Among the service sector in the United States, the real estate, rental and leasing industry added the most value to the GDP in 2023. In that year, this industry added 3.67 trillion U.S. dollars to the national GDP. 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 cannot be used to calculate the standard of living. The annual GDP of the United States since 1990 can be accessed here.
In October 2024, the value of the Service Purchasing Managers' Index in the United States stood at 56. An indicator of the economic health of the service sector, the Services Purchasing Managers' Index is based on four major indicators: business activity, new orders, employment, and supplier deliveries. An index value above 50 percent indicates a positive development in the service sector, whereas a value below 50 percent indicates a negative situation. Purchasing Managers' Index The Purchasing Manager's Index is a strong indicator of an economic sector's health. The PMI is based on a survey that is sent to more than 400 companies in 19 primary industries, which are weighted by their overall contribution to the nation's GDP. The industries are organized into economic sectors to construct a PMI relevant to each sector, such as construction being in the manufacturing sector. In 2021, the construction industry added 958.8 billion U.S. dollars to the Gross Domestic Product (GDP) of the United States. A high contribution to the GDP by an industry generally helps increase the value of the sector's PMI. As of April 2024, the manufacturing PMI indicated a negative situation at 49.2. The Service Sector The service sector, or tertiary sector, is the section of the economy that deals with the production of services rather than the production of goods or extraction of materials. Within the service sector are many industries such as banking and financial services, construction, education, transportation, hospitality, communication, real estate, information technology, legal services, and more. Unlike the Manufacturing PMI, the Service PMI is based on only four major indicators: business activity, new orders, employment, and supplier deliveries. As a sector that largely relies on human interaction, the service sector was particularly affected by the 2020 COVID-19 pandemic. However, the Services Employment Index, which shows the employment indicator of the Service PMI, was trending upwards over the summer months of 2022. As of March 2023 the SEI decreased to 51.3.
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 Gross Output by Industry: Professional and Business Services (GOPBS) from Q1 2005 to Q1 2025 about output, professional, gross, private industries, business, services, private, industry, and USA.
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Graph and download economic data for Value Added by Industry: Professional and Business Services as a Percentage of GDP (VAPGDPPBS) from Q1 2005 to Q4 2024 about value added, professional, private industries, business, percent, services, private, industry, GDP, and USA.
In 2023, private service-producing industries added a value of ***** trillion U.S. dollars to the gross domestic product of the United States. This was an increase from the previous year, when the added value was ***** trillion U.S. dollars.
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United States Texas Service Sector Outlook: Input Prices data was reported at 38.500 % in Jun 2018. This records a decrease from the previous number of 42.700 % for May 2018. United States Texas Service Sector Outlook: Input Prices data is updated monthly, averaging 24.950 % from Jan 2007 (Median) to Jun 2018, with 138 observations. The data reached an all-time high of 52.300 % in Jun 2008 and a record low of -1.500 % in Dec 2008. United States Texas Service Sector Outlook: Input Prices data remains active status in CEIC and is reported by Federal Reserve Bank of Dallas. The data is categorized under Global Database’s USA – Table US.S015: Texas Service Sector Outlook Survey.
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United States Texas Service Sector Outlook: Future Employment data was reported at 28.200 % in Nov 2018. This records a decrease from the previous number of 31.900 % for Oct 2018. United States Texas Service Sector Outlook: Future Employment data is updated monthly, averaging 24.200 % from Jan 2007 (Median) to Nov 2018, with 143 observations. The data reached an all-time high of 43.700 % in Mar 2007 and a record low of -18.200 % in Nov 2008. United States Texas Service Sector Outlook: Future Employment data remains active status in CEIC and is reported by Federal Reserve Bank of Dallas. The data is categorized under Global Database’s United States – Table US.S016: Texas Service Sector Outlook Survey.
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Employment in services (% of total employment) (modeled ILO estimate) in United States was reported at 79.09 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Employment in services (% of total employment) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
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Graph and download economic data for Value Added by Industry: Private Services-Producing Industries as a Percentage of GDP (VAPGDPSPI) from Q1 2005 to Q1 2025 about value added, percent, services, private, industry, GDP, and USA.
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United States Texas Service Sector Outlook: Future Revenue data was reported at 42.200 % in Jun 2018. This records a decrease from the previous number of 50.700 % for May 2018. United States Texas Service Sector Outlook: Future Revenue data is updated monthly, averaging 37.950 % from Jan 2007 (Median) to Jun 2018, with 138 observations. The data reached an all-time high of 64.900 % in Mar 2007 and a record low of -8.800 % in Dec 2008. United States Texas Service Sector Outlook: Future Revenue data remains active status in CEIC and is reported by Federal Reserve Bank of Dallas. The data is categorized under Global Database’s USA – Table US.S015: Texas Service Sector Outlook Survey.
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Graph and download economic data for All Employees, Service-Providing (SRVPRD) from Jan 1939 to May 2025 about establishment survey, employment, industry, and USA.
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United States Texas Service Sector Outlook: Company Outlook data was reported at 7.100 % in Nov 2018. This records a decrease from the previous number of 8.100 % for Oct 2018. United States Texas Service Sector Outlook: Company Outlook data is updated monthly, averaging 7.100 % from Jan 2007 (Median) to Nov 2018, with 143 observations. The data reached an all-time high of 29.400 % in Mar 2007 and a record low of -41.100 % in Nov 2008. United States Texas Service Sector Outlook: Company Outlook data remains active status in CEIC and is reported by Federal Reserve Bank of Dallas. The data is categorized under Global Database’s United States – Table US.S016: Texas Service Sector Outlook Survey.
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The US Home Service Market report segments the industry into Maintenance & Repairs (Plumbing Services, Electrical Repairs, Appliance Repairs, Other Home Services), Home Improvement (Renovations & Remodeling, Carpentry & Woodworking, Painting & Wall Treatments, Other Home Improvement), and Distribution Channel (Traditional Service Providers, Online Platforms). Get five years of historical data with five-year forecasts.
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Graph and download economic data for Producer Price Index by Industry: Book Retailers and News Dealers: Primary Services (PCU451211451211P) from Jun 2000 to May 2025 about book, primary, services, PPI, industry, inflation, price index, indexes, price, and USA.
In May 2025, the value of the Services Employment Index in the United States reached ****. An index value above ** percent indicates a positive development in the service sector employment, whereas a value below ** percent indicates a negative situation.
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Graph and download economic data for Employment for Manufacturing: Commercial and Service Industry Machinery (NAICS 33331) in the United States (IPUEN33331W200000000) from 1987 to 2024 about machinery, NAICS, IP, commercial, services, manufacturing, employment, industry, and USA.
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United States Texas Service Sector Outlook: Future Company Outlook data was reported at 10.200 % in Nov 2018. This records a decrease from the previous number of 18.300 % for Oct 2018. United States Texas Service Sector Outlook: Future Company Outlook data is updated monthly, averaging 18.600 % from Jan 2007 (Median) to Nov 2018, with 143 observations. The data reached an all-time high of 41.600 % in Dec 2016 and a record low of -27.900 % in Nov 2008. United States Texas Service Sector Outlook: Future Company Outlook data remains active status in CEIC and is reported by Federal Reserve Bank of Dallas. The data is categorized under Global Database’s United States – Table US.S016: Texas Service Sector Outlook Survey.
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United States PPI: Svcs: CM: PS: Commercial & Service Industry Machinery data was reported at 167.665 Dec2013=100 in Apr 2025. This stayed constant from the previous number of 167.665 Dec2013=100 for Mar 2025. United States PPI: Svcs: CM: PS: Commercial & Service Industry Machinery data is updated monthly, averaging 115.100 Dec2013=100 from Dec 2013 (Median) to Apr 2025, with 137 observations. The data reached an all-time high of 167.665 Dec2013=100 in Apr 2025 and a record low of 100.000 Dec2013=100 in Dec 2013. United States PPI: Svcs: CM: PS: Commercial & Service Industry Machinery 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: Arts, Entertainment and Recreation.
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United States Texas Service Sector Outlook: Capital Expenditure data was reported at 11.300 % in Nov 2018. This records a decrease from the previous number of 12.600 % for Oct 2018. United States Texas Service Sector Outlook: Capital Expenditure data is updated monthly, averaging 11.300 % from Jan 2007 (Median) to Nov 2018, with 143 observations. The data reached an all-time high of 26.400 % in May 2007 and a record low of -16.200 % in Nov 2008. United States Texas Service Sector Outlook: Capital Expenditure data remains active status in CEIC and is reported by Federal Reserve Bank of Dallas. The data is categorized under Global Database’s United States – Table US.S016: Texas Service Sector Outlook Survey.
Among the service sector in the United States, the real estate, rental and leasing industry added the most value to the GDP in 2023. In that year, this industry added 3.67 trillion U.S. dollars to the national GDP. 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 cannot be used to calculate the standard of living. The annual GDP of the United States since 1990 can be accessed here.