add 33MW of new, sustainable data center development projects.. Key drivers for this market are: , High Mobile penetration, Low Tariff, and Mature Regulatory Authority; Successful Privatization and Liberalization Initiatives. Potential restraints include: , Difficulties in Customization According to Business Needs. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

PPI: Mfg: FA: AS: OA: MD: PP: Metal Windows data was reported at 411.879 Jun1983=100 in Apr 2025. This records an increase from the previous number of 411.112 Jun1983=100 for Mar 2025. PPI: Mfg: FA: AS: OA: MD: PP: Metal Windows data is updated monthly, averaging 146.100 Jun1983=100 from Jan 1972 (Median) to Apr 2025, with 610 observations. The data reached an all-time high of 411.879 Jun1983=100 in Apr 2025 and a record low of 37.700 Jun1983=100 in Mar 1973. PPI: Mfg: FA: AS: OA: MD: PP: Metal Windows 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.I: Producer Price Index: by Industry: Manufacturing: Primary and Fabricated Metal Products.

The main stock market index of United States, the US500, rose to 6211 points on July 1, 2025, gaining 0.10% from the previous session. Over the past month, the index has climbed 4.64% and is up 12.75% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from United States. United States Stock Market Index - values, historical data, forecasts and news - updated on July of 2025.

A volatile housing market has shaped the performance of major appliance manufacturers. In 2020 and 2021, the residential sector experienced a boom because of near-zero interest rates and growing disposable income. These factors boosted the value of residential construction and housing starts, generating significant demand for new appliances. During this time, manufacturers also benefited from steel prices jumping 110.5% in 2021, driving appliance costs upward and boosting revenue. These gains were quickly reversed as growing inflationary pressures and interest rate hikes beginning in 2022 began reversing the growth of the residential sector amid consumers becoming increasingly price-sensitive and slowing discretionary spending. Steel prices also began to stabilize at this time, pushing producers to charge slower prices, slowing revenue and squeezing profit. Between 2020 and 2025, revenue is estimated to have dropped an annualized 1.1%, reaching $24.8 billion in 2025, including a 0.8% dip that year alone. Trade dynamics significantly impact this industry because of significant import penetration, which reached 53.3% in 2025. Import penetration has grown in recent years despite tariff hikes on Chinese washing machines and steel products, as domestic appliances are often more expensive. With consumers becoming increasingly price-sensitive, they have been opting for more affordable imported appliances. The climb in imports from Mexico is notable, with major manufacturers expanding operations in Mexico, benefiting from lower trade and transportation costs. However, consumers have incentives to buy more sustainable appliances through state and local tax benefits, pushing producers to target these markets. Regulatory shifts regarding gas stove safety also drive demand for electric alternatives, requiring manufacturers and retailers to adjust accordingly. Moving forward, domestic producers will benefit from a recovering residential sector and improving macroeconomic conditions. Tax incentives in the Inflation Reduction Act, aimed at promoting the purchase of new ENERGY STAR-certified appliances, are expected to benefit manufacturers. Ongoing investments in production facilities in Mexico will sustain the upward trend of imports from the region. Increasing concerns about the safety of gas stoves may lead to enhanced state regulations, potentially prompting consumers to replace their existing stoves with safer models. Domestic producers face significant uncertainty for the coming years amid unstable trade relationships and a volatile economy. These trends are set to cause revenue to grow at an estimated CAGR of 1.5% to reach $26.8 billion through the end of 2030.

Graph and download economic data for Real Gross Domestic Product: Private Services-Providing Industries in Major County, OK (REALGDPSERV40093) from 2001 to 2023 about Major County, OK; services-providing; OK; private; real; industry; GDP; and USA.

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Industry: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 0 households where the householder is under 25 years old, 18(15.52%) households with a householder aged between 25 and 44 years, 74(63.79%) households with a householder aged between 45 and 64 years, and 24(20.69%) households where the householder is over 65 years old.
• The age group of 65 years and over exhibits the highest median household income, while the largest number of households falls within the 45 to 64 years bracket. This distribution hints at economic disparities within the city of Industry, showcasing varying income levels among different age demographics.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

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 median household income by age. You can refer the same here

Graph and download economic data for All Sectors; Net National Income/Balance of Primary Incomes, Net (IMA), Transactions (ASIPINQ027S) from Q4 1946 to Q1 2025 about IMA, primary, transactions, sector, Net, income, and USA.

United States US: GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 41.166 % in 2015. This stayed constant from the previous number of 41.166 % for 2014. United States US: GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 49.199 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 51.786 % in 1998 and a record low of 38.398 % in 1996. United States US: GDP: % of Manufacturing: Medium and High Tech Industry 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. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;

The U.S. machine tool industry, a vital component of American manufacturing, is projected to maintain steady growth over the forecast period (2025-2033). With a 2025 market size of $12.25 billion and a Compound Annual Growth Rate (CAGR) of 3.38%, the industry is poised for continued expansion, driven by several key factors. Increased automation across various sectors, including automotive, aerospace & defense, and precision engineering, fuels demand for advanced machine tools. The rising adoption of Industry 4.0 technologies, such as CNC machining centers and robotics, further propels market growth. Government initiatives promoting domestic manufacturing and infrastructure development also contribute positively. However, challenges remain. Supply chain disruptions, fluctuating raw material prices, and skilled labor shortages could potentially constrain growth. The segmentation within the industry reflects this dynamism, with Metalworking Machines capturing a significant share, followed by parts and accessories, and services like installation, repair, and maintenance. The automotive and fabrication sectors remain dominant end-users, but growth is also anticipated from aerospace & defense and precision engineering. Companies like TRUMPF, Haas Automation, and Amada continue to hold significant market share, but smaller, specialized firms are also contributing to innovation and technological advancement within specific niches. This competitive landscape ensures ongoing development and refinement of machine tools, adapting to the evolving needs of diverse manufacturing sectors. The industry's trajectory is influenced by the interplay of technological advancements and macroeconomic conditions. While the consistent CAGR suggests a predictable growth pattern, unforeseen events could lead to deviations. For instance, a significant recession or geopolitical instability could negatively impact investment in capital equipment like machine tools. Conversely, increased government investment in infrastructure projects or a major technological breakthrough could accelerate growth beyond current projections. Continuous monitoring of these factors is essential to understand the true dynamism of this critical industry segment. The long-term outlook remains positive, contingent on the successful navigation of these potential headwinds and capitalizing on opportunities presented by technological progress and evolving manufacturing demands. This report provides a detailed analysis of the U.S. machine tool industry, offering invaluable insights for businesses, investors, and policymakers. We delve into market dynamics, growth drivers, challenges, and emerging trends, providing a comprehensive forecast from 2025 to 2033, with a historical overview spanning 2019-2024. The report utilizes a base year of 2025 and covers key market segments including metalworking machines, parts & accessories, and services (installation, repair, and maintenance). We analyze end-user industries such as automotive, aerospace & defense, and precision engineering, factoring in the impact of recent M&A activity and regulatory changes. This report is essential for understanding the complexities and growth potential of this critical sector of the U.S. manufacturing landscape. Recent developments include: July 2022: Peterson Tool Company, Inc. ("PTC"), a leading provider of machine-specific custom insert tooling solutions, had the previously announced finalized acquisition of its assets by Sandvik. Custom carbide form inserts are part of the product line and are used mainly in the general engineering and automotive industries for high-production turning and grooving applications. The operation will be referred to as Walter's GWS Tool division, which is a part of the Sandvik Manufacturing and Machining Solutions business area., June 2022: Doosan Machine Tools has declared that, as of June 2, 2022, it would become DN Solutions and reemerge as a provider of complete manufacturing solutions. Doosan Machine Tools' new moniker, DN Solutions, indicates a fresh beginning following its merger with DN Automotive, which took over as its parent business in January 2022. Together, DN Solutions and DN Automotive can maximize production capacities and find new growth engines which have a synergistic effect.. Notable trends are: Increasing demand for domestic machine tools driving the market.

Graph and download economic data for Chain-Type Quantity Index for Real GDP: Primary Metal Manufacturing (331) in the United States (USPRIMETMANQGSP) from 1997 to 2023 about primary metals, quantity index, primary, metals, GSP, durable goods, private industries, goods, private, manufacturing, industry, GDP, and USA.

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.

Scientific research and development (R&D) facilities have enjoyed significant growth over the past five years as the mix of accelerating medical innovation, new global conflicts and push to advance medical treatments provided a diversified demand niche for the industry. Skyrocketing corporate profit, which boosted 6.3% over the past five years, enabled private companies to massively increase their budgets for R&D. New conflicts in the Middle East and Europe generated a wider range of defense capability needs, causing public sector clients to contract R&D companies at a more rapid pace to advance research on weapons systems and military equipment. A robust push toward sustainability across clients’ product stream further advanced new technological research in facets such as biomedical treatments. In light of these trends and an acceleration of technological adoption, revenue spiked at a CAGR of 4.9% to an estimated $320.9 billion over the past five years, including an anticipated 3.1% boost in 2025 alone. The federal government is the largest and most consistent source of revenue, so changes in federal funding levels greatly affect servicers’ performance. Many R&D sites focus on military tech, so the Trump administration's support for defense spending brought on a surge revenue. While the Biden administration originally pushed for lower defense spending, serious conflicts involving the US's allies, namely Ukraine and Israel, have brought military innovation back to the forefront of budget discussions. Although revenue growth was strong, a rebound in wage expenditures following an inflationary spike has caused a slight slowdown in profit growth. Moving forward, scientific R&D companies will continue benefiting from anticipated growth in corporate profit and sector-wide support for new research projects. While still high at 4.3% as of February 2025, the eventual stabilization in interest rates will encourage new investment. The passing of the Inflation Reduction Act in 2022 will benefit research labs studying alternative fuels and clean energy through tax credits that encourage private investment. New technological advances, such as UAVs and EWs, will provide greater need for technically adept R&D companies that can help strengthen military equipment research and development for the future. Additionally, anticipated growth in overall research & development expenditure across the public and private sectors will provide more funding for R&D initiatives, creating a larger field of opportunity for new researchers. Overall, revenue is expected to boost at a CAGR of 3.2% to an estimated $375.7 billion over the next five years.

Graph and download economic data for Industrial Production: Manufacturing: Durable Goods: Primary Metal (NAICS = 331) (IPG331S) from Jan 1972 to May 2025 about primary metals, primary, metals, IP, durable goods, production, goods, manufacturing, industry, indexes, and USA.

Graph and download economic data for Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for United States (LFEAICTTUSQ647N) from Q1 1967 to Q1 2025 about construction, employment, industry, and USA.