This statistic shows the gross output of social assistance in the United States from 1998 to 2020. In 1998, the gross output of this sector came to around 67 billion U.S. dollars. By 2020, the gross output had increased to almost 238 billion U.S. dollars.
Gross output of social assistance in the U.S. from 1998 to 2020
(in million U.S. dollars)
The source adds the following: Gross output is principally a measure of sales or revenue from production for most industries, although it is measured as sales or revenue less cost of goods sold for margin industries like retail and wholesale trade. Intermediate inputs are the foreign and domestically-produced goods and services used up by an industry in the process of producing its gross output. Value added is the difference between gross output and intermediate inputs and represents the value of labor and capital used in producing gross output. The sum of value added across all industries is equal to gross domestic product for the economy. Value added is also measured as the sum of an industry’s compensation of employees, taxes on production and imports, less subsidies, and gross operating surplus.
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BEA. (May 24, 2023). Gross output of social assistance in the U.S. from 1998 to 2020 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/193456/gross-output-of-social-assistance-in-the-us/
BEA. "Gross output of social assistance in the U.S. from 1998 to 2020 (in million U.S. dollars)." Chart. May 24, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/193456/gross-output-of-social-assistance-in-the-us/
BEA. (2023). Gross output of social assistance in the U.S. from 1998 to 2020 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/193456/gross-output-of-social-assistance-in-the-us/
BEA. "Gross Output of Social Assistance in The U.S. from 1998 to 2020 (in Million U.S. Dollars)." Statista, Statista Inc., 24 May 2023, https://www.statista.com/statistics/193456/gross-output-of-social-assistance-in-the-us/
BEA, Gross output of social assistance in the U.S. from 1998 to 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/193456/gross-output-of-social-assistance-in-the-us/ (last visited November 23, 2024)
Gross output of social assistance in the U.S. from 1998 to 2020 (in million U.S. dollars) [Graph], BEA, May 24, 2023. [Online]. Available: https://www.statista.com/statistics/193456/gross-output-of-social-assistance-in-the-us/
