- 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.
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