The United States is a world economic powerhouse with the largest nominal GDP in the world, valued at 18.46 trillion dollars which translate to 22% of the world’s nominal GDP. The economy of the United States is divided into three broad categories including the service sector, the manufacturing sector, and the agricultural sector.
Which Are The Biggest Industries In The United States?
| Rank | Industry | GDP value added (in $ billions), 2011 | % of total GDP |
|---|---|---|---|
| 1 | Real estate, renting, leasing | 1,898 | 13% |
| 2 | State and Local Government | 1,336 | 9% |
| 3 | Finance and insurance | 1,159 | 8% |
| 4 | Health/social care | 1,136 | 8% |
| 5 | Durable manufacturing | 910 | 6% |
| 6 | Retail trade | 905 | 6% |
| 7 | Wholesale trade | 845 | 6% |
| 8 | Non-durable manufacturing | 821 | 6% |
| 9 | Federal Government | 658 | 5% |
| 10 | Information | 646 | 4% |
| 11 | Arts, entertainment | 591 | 4% |
| 12 | Construction | 529 | 4% |
| 13 | Waste services | 448 | 3% |
| 14 | Other services | 447 | 3% |
| 15 | Utilities | 297 | 2% |
| 16 | Mining | 290 | 2% |
| 17 | Corporate management | 284 | 2% |
| 18 | Education services | 174 | 1% |
| 19 | Agriculture | 173 | 1% |
http://bluewatercredit.com/ranking-biggest-industries-us-economy-surprise-1/
10 Most profitable industries in the United States economy:
- Advertising & Marketing
$8.3 billion revenue last year for the 468 top advertising and marketing companies, showing that promoting and selling things can be just as lucrative as manufacturing them.
- Construction
Home building is back again after getting walloped during the last recession, and 232 of the biggest 232 builders, contractors, and electrical companies took home $8.34 billion in sales last year.
- Financial Services
The most prominent 246 financial companies, banks, investment firms, etc. combined for $11.8 billion in revenues last year.
- Energy
$12.4 billion
The U.S. energy market remains dynamic, with just 100 front running firms earning $12.4 billion in revenues last year, led by XOOM Energy out of North Carolina.
- Human Resources
The top 203 human resources companies cashed in on $13 billion profits last year, thanks to the fact that companies invested heavily in corporate training with a 15% increase from the previous year.
- Consumer Products & Services
While this is a broad category, the top 226 companies brought home $14.4 billion last year, with some pretty cool innovations.
- Logistics & Transportation
$15.2 billion
Getting from Point A to Point B may not be sexy, but it sure is profitable, with the top 157 transportation or logistics firms earning $15.2 revenue last year.
- Business Products & Services
Encompassing just about every role you could imagine from building mobile apps to wholesaling to restaurants, this sector saw $15.9 billion in profits last year.
- IT Services
While information tech and services is #10 on the list of biggest industries in the U.S., it ranks #2 overall in profits, with a stunning $17.5 billion in profits last year, led by companies like TRYFACTA, which provides cloud, big data, and IT services.
- Health
Pharmaceutical manufacturing and sales, genetic testing, workplace drug testing, and all of the hospitals and medical services in the U.S. totaled $24.4 billion in revenues last year, making it the most profitable sector of our economy!
We now know which industries are the biggest and bring in the most total revenue, but which specific fields are lean and mean, earning the highest net margins?
10 U.S. Industries with the highest net margins:
- Major banks
22.9% net margins last year
- Regional banks
23% net margins last year
- IT services
24% net margins last year
- Savings banks
24% net margins last year
- Biotechnology
24.6% net margins last year
- Internet software/services
25% net margins last year
- Major pharmaceutical companies
25.5% net margins last year
- Tobacco
27.2% net margins last year
- Investment managers
29.1% net margins last year
- Generic pharmaceutical companies
30% net margins last year
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