Between 2019 and 2023, oil and gas explorers and producers logged the highest total revenue worldwide, reaching 5.3 trillion U.S. dollars. Life and health insurance carriers followed behind.
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 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.
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.
By the year 2033, it is projected that the number of employees working in services for the elderly and persons with disabilities around 613,700 employees. Additionally, the computer systems design and related services workforce is expected to grow by around 487,600 workers.
In the wake of COVID-19 and associated lockdowns, businesses in the finance and insurance industry saw a 14 percent increase in revenues when comparing the revenues generated between April 2020 to March 2021 with revenues generated between April 2019 to March 2020. Industries that saw the greatest loss in revenue during this time period can be found here.
This statistic shows illustrates customers' experiences with services of different industries in the United States. Customers were asked to rank each industry on how well they serve, in 2012 and 2013. Out of eight industries, the healthcare sector and hospitals were ranked only fifth in 2012, and sixth in 2013.
In 2023, the GDP of Rhode Island totaled around 63.28 billion U.S. dollars. The finance, insurance, real estate, rental, and leasing industry added the most real value to the gross domestic product (GDP) of the state, amounting to around 15.24 billion U.S. dollars. Comparatively, the manufacturing industry contributed around 4.57 billion U.S. dollars to the state's real GDP.
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 three most concentrated industries in the U.S. as of 2017, in terms of the market share controlled by the top four firms in the industry, were information services, transportation and warehousing, and the utilities sector. Despite fears of growing market concentration in the U.S., none of these industries have a market share for their top four firms of greater than 30 percent. Industries which benefit from economies of scale and network effects tend to be the most concentrated in terms of market share, while industries which are more localized such as construction or accommodation and food services come towards the bottom of the list.
By the year 2033, the number of employees working in local elementary and secondary schools will have declined by about 107,000. General merchandise retailers are also expected to see a steep employment decline, losing around 89,000 jobs.
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 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.
As of 2024, almost more than one in ten unicorns in the United States were SaaS (software as a service) companies. Fintech was second in the ranking of business sectors with the most unicorns, accounting for 11 percent of the total. AI unicorns also made it to the top three, with nine percent of all unicorns in the U.S. being AI 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.
At about 20 billion U.S. dollars, Nucor Corp. was the U.S.-based industrial metals company with the highest revenue. Between 2019 and 2020, revenue decreased by close to 11 percent for the producer of steel and steel products, in part due to a decrease in demand due to the economic downturn of 2020. The pandemic causes uncertain times It was expected that the U.S. metals industry would find itself in a favorable climate when President Trump took office, and steel companies in particular were anticipated to see significant growth in the short to medium term. Instead, the market contracted due to the Covid-19 pandemic and its economic impact. 2022 projections are however optimistic for crude steel production, and predict a widespread vaccination campaign might contribute to a revivification of steel demand. Long-term outcomes for Section 232 are still unknown The long-term outcome of Section 232 tariffs is still uncertain. Most of the global aluminum consumption comes from Asia, particularly the Chinese market. Since the commodity is used in several important industries, it is susceptible to any change in the volatile Chinese economy. This might be one of the reasons why average aluminum prices dropped 14.9 percent between 2018 and 2019. Although there has been strong confidence in the future U.S. steel industry, Sino-American trade tensions are not over. On top of that, the recent rollback of tariffs against U.S. steel imports from Turkey are probably not the last move in uncertain times.
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.
The gross domestic product (GDP) of North Carolina in 2023 was around 638 billion U.S. dollars. In the same year, the construction industry added around 25.6 billion chained 2017 U.S. dollars of value to the state GDP.
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.
In 2023, the GDP of Vermont totaled around 35.24 billion U.S. dollars. The finance, insurance, real estate, rental, and leasing industry added the most real value to the gross domestic product (GDP) of the state, amounting to around 6.58 billion U.S. dollars. Comparatively, the construction industry contributed around 1.06 billion U.S. dollars in value to the state's real GDP.
Between 2019 and 2023, oil and gas explorers and producers logged the highest total revenue worldwide, reaching 5.3 trillion U.S. dollars. Life and health insurance carriers followed behind.