Value added to U.S. GDP, by industry 2020

In 2020, the finance, real estate, insurance, rental, and leasing industry added the most value to the GDP to the United States in 2020. In that year, this industry added 4.66 trillion U.S. dollars to the national GDP.

Gross Domestic Product

Gross domestic product is a measure of how much a country produces in a certain amount of time. Countries with a high GDP tend to have large economies, for example, the United States. However, GDP does not take into consideration the cost of living and inflation rates, so it cannot be used to calculate the standard of living.

U.S. GDP

California added the largest amount of value to the real GDP of the U.S. in the fourth quarter of 2020. Following California was Texas and New York. In California, and New York, the finance, insurance, real estate, rental, and leasing industry added the most value to the state GDP. While the business sector added the highest value to the U.S. real GDP in 2020, it was the mining industry that had the biggest percentage change in value added to the GDP between 2010 and 2020.