In the first quarter of 2024, private service-producing industries added a value of 20.28 trillion U.S. dollars to the Gross Domestic Product (GDP) of the United States. This was an increase from the previous quarter, when the added value was 20.01 trillion U.S. dollars.
Quarterly value added to the Gross Domestic Product (GDP) of the United States by private services-producing industries from Q1 2018 to Q1 2024
(in trillion U.S. dollars)
According to the Bureau of Economic Analysis (BEA), service-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, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
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BEA. (June 27, 2024). Quarterly value added to the Gross Domestic Product (GDP) of the United States by private services-producing industries from Q1 2018 to Q1 2024 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1233986/us-service-producing-industries-quarterly-value-added-gdp/
BEA. "Quarterly value added to the Gross Domestic Product (GDP) of the United States by private services-producing industries from Q1 2018 to Q1 2024 (in trillion U.S. dollars)." Chart. June 27, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1233986/us-service-producing-industries-quarterly-value-added-gdp/
BEA. (2024). Quarterly value added to the Gross Domestic Product (GDP) of the United States by private services-producing industries from Q1 2018 to Q1 2024 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1233986/us-service-producing-industries-quarterly-value-added-gdp/
BEA. "Quarterly Value Added to The Gross Domestic Product (Gdp) of The United States by Private Services-producing Industries from Q1 2018 to Q1 2024 (in Trillion U.S. Dollars)." Statista, Statista Inc., 27 Jun 2024, https://www.statista.com/statistics/1233986/us-service-producing-industries-quarterly-value-added-gdp/
BEA, Quarterly value added to the Gross Domestic Product (GDP) of the United States by private services-producing industries from Q1 2018 to Q1 2024 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1233986/us-service-producing-industries-quarterly-value-added-gdp/ (last visited December 22, 2024)
Quarterly value added to the Gross Domestic Product (GDP) of the United States by private services-producing industries from Q1 2018 to Q1 2024 (in trillion U.S. dollars) [Graph], BEA, June 27, 2024. [Online]. Available: https://www.statista.com/statistics/1233986/us-service-producing-industries-quarterly-value-added-gdp/
