June 24, 2025

Money

 USA Facts

  • In 2024, the US produced $29.2 trillion in goods and services, with $24.3 trillion (83.3%) coming from services and $4.9 trillion (16.7%) from goods. 

  • These financial figures are called “value added,” aka what these sectors contribute to the economy. (Read the article for more on how value added is calculated.) 

  • Finance, insurance, real estate, rental, and leasing accounted for $6.2 trillion (or 25.5%) of all service-based value. Professional and business services followed ($3.8 trillion), followed by educational services, healthcare, and social assistance ($2.5 trillion). 

  • Goods production is, of course, still crucial to the economy. The nation’s goods-producing industries are agriculture, mining, construction, and manufacturing. Manufacturing alone accounted for 59.8% of all US-produced goods, generating $2.9 trillion.

  • The top goods by value added were chemical products ranked first at $575.2 billion, then food, beverage, and tobacco products ($350.1 billion). Computer and electronic products ($308.3 billion) were third.

 

No comments: