The US GDP composition in 2023 indicated a dominant service sector, comprising 55.39% of the GDP. Mining, manufacturing, and utilities stood at 14.9%, reflecting moderate industrial activity. Wholesale, retail trade, restaurants, and hotels contributed 14.81%, indicating a vibrant consumer economy. Transport, storage, and communication accounted for 9.68%, while construction contributed 4.26%. The agriculture sector, including hunting, forestry, and fishing, formed the smallest segment at 0.95%.
Future trends to watch in US GDP composition include:
- Continued expansion of the tech-driven service sector.
- Potential growth in manufacturing due to onshoring and technological advancements.
- The impact of e-commerce on wholesale and retail trade dynamics.
- Increased significance of sustainable practices in agriculture and construction.
Top countries in US GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 55.39 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 14.9 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 14.81 | 2016 | |
| 4 | 4 Transport, storage and communication | 9.68 | 2016 | |
| 5 | 5 Construction | 4.26 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 0.95 | 2016 |
