THE U.S. BUSINESS ECONOMY

(In a Few Cool Charts)



In 2018, the U.S. business economy was $37 trillion, representing the total revenue generated by private companies. While GDP was $20 trillion, GDP strips out intermediate goods (those products used in the eventual production of a final product) providing an incomplete view of total industry revenues. The U.S. business economy most closely resembles U.S. gross output, but even that measure has adjustments to revenue.

The U.S. business economy is the rawest measure of the economy and can be disaggregated into industries painting a unique and insightful picture. The interactive visualization below is a revenue composite of the 1000+ industries that comprise the U.S. Business Economy. Click on any portion of the interactive sunburst chart to get a breakdown of a particular sector and subsector. And, click the center to move back up a level. The data is sourced from the Census Bureau and Kentley Insights. All figures are for 2018, except for Mining sectors, which are for 2012. All figures are in $ billions.


The Entire U.S. Business Economy in One Chart (1000+ Industries)

CLICK ON ANY SECTION TO ZOOM IN, CLICK THE CENTER TO ZOOM OUT

All figures in $ billions




Where is the Growth?




Over the past 5 years, the U.S. business economy has grown 3.2% annually for a total growth of $5.4 trillion. Yet, growth on an absolute and percentage basis was very uneven across sectors. Services contributed over 60% of total absolute growth at $3.5 trillion. Construction led in percentage growth at 7.5% annual growth, with services at 5.4%, and retail at 3.8%. The rest of the sectors lagged in growth at between -1% to 1% annual growth.


Sector Absolute Growth

$ billions

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Sector Annual Growth

% CAGR

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What are the Hot & Cold Industries?




Below are the 5-year revenue growth percentages for the subsectors. Lodging construction led subsector growth at 137%, followed by online retailers at 70%. Wheat and barley led subsector declines at -50% and -44%. The data is sourced from the Census Bureau and Kentley Insights. Since there isn't any recent data, mining subsectors are not represented.


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Kentley Insights




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