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.
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Graph and download economic data for Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for United States (USPCEHCE) from 1997 to 2023 about PCE, expenditures, consumption expenditures, consumption, personal, households, services, and USA.
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.
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Graph and download economic data for Real Personal Consumption Expenditures: Services: Household Consumption Expenditures (for Services): Other Services (DOTSRL1Q225SBEA) from Q2 1959 to Q1 2025 about PCE, consumption expenditures, consumption, personal, households, services, real, GDP, rate, and USA.
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United States US: GDP: Growth: Gross Value Added: Services data was reported at 2.621 % in 2015. This records an increase from the previous number of 2.221 % for 2014. United States US: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 2.335 % from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 4.456 % in 1999 and a record low of -1.772 % in 2009. United States US: GDP: Growth: Gross Value Added: Services 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: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.
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Graph and download economic data for Personal consumption expenditures: Pets, pet products, and related services (DPETRC1A027NBEA) from 1929 to 2023 about pets, PCE, consumption expenditures, consumption, personal, services, GDP, and USA.
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Graph and download economic data for Corporate profits before tax: Domestic industries: Transportation services (B3044C0A144NBEA) from 1987 to 2000 about corporate profits, tax, transportation, domestic, corporate, services, industry, GDP, and USA.
In 2023, the business services industry in the United States spent approximately 21.4 billion U.S. dollars on advertising, up from 17.41 billion dollars a year earlier. That represents an annual increase of nearly 23 percent.
Market analyses show that the digital advertising expenditures of the financial services industry in the United States reached 21 billion U.S dollars in 2020. This figure is forecast to further grow to 30.75 billion dollars by the end of 2023.
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.
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Web design service companies have experienced significant growth over the past few years, driven by the expanding use of the Internet. As online operations have become more widespread, businesses and consumers have increasingly recognized the importance of maintaining an online presence, leading to robust demand for web design services and boosting the industry’s profit. The rise in broadband connections and online business activities further spotlight this trend, making web design a vital component of modern commerce and communication. This solid foundation suggests the industry has been thriving despite facing some economic turbulence related to global events and shifting financial climates. Over the past few years, web design companies have navigated a dynamic landscape marked by both opportunities and challenges. Strong economic conditions have typically favored the industry, with rising disposable incomes and low unemployment rates encouraging both consumers and businesses to invest in professional web design. Despite this, the sector also faced hurdles such as high inflation, which made cost increases necessary and pushed some customers towards cheaper substitutes such as website templates and in-house production, causing a slump in revenue in 2022. Despite these obstacles, the industry has demonstrated resilience against rising interest rates and economic uncertainties by focusing on enhancing user experience and accessibility. Overall, revenue for web design service companies is anticipated to rise at a CAGR of 2.2% during the current period, reaching $43.5 billion in 2024. This includes a 2.2% jump in revenue in that year. Looking ahead, web design companies will continue to do well, as the strong performance of the US economy will likely support ongoing demand for web design services, bolstered by higher consumer spending and increased corporate profit. On top of this, government investment, especially at the state and local levels, will provide further revenue streams as public agencies seek to upgrade their web presence. Innovation remains key, with a particular emphasis on designing for mobile devices as more activities shift to on-the-go platforms. Companies that can effectively adapt to these trends and invest in new technologies will likely capture a significant market share, fostering an environment where entry remains feasible yet competitive. Overall, revenue for web design service providers is forecast to swell at a CAGR of 1.9% during the outlook period, reaching $47.7 billion in 2029.
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PPI: Svcs: Info: PI: NB: PP: PS: PA: General & Consumer data was reported at 648.524 Dec1979=100 in Dec 2022. This stayed constant from the previous number of 648.524 Dec1979=100 for Nov 2022. PPI: Svcs: Info: PI: NB: PP: PS: PA: General & Consumer data is updated monthly, averaging 413.300 Dec1979=100 from Dec 1979 (Median) to Dec 2022, with 517 observations. The data reached an all-time high of 677.500 Dec1979=100 in Sep 2018 and a record low of 100.000 Dec1979=100 in Dec 1979. PPI: Svcs: Info: PI: NB: PP: PS: PA: General & Consumer 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: Services: Information.
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This filtered view presents Real Gross Domestic Product for the accommodation and food services sector and its subsectors in the State of Iowa by year beginning in 1997.
Gross domestic product (GDP) is the measure of the market value of all final goods and services produced within Iowa in a particular period of time. In concept, an industry's GDP by state, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). The Iowa GDP a state counterpart to the Nation's GDP, the Bureau's featured and most comprehensive measure of U.S. economic activity. Iowa GDP differs from national GDP for the following reasons: Iowa GDP excludes and national GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and Iowa GDP and national GDP have different revision schedules. GDP is reported in millions of current dollars.
Real GDP is an inflation-adjusted measure of Iowa's gross product that is based on national prices for the goods and services produced within Iowa. The real estimates of gross domestic product (GDP) are measured in millions of chained dollars, but have been multiplied by 1,000,000 to display in dollars for visualization purposes. Values are only accurate to the nearest $100,000.
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The Educational Services sector comprises 13 subsectors of the US economy, ranging from public schools to testing and educational support services. Primary, secondary and postsecondary schools alone generate 92.0% of the sector's revenue. Most of these institutions rely entirely on government funding, and nearly three-quarters of the educational services revenue comes from public schools and public universities. Accordingly, strong federal, state and local support for all levels of education has driven revenue upward over the past five years. Expanding discretionary budgets made private schools and higher education more affordable for students and parents, but the Trump administration's changing policies have brought new complications. Still, substantial funding and skyrocketing investment returns for private nonprofit universities have elevated revenue. Revenue has climbed at a CAGR of 4.6% to an estimated $2.7 trillion through the end of 2025, when revenue will rise by 1.1%. Solid state and local government funding for education has helped support the sector's success despite fluctuating enrollment. Faltering birth rates are leading to lower headcounts in K-12 schools, and ballooning student debt has made many would-be college students skeptical of the return on investment of an expensive degree. While student loan forgiveness efforts slowed a decline in the number of college students, the new presidential administration's end to these efforts has begun to exacerbate price-based and quality-based competition among higher education institutions. President Trump's scrutiny of course curricula has made public funds harder to acquire for schools, and the administration's efforts to close the Department of Education have begun to deter would-be students from attending college. Trends in the domestic economy are set to move in the Educational Services sector's favor over the next five years as prospective students become better able to pay for rising tuition rates and premium education options. Government funding for primary, secondary and postsecondary institutions will continue to escalate through the next period, though lackluster enrollment will temper revenue growth. Public schools, which account for over half the sector's revenue, will continue to post losses and drag down the average profit for educational services. New school choice initiatives, including Texas's new, largest-ever voucher program, will make private schools more affordable for parents. However, heightened oversight and continued efforts to close the Department of Education will remain a significant pain point for many educational services. Overall, revenue is set to climb at a CAGR of 0.8% to $2.8 trillion through the end of 2030.
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United States US: BOP: Current Account: Exports: Service: Travel: % of Service Exports data was reported at 26.086 % in 2017. This records a decrease from the previous number of 27.372 % for 2016. United States US: BOP: Current Account: Exports: Service: Travel: % of Service Exports data is updated yearly, averaging 26.833 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 36.488 % in 1993 and a record low of 19.451 % in 1974. United States US: BOP: Current Account: Exports: Service: Travel: % of Service Exports 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: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
In 2024, the output of the business services franchise industry reached 105 billion U.S. dollars. The economic output of the business services franchise industry in the United States increased by approximately 30 percent between 2013 and 2019, reaching 106 billion U.S. dollars. In 2020, however, the sector suffered due to the COVID-19 and the output it generated fell to 91.3 billion U.S. dollars.
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Graph and download economic data for Personal consumption expenditures: Services: Health care (DHLCRC1Q027SBEA) from Q1 1959 to Q1 2025 about health, PCE, consumption expenditures, consumption, personal, services, GDP, and USA.
In 2023, the educational services industry in the United States spent over 1.5 billion U.S. dollars on advertising, up from 1.39 billion dollars a year earlier. That represents an annual increase of roughly eight percent.
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PPI: Svcs: Info: PI: NB: BP: PS: Digital Book Publishing (DB) data was reported at 112.025 Sep2015=100 in Dec 2022. This records an increase from the previous number of 110.102 Sep2015=100 for Nov 2022. PPI: Svcs: Info: PI: NB: BP: PS: Digital Book Publishing (DB) data is updated monthly, averaging 105.200 Sep2015=100 from Sep 2015 (Median) to Dec 2022, with 88 observations. The data reached an all-time high of 112.025 Sep2015=100 in Dec 2022 and a record low of 100.000 Sep2015=100 in Sep 2015. PPI: Svcs: Info: PI: NB: BP: PS: Digital Book Publishing (DB) 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.I102: Producer Price Index: by Industry: Services: Information.
Spending on outside legal counsel is the largest segment of the U.S. legal services industry, totaling 71.2 billion U.S. dollars in 2021. This figure has been steadily growing since 2015, and is expected to reach 76.2 billion U.S. dollars in 2021. These values only include spending on legal services by companies with over one billion U.S. dollars in revenue. The legal services industry Globally, the legal services industry was worth 849 billion U.S. dollars in 2017 and is expected to become a trillion dollar industry by 2021. Once all spending on legal services is included, the U.S accounts for almost half of the global legal services market, making it by far the largest market in the world. Big Law in the U.S. market One of the reasons why the U.S. has a disproportionately large legal services market, relative to the population and economy of other actors such as Europe and China, is the connection many of the global Big Law firms have with the United States. Of the largest law firms in the world in 2018, only three were not founded in the United States (Dentons, Clifford Chance and Allen & Overy). These large global firms generally base the highest portion of their workforce in the U.S. and often run any large multinational projects from their U.S. office.
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.