In 2023, the GDP of Alabama amounted to around 245.35 billion U.S. dollars. The finance, insurance, real estate, rental and leasing industry added the most value to the state GDP, bringing in 41.78 billion U.S. dollars. In the same year, the retail trade industry brought in 17.09 billion U.S. dollars in real value to Alabama's state GDP.
Real value added to the gross domestic product of Alabama in the United States in 2023, by industry
(in billion chained 2017 U.S. dollars)
Industry
Real value added in billion chained (2017) U.S. dollars
Finance, insurance, real estate, rental, and leasing
41.78
Manufacturing
40.38
Government and government enterprises
38.63
Professional and business services
28.98
Educational services, health care, and social assistance
20.32
Retail trade
17.09
Wholesale trade
12.89
Construction
9.55
Arts, entertainment, recreation, accommodation, and food services
Chained (2017) dollar series are calculated as the product of the chain-type quantity index and the 2017 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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BEA. (September 27, 2024). Real value added to the gross domestic product of Alabama in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/
BEA. "Real value added to the gross domestic product of Alabama in the United States in 2023, by industry (in billion chained 2017 U.S. dollars)." Chart. September 27, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/
BEA. (2024). Real value added to the gross domestic product of Alabama in the United States in 2023, by industry (in billion chained 2017 U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product of Alabama in The United States in 2023, by Industry (in Billion Chained 2017 U.S. Dollars)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/
BEA, Real value added to the gross domestic product of Alabama in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) Statista, https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/ (last visited December 30, 2024)
Real value added to the gross domestic product of Alabama in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) [Graph], BEA, September 27, 2024. [Online]. Available: https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/
