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.
Service sector value added to the gross domestic product of the United States in 2023, by industry
(in billion U.S. dollars)
According to the source, goods-producing industries consist of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. Services-producing industries consist of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, healthcare, and social assistance; arts, entertainment, recreational, accommodation, and food services; and other services (except public administration).
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BEA. (March 29, 2024). Service sector value added to the gross domestic product of the United States in 2023, by industry (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1233657/us-service-sector-value-added-gdp-industry/
BEA. "Service sector value added to the gross domestic product of the United States in 2023, by industry (in billion U.S. dollars)." Chart. March 29, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1233657/us-service-sector-value-added-gdp-industry/
BEA. (2024). Service sector value added to the gross domestic product of the United States in 2023, by industry (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1233657/us-service-sector-value-added-gdp-industry/
BEA. "Service Sector Value Added to The Gross Domestic Product of The United States in 2023, by Industry (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Mar 2024, https://www.statista.com/statistics/1233657/us-service-sector-value-added-gdp-industry/
BEA, Service sector value added to the gross domestic product of the United States in 2023, by industry (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1233657/us-service-sector-value-added-gdp-industry/ (last visited December 21, 2024)
Service sector value added to the gross domestic product of the United States in 2023, by industry (in billion U.S. dollars) [Graph], BEA, March 29, 2024. [Online]. Available: https://www.statista.com/statistics/1233657/us-service-sector-value-added-gdp-industry/
