In the United States, the economic activity of the private credit sector, related to suppliers and related to consumer spending, contributed with 223.815 billions U.S. dollars to the country's gross domestic product (GDP) and generated almost 1.6 million jobs, earning 136.996 billions U.S. dollars in wages and benefits in 2022.
California, Texas, and New York were the states with the highest employment figures, wages, and GPD from private credit-related economic activity.
Total economic activity supported by private credit in the United States in 2022, by state
The source defines, related to supplier, the economic activity that is supported in the US economy from the purchases of goods and services by businesses receiving private credit. It also defines, related to consumer spending, the consumer spending of workers attributable to private credit, both at US companies receiving private credit as well as their suppliers, which supports additional economic activity in the US economy.
The total economic contribution of private credit consists of the portion of the operations of companies in the United States supported by receiving private credit financing, as well as the economic activity supported at suppliers to these companies and by related consumer spending.
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American Investment Council. (October 30, 2023). Total economic activity supported by private credit in the United States in 2022, by state [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1469940/total-economic-impact-of-private-credit-usa-by-state/
American Investment Council. "Total economic activity supported by private credit in the United States in 2022, by state." Chart. October 30, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1469940/total-economic-impact-of-private-credit-usa-by-state/
American Investment Council. (2023). Total economic activity supported by private credit in the United States in 2022, by state. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1469940/total-economic-impact-of-private-credit-usa-by-state/
American Investment Council. "Total Economic Activity Supported by Private Credit in The United States in 2022, by State." Statista, Statista Inc., 30 Oct 2023, https://www.statista.com/statistics/1469940/total-economic-impact-of-private-credit-usa-by-state/
American Investment Council, Total economic activity supported by private credit in the United States in 2022, by state Statista, https://www.statista.com/statistics/1469940/total-economic-impact-of-private-credit-usa-by-state/ (last visited November 21, 2024)
Total economic activity supported by private credit in the United States in 2022, by state [Graph], American Investment Council, October 30, 2023. [Online]. Available: https://www.statista.com/statistics/1469940/total-economic-impact-of-private-credit-usa-by-state/
