Full text of Bureau of Economic Analysis (BEA) News Releases : Gross Domestic Product by Industry: First Quarter 2014, BEA 14-33 : Full Release

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NEWS RELEASE
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, JULY 25, 2014
Technical: Carol Moylan:
(202) 606-9612
Erich Strassner:
606-9539
Edward Morgan:
606-9541
Media:
Jeannine Aversa:
606-2649
E-mail inquiries: industryeconomicaccounts@bea.gov

BEA 14-33

GROSS DOMESTIC PRODUCT BY INDUSTRY: FIRST QUARTER 2014
Real gross domestic product (GDP) decreased at an annual rate of 2.9 percent in the first quarter of 2014
after increasing 2.6 percent in the fourth quarter of 2013. Both private services- and goods-producing industries
contributed to the decrease, while the government sector increased slightly. Durable-goods manufacturing;
wholesale trade; and agriculture, forestry, fishing, and hunting were the leading contributors to the decrease in GDP.
Overall, 16 of 22 industry groups contributed to the 2.9 percent decrease in U.S. economic activity.
Durable-goods manufacturing real value added—a measure of an industry’s contribution to GDP—
decreased 8.4 percent after an increase of 3.5 percent in the fourth quarter of 2013.

•

Wholesale trade decreased 8.7 percent after an increase of 6.9 percent in the fourth quarter.

•

Agriculture, forestry, fishing, and hunting decreased 31 percent after a decrease of 7.0 percent in the fourth
quarter.

Percent change from preceding period

•

Real GDP and Real Value Added by Sector

10.0
8.0
6.0
4.0
2.0
0.0
-2.0
-4.0
-6.0

2012Q2

GDP

2012Q3

2012Q4

Private Goods

U.S. Bureau of Economic Analysis

2013Q1

2013Q2

Private Services

2013Q3

2013Q4

Government

2014Q1

The downturn in the first quarter of 2014 was widespread. Overall, 19 out of 22 industry groups contributed to
the 5.5 percentage points downturn in real GDP; the leading contributors to the downturn were wholesale trade;
professional, scientific, and technical services; and durable-goods manufacturing.

Percentage points

Real GDP and Contributions to Percent Change in Real GDP
5.0
4.0
3.0
2.0
1.0
0.0
-1.0
-2.0
-3.0
-4.0

Real GDP

2012Q2

2012Q3

2012Q4

Private Goods

2013Q1

2013Q2

Private Services

2013Q3

2013Q4

2014Q1

Government

U.S. Bureau of Economic Analysis

Other highlights:
•

•

•

Growth in real value added slowed for nondurable-goods manufacturing in the first quarter, however, the
industry group contributed the largest positive offset to the decrease in real GDP in the first quarter.
Nondurable-goods manufacturing, which includes petroleum and coal product manufacturing, increased
15.1 percent in the first quarter of 2014, after an increase of 18.6 percent in the fourth quarter.
Professional, scientific, and technical services turned down in the first quarter, decreasing 6.5 percent
after increasing 5.9 percent in the fourth quarter. Professional, scientific, and technical services includes
industries such as legal services, engineering, and administrative management and management
consulting services.
Federal government turned up 3.2 percent in the first quarter—its first increase since the second quarter
of 2011.
Annual Revision of the Industry Economic Accounts

The annual revision of the industry accounts will be released along with the estimate of quarterly GDP
by industry for the second quarter of 2014 on November 13. The scope of this annual revision will extend
beyond the regular 3 year estimate revision cycle. Selected annual statistics will be revised back to 1997 and
quarterly estimates will be revised back to the first quarter of 2005. All revisions will be fully consistent with
the results of the annual revision of the national income and product accounts, which is to be released on July 30.

This is the second release of these new quarterly GDP by industry statistics. These statistics are fully integrated
and consistent with GDP published in BEA’s national income and product accounts, and they provide a
comprehensive and consistent picture of industries’ overall performance, allowing for a more complete analysis on
the industry sources of U.S. economic growth. This news release is available on BEA’s Web site at
www.bea.gov/newsreleases/rels.htm.
* * *
Next release -- November 13, 2014 at 8:30 A.M. EST for:
Gross Domestic Product by Industry: Second Quarter 2014
Annual Revision of the Industry Economic Accounts

Table 1. Real Value Added by Industry Group: Percent Change From Preceding Period
2012

2013

2012
I

3.7

II

1.2

Seasonally adjusted at annual rates
2013
III
IV
I
II
III
2.8
0.1
1.1
2.5
4.1

Gross domestic product……………………………………………………………………

2.8

1.9

Private industries…………………………………………………………………………………
Agriculture, forestry, fishing, and hunting………………………………………………
Mining………………………………………………………………………………………………………
Utilities………………………………………………………………………………………………………
Construction………………………………………………………………………………………………
Manufacturing……………………………………………………………………………………………
Durable goods…………………………………………………………………………………………
Nondurable goods…………………………………………………………………………………
Wholesale trade………………………………………………………………………………………
Retail trade………………………………………………………………………………………………
Transportation and warehousing………………………………………………………………
Information………………………………………………………………………………………………
Finance, insurance, real estate, rental, and leasing…………………………………
Finance and insurance……………………………………………………………………………
Real estate and rental and leasing…………………………………………………………
Professional and business services…………………………………………………………
Professional, scientific, and technical services……………………………………
Management of companies and enterprises…………………………………………
Administrative and waste management services…………………………………
Educational services, health care, and social assistance…………………………
Educational services………………………………………………………………………………
Health care and social assistance……………………………………………………………
Arts, entertainment, recreation, accommodation, and food services……
Arts, entertainment, and recreation………………………………………………………
Accommodation and food services………………………………………………………
Other services, except government…………………………………………………………
Government………………………………………………………………………………………
Federal………………………………………………………………………………………………………
State and local……………………………………………………………………………………………

3.0
0.3
14.0
1.8
4.0
1.9
4.1
-0.5
2.6
1.3
1.1
4.4
2.2
2.3
2.2
4.6
4.2
8.1
3.7
2.5
1.0
2.7
2.7
2.3
2.8
1.9
-0.2
-1.0
0.2

2.3
16.4
1.8
1.8
1.5
3.1
1.0
5.3
1.5
2.1
1.0
3.2
1.8
2.0
1.6
2.0
1.5
5.8
0.7
1.9
-0.9
2.3
2.0
1.7
2.1
-0.6
-1.1
-3.3
0.0

3.7
-0.7
5.9
-19.4
11.8
5.8
4.7
6.9
-3.3
6.1
6.7
9.1
-2.5
-2.8
-2.3
8.7
6.8
19.6
6.5
7.7
6.4
8.0
8.0
5.3
9.0
5.6
0.6
-0.6
1.2

1.1
5.2
13.6
9.5
-2.3
-3.3
0.6
-7.5
3.2
-10.9
-6.5
7.9
6.6
16.5
2.0
1.2
1.2
1.9
0.7
-1.0
-1.1
-1.0
-3.1
-1.1
-3.8
-0.5
-1.3
-2.2
-0.9

2.8
-25.1
8.3
7.0
0.5
-2.4
1.5
-6.6
2.1
14.7
2.7
1.9
4.8
4.9
4.8
4.5
3.2
10.1
4.1
1.9
0.5
2.1
-0.3
0.0
-0.4
2.2
0.6
-1.4
1.5

0.3
-23.7
9.3
-2.4
7.8
-3.4
0.2
-7.3
-3.4
-2.9
0.4
-11.4
0.1
2.5
-1.1
8.5
8.2
23.1
0.9
3.1
0.7
3.5
6.3
-0.2
8.8
1.3
-0.7
-2.2
0.0

1.5
133.4
-15.5
3.7
-3.1
8.8
-0.5
20.2
0.8
6.4
2.5
12.5
-2.5
-8.4
0.7
-10.1
-9.8
-16.6
-6.0
2.5
-5.0
3.7
3.6
2.3
4.0
-4.3
-1.6
-3.5
-0.7

3.0
7.9
10.9
-2.7
2.9
5.1
0.3
10.8
1.2
-1.5
-1.7
2.7
4.8
12.3
1.1
4.8
4.2
10.8
2.4
0.8
-0.2
1.0
-1.7
2.9
-3.2
-0.2
-1.2
-3.2
-0.3

Addenda:
Private goods-producing industries1………………………………………………………
Private services-producing industries2……………………………………………………

3.7
2.7

3.6
1.8

6.4
2.9

-0.5
1.5

-2.2
4.3

-1.3
0.8

8.9
-0.7

5.7
2.2

2.6

2014
I
-2.9

5.0
13.3
0.2
3.5
6.6
4.0
5.1
2.9
7.3
4.7
4.9
7.7
4.0
0.3
6.0
9.5
8.3
20.0
6.0
2.2
3.1
2.0
0.2
1.5
-0.2
0.7
-1.3
-5.5
0.7

3.5
-7.0
10.3
0.3
-5.9
10.4
3.5
18.6
6.9
-2.4
2.4
6.1
0.2
-0.2
0.3
7.0
5.9
12.2
6.0
1.6
-1.0
2.0
7.8
8.8
7.5
0.4
-2.0
-6.0
0.0

-3.3
-31.0
-5.6
-16.4
-8.9
2.1
-8.4
15.1
-8.7
4.7
-4.6
3.9
-2.9
-7.1
-0.8
-6.4
-6.5
-9.6
-4.2
-3.0
1.6
-3.7
-0.1
1.6
-0.7
0.0
0.1
3.2
-1.4

4.7
5.1

5.9
2.8

-3.8
-3.2

IV

1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and
business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except
government.
Source: U.S. Bureau of Economic Analysis

Table 2. Contributions to Percent Change in Real GDP by Industry Group
2012

2013

2012
I

II

Seasonally adjusted at annual rates
2013
III
IV
I
II
III

2014
I

IV

Percent change at annual rate:
Gross domestic product……………………………………………………………………
Percentage points at annual rates:
Private industries…………………………………………………………………………………
Agriculture, forestry, fishing, and hunting………………………………………………
Mining………………………………………………………………………………………………………
Utilities………………………………………………………………………………………………………
Construction………………………………………………………………………………………………
Manufacturing……………………………………………………………………………………………
Durable goods…………………………………………………………………………………………
Nondurable goods…………………………………………………………………………………
Wholesale trade………………………………………………………………………………………
Retail trade………………………………………………………………………………………………
Transportation and warehousing………………………………………………………………
Information………………………………………………………………………………………………
Finance, insurance, real estate, rental, and leasing…………………………………
Finance and insurance……………………………………………………………………………
Real estate and rental and leasing…………………………………………………………
Professional and business services…………………………………………………………
Professional, scientific, and technical services……………………………………
Management of companies and enterprises…………………………………………
Administrative and waste management services…………………………………
Educational services, health care, and social assistance…………………………
Educational services………………………………………………………………………………
Health care and social assistance……………………………………………………………
Arts, entertainment, recreation, accommodation, and food services……
Arts, entertainment, and recreation………………………………………………………
Accommodation and food services………………………………………………………
Other services, except government…………………………………………………………
Government………………………………………………………………………………………
Federal………………………………………………………………………………………………………
State and local……………………………………………………………………………………………

2.8

1.9

3.7

1.2

2.8

0.1

1.1

2.5

4.1

2.6

-2.9

2.54
0.00
0.35
0.03
0.14
0.23
0.26
-0.03
0.15
0.08
0.03
0.21
0.43
0.15
0.28
0.54
0.29
0.15
0.11
0.20
0.01
0.19
0.10
0.02
0.07
0.04
-0.02
-0.05
0.02

1.95
0.21
0.05
0.03
0.06
0.40
0.07
0.33
0.09
0.12
0.03
0.16
0.35
0.14
0.21
0.24
0.10
0.11
0.02
0.16
-0.01
0.17
0.07
0.02
0.06
-0.01
-0.14
-0.14
0.00

3.16
-0.01
0.16
-0.38
0.40
0.69
0.30
0.38
-0.20
0.35
0.19
0.42
-0.48
-0.18
-0.30
0.99
0.47
0.33
0.19
0.62
0.07
0.55
0.28
0.05
0.23
0.12
0.08
-0.03
0.11

0.93
0.07
0.34
0.15
-0.08
-0.43
0.04
-0.47
0.19
-0.66
-0.19
0.37
1.25
1.00
0.25
0.14
0.08
0.03
0.02
-0.09
-0.01
-0.07
-0.12
-0.01
-0.10
-0.01
-0.18
-0.10
-0.09

2.41
-0.36
0.21
0.12
0.02
-0.32
0.10
-0.42
0.12
0.79
0.08
0.09
0.94
0.32
0.62
0.53
0.23
0.18
0.12
0.15
0.01
0.15
-0.01
0.00
-0.01
0.05
0.08
-0.06
0.14

0.28
-0.33
0.23
-0.04
0.27
-0.44
0.01
-0.46
-0.21
-0.17
0.01
-0.57
0.02
0.17
-0.15
0.98
0.55
0.40
0.03
0.26
0.01
0.25
0.23
0.00
0.23
0.03
-0.10
-0.09
0.00

1.28
1.21
-0.44
0.06
-0.11
1.06
-0.03
1.09
0.05
0.35
0.07
0.55
-0.50
-0.59
0.09
-1.27
-0.73
-0.35
-0.19
0.20
-0.06
0.26
0.13
0.02
0.11
-0.10
-0.21
-0.15
-0.06

2.63
0.13
0.27
-0.05
0.10
0.63
0.02
0.61
0.07
-0.08
-0.05
0.13
0.92
0.78
0.14
0.56
0.28
0.20
0.07
0.07
0.00
0.07
-0.06
0.03
-0.09
0.00
-0.16
-0.14
-0.02

4.30
0.20
0.01
0.06
0.24
0.50
0.33
0.17
0.42
0.27
0.14
0.36
0.79
0.03
0.77
1.10
0.56
0.36
0.18
0.18
0.03
0.15
0.01
0.01
0.00
0.02
-0.17
-0.23
0.07

3.07
-0.11
0.27
0.01
-0.22
1.23
0.23
1.01
0.40
-0.14
0.07
0.29
0.03
-0.01
0.05
0.82
0.41
0.23
0.18
0.13
-0.01
0.14
0.28
0.08
0.20
0.01
-0.25
-0.25
0.00

-2.92
-0.53
-0.16
-0.31
-0.34
0.30
-0.57
0.86
-0.54
0.26
-0.14
0.18
-0.59
-0.49
-0.10
-0.80
-0.47
-0.20
-0.13
-0.25
0.02
-0.27
0.00
0.02
-0.02
0.00
0.01
0.13
-0.12

Addenda:
Private goods-producing industries1………………………………………………………
Private services-producing industries2……………………………………………………

0.73
1.81

0.71
1.24

1.24
1.92

-0.10
1.03

-0.45
2.85

-0.26
0.54

1.72
-0.44

1.14
1.49

0.95
3.36

1.17
1.90

-0.73
-2.19

1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and
business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except
government.
Note. Percentage-point contributions do not sum to the percent change in real gross domestic product because the contribution of the "Not allocated by industry" line is
excluded.
Source: U.S. Bureau of Economic Analysis

Table 3. Chain-Type Price Indexes for Value Added by Industry Group: Percent Change From Preceding Period
2012

2013

2012
I

2.0

II

1.8

Seasonally adjusted at annual rates
2013
I
II
III
IV
III
1.1
1.3
0.6
2.0
2.3

Gross domestic product……………………………………………………………………

1.7

1.4

Private industries…………………………………………………………………………………
Agriculture, forestry, fishing, and hunting………………………………………………
Mining………………………………………………………………………………………………………
Utilities………………………………………………………………………………………………………
Construction………………………………………………………………………………………………
Manufacturing……………………………………………………………………………………………
Durable goods…………………………………………………………………………………………
Nondurable goods…………………………………………………………………………………
Wholesale trade………………………………………………………………………………………
Retail trade………………………………………………………………………………………………
Transportation and warehousing………………………………………………………………
Information………………………………………………………………………………………………
Finance, insurance, real estate, rental, and leasing…………………………………
Finance and insurance……………………………………………………………………………
Real estate and rental and leasing…………………………………………………………
Professional and business services…………………………………………………………
Professional, scientific, and technical services………………………………………
Management of companies and enterprises…………………………………………
Administrative and waste management services…………………………………
Educational services, health care, and social assistance…………………………
Educational services………………………………………………………………………………
Health care and social assistance……………………………………………………………
Arts, entertainment, recreation, accommodation, and food services……
Arts, entertainment, and recreation………………………………………………………
Accommodation and food services…………………………………………………………
Other services, except government…………………………………………………………
Government………………………………………………………………………………………
Federal………………………………………………………………………………………………………
State and local……………………………………………………………………………………………

2.1
1.4
-8.0
-3.4
2.3
3.9
1.7
6.3
3.2
2.4
4.2
0.4
3.0
4.2
2.5
1.5
1.4
0.6
2.0
1.9
3.8
1.6
3.3
2.4
3.6
2.4
1.2
0.6
1.5

1.7
14.7
2.6
2.5
3.6
-0.8
1.9
-3.7
2.2
0.9
2.9
0.1
2.0
1.4
2.3
1.5
1.3
0.8
2.5
1.7
3.5
1.4
2.3
1.6
2.6
3.0
1.1
1.5
0.8

2.4
1.6
-3.3
-8.0
0.7
2.6
1.4
4.0
11.7
-0.2
-0.2
-0.3
3.7
5.8
2.7
2.4
1.9
0.3
4.8
1.4
3.2
1.2
4.4
4.7
4.3
1.8
2.5
0.6
3.5

2.4
-3.7
-27.0
1.5
3.7
5.7
3.7
8.0
-2.2
11.4
13.7
1.6
2.6
3.3
2.2
1.1
2.2
-1.5
0.3
2.5
3.9
2.3
5.5
2.6
6.6
3.1
1.5
0.8
1.8

2.8
14.3
-4.6
-1.4
1.3
11.5
2.2
22.6
5.1
-9.9
-0.7
-0.3
3.9
6.9
2.4
2.1
1.2
6.0
1.7
1.6
2.1
1.5
4.2
4.4
4.1
2.5
-0.5
-0.5
-0.5

1.4
30.0
3.1
3.2
-0.6
-1.9
-1.1
-2.8
5.4
5.6
-0.4
-0.1
2.2
2.2
2.2
0.3
-0.1
-1.3
2.2
0.9
3.3
0.5
-3.1
-0.2
-4.2
1.7
1.1
0.1
1.5

1.9
76.1
9.2
2.5
5.9
-5.0
2.8
-13.0
0.2
-2.6
4.9
1.2
1.0
-1.3
2.2
3.5
1.5
9.5
4.5
1.6
5.1
1.1
1.1
-0.3
1.7
4.7
1.0
2.7
0.3

0.5
-19.6
6.0
9.0
4.8
-5.9
2.2
-14.2
1.3
3.6
3.1
0.7
0.5
-2.1
1.8
2.0
2.6
-1.9
3.0
1.4
4.2
1.0
5.8
1.3
7.4
2.8
1.0
1.1
0.9

Addenda:
Private goods-producing industries1…………………………………………………………
Private services-producing industries2……………………………………………………

1.8
2.2

1.4
1.8

1.4
2.7

-0.3
3.2

7.6
1.5

0.7
1.7

3.1
1.5

-3.8
1.9

1.6

2014
I
1.3

2.1
-11.0
23.3
-4.6
2.8
2.0
2.0
1.9
3.6
1.5
0.4
-3.5
3.1
3.9
2.7
-0.4
1.2
-8.7
1.5
2.7
1.1
2.9
6.2
5.2
6.5
2.7
0.9
0.8
1.0

1.0
-18.5
-19.4
5.4
10.5
0.7
3.5
-2.3
-0.7
5.0
6.0
0.5
3.1
2.3
3.6
-0.8
0.1
-5.4
0.4
2.6
3.4
2.4
-0.7
1.5
-1.5
2.8
4.4
8.9
2.4

1.2
13.0
19.5
46.1
10.6
-10.3
0.9
-21.2
2.6
-5.6
7.2
1.2
1.0
-0.3
1.6
3.0
3.5
0.7
3.4
-0.2
1.7
-0.4
0.8
2.2
0.3
1.8
1.5
-2.6
3.5

3.6
1.7

-2.2
1.9

-1.5
2.0

IV

1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and
business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except
government.
Source: U.S. Bureau of Economic Analysis

Table 4. Contributions to Percent Change in the GDP Price Index by Industry Group
2012

2013

2012
I

II

Seasonally adjusted at annual rates
2013
III
IV
I
II
III

2014
I

IV

Percent change at annual rate:
Gross domestic product……………………………………………………………………
Percentage points at annual rates:
Private industries…………………………………………………………………………………
Agriculture, forestry, fishing, and hunting………………………………………………
Mining………………………………………………………………………………………………………
Utilities………………………………………………………………………………………………………
Construction………………………………………………………………………………………………
Manufacturing……………………………………………………………………………………………
Durable goods…………………………………………………………………………………………
Nondurable goods…………………………………………………………………………………
Wholesale trade………………………………………………………………………………………
Retail trade………………………………………………………………………………………………
Transportation and warehousing………………………………………………………………
Information………………………………………………………………………………………………
Finance, insurance, real estate, rental, and leasing…………………………………
Finance and insurance……………………………………………………………………………
Real estate and rental and leasing…………………………………………………………
Professional and business services…………………………………………………………
Professional, scientific, and technical services………………………………………
Management of companies and enterprises…………………………………………
Administrative and waste management services…………………………………
Educational services, health care, and social assistance…………………………
Educational services………………………………………………………………………………
Health care and social assistance……………………………………………………………
Arts, entertainment, recreation, accommodation, and food services……
Arts, entertainment, and recreation………………………………………………………
Accommodation and food services…………………………………………………………
Other services, except government…………………………………………………………
Government………………………………………………………………………………………
Federal………………………………………………………………………………………………………
State and local……………………………………………………………………………………………

1.7

1.4

2.0

1.8

2.3

1.1

1.3

0.6

2.0

1.6

1.3

1.85
0.02
-0.22
-0.06
0.08
0.48
0.11
0.37
0.19
0.14
0.12
0.02
0.59
0.27
0.32
0.17
0.10
0.01
0.06
0.16
0.04
0.12
0.12
0.02
0.10
0.05
0.16
0.03
0.13

1.44
0.20
0.07
0.04
0.13
-0.12
0.12
-0.24
0.13
0.05
0.08
0.00
0.39
0.09
0.30
0.18
0.09
0.02
0.08
0.14
0.04
0.10
0.08
0.02
0.07
0.06
0.14
0.06
0.08

2.08
0.02
-0.09
-0.14
0.02
0.32
0.09
0.23
0.66
-0.01
0.00
-0.02
0.72
0.37
0.35
0.28
0.13
0.01
0.14
0.12
0.04
0.08
0.16
0.04
0.12
0.04
0.35
0.03
0.32

2.03
-0.05
-0.84
0.03
0.13
0.70
0.24
0.46
-0.13
0.62
0.38
0.08
0.50
0.22
0.29
0.13
0.15
-0.03
0.01
0.21
0.04
0.16
0.20
0.03
0.17
0.07
0.20
0.04
0.16

2.45
0.17
-0.12
-0.02
0.05
1.39
0.14
1.24
0.29
-0.60
-0.02
-0.01
0.76
0.45
0.31
0.24
0.08
0.11
0.05
0.13
0.02
0.11
0.15
0.04
0.11
0.05
-0.07
-0.02
-0.05

1.25
0.32
0.08
0.05
-0.02
-0.24
-0.07
-0.17
0.31
0.31
-0.01
-0.01
0.44
0.15
0.29
0.03
-0.01
-0.02
0.07
0.07
0.04
0.04
-0.12
0.00
-0.12
0.04
0.14
0.00
0.14

1.61
0.82
0.23
0.04
0.21
-0.65
0.18
-0.83
0.01
-0.15
0.14
0.06
0.20
-0.09
0.29
0.42
0.11
0.18
0.13
0.13
0.06
0.08
0.04
0.00
0.05
0.10
0.14
0.11
0.02

0.46
-0.36
0.15
0.15
0.17
-0.76
0.14
-0.90
0.08
0.20
0.09
0.03
0.10
-0.14
0.24
0.23
0.18
-0.04
0.09
0.11
0.05
0.07
0.21
0.01
0.20
0.06
0.13
0.05
0.08

1.85
-0.19
0.57
-0.08
0.10
0.24
0.13
0.11
0.21
0.09
0.01
-0.17
0.61
0.26
0.35
-0.05
0.08
-0.18
0.05
0.22
0.01
0.21
0.22
0.05
0.17
0.06
0.12
0.03
0.09

0.84
-0.31
-0.59
0.09
0.37
0.09
0.23
-0.14
-0.04
0.28
0.17
0.02
0.61
0.15
0.46
-0.09
0.01
-0.11
0.01
0.21
0.04
0.17
-0.03
0.01
-0.04
0.06
0.56
0.35
0.21

1.05
0.18
0.49
0.67
0.37
-1.37
0.06
-1.43
0.15
-0.33
0.21
0.06
0.19
-0.02
0.21
0.36
0.25
0.01
0.10
-0.01
0.02
-0.03
0.03
0.02
0.01
0.04
0.20
-0.11
0.31

Addenda:
Private goods-producing industries1…………………………………………………………
Private services-producing industries2……………………………………………………

0.36
1.49

0.27
1.16

0.27
1.81

-0.05
2.09

1.48
0.98

0.13
1.12

0.61
0.99

-0.80
1.26

0.73
1.12

-0.44
1.28

-0.33
1.38

1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and
business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except
government.
Note. Percentage-point contributions do not sum to the percent change in real gross domestic product because the contribution of the "Not allocated by industry" line is
excluded.
Source: U.S. Bureau of Economic Analysis

Table 5. Value Added by Industry Group
Billions of dollars
Seasonally adjusted at annual rates
2012
2013
2012
2013
2014
I
IV
I
II
III
IV
III
I
II
Gross domestic product……………………………………………………………………16,244.6 16,799.7 16,041.6 16,160.4 16,356.0 16,420.3 16,535.3 16,661.0 16,912.9 17,089.6 17,016.0
Private industries…………………………………………………………………………………14,058.3
Agriculture, forestry, fishing, and hunting……………………………………………… 201.1
Mining………………………………………………………………………………………………………
429.7
Utilities……………………………………………………………………………………………………… 275.1
Construction……………………………………………………………………………………………… 581.1
Manufacturing…………………………………………………………………………………………… 2,034.3
Durable goods………………………………………………………………………………………… 1,065.3
Nondurable goods…………………………………………………………………………………
969.0
Wholesale trade………………………………………………………………………………………
962.7
Retail trade………………………………………………………………………………………………
927.8
Transportation and warehousing……………………………………………………………… 471.6
Information………………………………………………………………………………………………
776.7
Finance, insurance, real estate, rental, and leasing………………………………… 3,172.5
Finance and insurance…………………………………………………………………………… 1,078.2
Real estate and rental and leasing………………………………………………………… 2,094.4
Professional and business services………………………………………………………… 1,937.2
Professional, scientific, and technical services……………………………………… 1,140.2
Management of companies and enterprises………………………………………… 307.7
Administrative and waste management services………………………………… 489.4
Educational services, health care, and social assistance………………………… 1,339.7
Educational services………………………………………………………………………………
182.3
Health care and social assistance…………………………………………………………… 1,157.4
Arts, entertainment, recreation, accommodation, and food services…… 596.5
Arts, entertainment, and recreation……………………………………………………… 157.3
Accommodation and food services………………………………………………………… 439.2
Other services, except government………………………………………………………… 352.0
Government……………………………………………………………………………………… 2,186.3
Federal……………………………………………………………………………………………………… 711.7
State and local…………………………………………………………………………………………… 1,474.5

14,613.8
269.1
449.4
287.1
611.4
2,079.5
1,096.4
983.1
998.7
956.3
490.3
802.4
3,293.2
1,114.6
2,178.6
2,005.3
1,172.1
327.9
505.3
1,388.0
187.1
1,200.9
622.6
162.5
460.1
360.6
2,185.9
698.9
1,487.0

13,856.3
204.6
439.8
267.8
575.8
2,011.3
1,052.5
958.8
951.5
923.8
465.1
767.6
3,081.2
1,023.1
2,058.1
1,903.1
1,121.3
297.8
484.0
1,326.9
180.3
1,146.6
590.2
156.1
434.1
347.6
2,185.3
716.2
1,469.0

13,974.6
205.3
419.7
275.0
577.7
2,022.6
1,063.8
958.8
953.7
922.2
472.3
785.6
3,151.2
1,071.6
2,079.7
1,914.1
1,130.7
298.0
485.3
1,331.8
181.5
1,150.3
593.5
156.7
436.8
349.9
2,185.8
713.7
1,472.1

14,169.9
197.5
423.2
278.7
580.3
2,065.7
1,073.7
992.0
970.6
929.7
474.6
788.7
3,219.5
1,102.5
2,117.0
1,945.1
1,143.1
309.7
492.2
1,343.3
182.8
1,160.6
599.1
158.4
440.7
353.9
2,186.1
710.3
1,475.7

14,232.4
197.1
436.0
279.1
590.4
2,037.8
1,071.2
966.5
974.9
935.6
474.6
765.0
3,238.2
1,115.5
2,122.8
1,986.7
1,165.5
325.2
496.0
1,356.7
184.6
1,172.2
603.5
158.2
445.3
356.6
2,187.9
706.6
1,481.3

14,350.5
280.7
427.4
283.4
594.3
2,054.6
1,077.3
977.4
977.2
944.0
483.3
790.2
3,225.9
1,087.6
2,138.3
1,951.6
1,140.0
317.9
493.7
1,370.5
184.5
1,186.1
610.5
159.0
451.6
356.7
2,184.8
705.0
1,479.8

14,477.5
270.9
445.1
287.5
605.6
2,049.0
1,083.9
965.1
983.2
948.7
485.0
797.0
3,267.9
1,113.9
2,154.0
1,984.1
1,159.1
324.6
500.4
1,378.0
186.3
1,191.7
616.6
160.6
456.0
359.0
2,183.5
701.2
1,482.3

14,731.7
271.5
469.2
286.6
619.7
2,079.3
1,102.7
976.6
1,009.5
963.4
491.3
804.7
3,325.9
1,125.6
2,200.3
2,027.6
1,185.9
332.0
509.6
1,394.6
188.2
1,206.4
626.3
163.3
463.0
362.0
2,181.3
692.7
1,488.6

14,895.6
253.3
455.6
290.7
625.8
2,135.1
1,121.9
1,013.3
1,024.8
969.2
501.4
817.6
3,353.1
1,131.3
2,221.8
2,058.1
1,203.4
337.0
517.6
1,408.9
189.3
1,219.5
637.0
167.3
469.7
364.8
2,194.0
696.8
1,497.1

14,813.4
237.8
469.6
305.6
627.0
2,088.9
1,100.0
988.9
1,008.3
966.2
504.3
828.2
3,336.2
1,109.6
2,226.6
2,039.2
1,193.5
329.2
516.5
1,397.6
190.9
1,206.7
638.1
169.0
469.1
366.5
2,202.6
697.7
1,504.9

Addenda:
Private goods-producing industries1………………………………………………………… 3,246.2 3,409.3 3,231.4 3,225.4 3,266.7 3,261.3 3,357.1 3,370.6 3,439.7 3,469.9 3,423.3
Private services-producing industries2…………………………………………………… 10,812.1 11,204.5 10,624.9 10,749.2 10,903.3 10,971.1 10,993.4 11,106.9 11,291.9 11,425.7 11,390.2
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and
business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except
government.
Source: U.S. Bureau of Economic Analysis

Table 5a. Value Added by Industry Group as a Percentage of GDP
2012

2013

2012
II
III
100.0
100.0

2013
II
III
100.0
100.0

IV
100.0

2014
I
100.0

Gross domestic product……………………………………………………………………

100.0

100.0

I
100.0

Private industries…………………………………………………………………………………
Agriculture, forestry, fishing, and hunting………………………………………………
Mining………………………………………………………………………………………………………
Utilities………………………………………………………………………………………………………
Construction………………………………………………………………………………………………
Manufacturing……………………………………………………………………………………………
Durable goods…………………………………………………………………………………………
Nondurable goods…………………………………………………………………………………
Wholesale trade………………………………………………………………………………………
Retail trade………………………………………………………………………………………………
Transportation and warehousing………………………………………………………………
Information………………………………………………………………………………………………
Finance, insurance, real estate, rental, and leasing…………………………………
Finance and insurance……………………………………………………………………………
Real estate and rental and leasing…………………………………………………………
Professional and business services…………………………………………………………
Professional, scientific, and technical services……………………………………
Management of companies and enterprises…………………………………………
Administrative and waste management services…………………………………
Educational services, health care, and social assistance…………………………
Educational services………………………………………………………………………………
Health care and social assistance……………………………………………………………
Arts, entertainment, recreation, accommodation, and food services……
Arts, entertainment, and recreation………………………………………………………
Accommodation and food services………………………………………………………
Other services, except government…………………………………………………………
Government………………………………………………………………………………………
Federal………………………………………………………………………………………………………
State and local……………………………………………………………………………………………

86.5
1.2
2.6
1.7
3.6
12.5
6.6
6.0
5.9
5.7
2.9
4.8
19.5
6.6
12.9
11.9
7.0
1.9
3.0
8.2
1.1
7.1
3.7
1.0
2.7
2.2
13.5
4.4
9.1

87.0
1.6
2.7
1.7
3.6
12.4
6.5
5.9
5.9
5.7
2.9
4.8
19.6
6.6
13.0
11.9
7.0
2.0
3.0
8.3
1.1
7.1
3.7
1.0
2.7
2.1
13.0
4.2
8.9

86.4
1.3
2.7
1.7
3.6
12.5
6.6
6.0
5.9
5.8
2.9
4.8
19.2
6.4
12.8
11.9
7.0
1.9
3.0
8.3
1.1
7.1
3.7
1.0
2.7
2.2
13.6
4.5
9.2

86.5
1.3
2.6
1.7
3.6
12.5
6.6
5.9
5.9
5.7
2.9
4.9
19.5
6.6
12.9
11.8
7.0
1.8
3.0
8.2
1.1
7.1
3.7
1.0
2.7
2.2
13.5
4.4
9.1

86.6
1.2
2.6
1.7
3.5
12.6
6.6
6.1
5.9
5.7
2.9
4.8
19.7
6.7
12.9
11.9
7.0
1.9
3.0
8.2
1.1
7.1
3.7
1.0
2.7
2.2
13.4
4.3
9.0

86.7
1.2
2.7
1.7
3.6
12.4
6.5
5.9
5.9
5.7
2.9
4.7
19.7
6.8
12.9
12.1
7.1
2.0
3.0
8.3
1.1
7.1
3.7
1.0
2.7
2.2
13.3
4.3
9.0

86.8
1.7
2.6
1.7
3.6
12.4
6.5
5.9
5.9
5.7
2.9
4.8
19.5
6.6
12.9
11.8
6.9
1.9
3.0
8.3
1.1
7.2
3.7
1.0
2.7
2.2
13.2
4.3
8.9

86.9
1.6
2.7
1.7
3.6
12.3
6.5
5.8
5.9
5.7
2.9
4.8
19.6
6.7
12.9
11.9
7.0
1.9
3.0
8.3
1.1
7.2
3.7
1.0
2.7
2.2
13.1
4.2
8.9

87.1
1.6
2.8
1.7
3.7
12.3
6.5
5.8
6.0
5.7
2.9
4.8
19.7
6.7
13.0
12.0
7.0
2.0
3.0
8.2
1.1
7.1
3.7
1.0
2.7
2.1
12.9
4.1
8.8

87.2
1.5
2.7
1.7
3.7
12.5
6.6
5.9
6.0
5.7
2.9
4.8
19.6
6.6
13.0
12.0
7.0
2.0
3.0
8.2
1.1
7.1
3.7
1.0
2.7
2.1
12.8
4.1
8.8

87.1
1.4
2.8
1.8
3.7
12.3
6.5
5.8
5.9
5.7
3.0
4.9
19.6
6.5
13.1
12.0
7.0
1.9
3.0
8.2
1.1
7.1
3.7
1.0
2.8
2.2
12.9
4.1
8.8

Addenda:
Private goods-producing industries1………………………………………………………
Private services-producing industries2……………………………………………………

20.0
66.6

20.3
66.7

20.1
66.2

20.0
66.5

20.0
66.7

19.9
66.8

20.3
66.5

20.2
66.7

20.3
66.8

20.3
66.9

20.1
66.9

IV
100.0

I
100.0

1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and
business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except
government.
Source: U.S. Bureau of Economic Analysis

Table 6. Gross Output by Industry Group
Billions of dollars
Seasonally adjusted at annual rates
2012
2013
2012
2013
2014
I
II
III
IV
I
II
III
IV
I
All Industries………………………………………………………………………………… 28,693.5 29,667.2 28,466.7 28,468.3 28,757.5 29,081.4 29,217.9 29,488.1 29,821.9 30,140.7 30,210.5
Private industries…………………………………………………………………………………25,260.6
Agriculture, forestry, fishing, and hunting……………………………………………… 445.5
Mining………………………………………………………………………………………………………
572.3
Utilities……………………………………………………………………………………………………… 378.1
Construction……………………………………………………………………………………………… 1,065.9
Manufacturing…………………………………………………………………………………………… 5,800.7
Durable goods………………………………………………………………………………………… 2,773.1
Nondurable goods………………………………………………………………………………… 3,027.5
Wholesale trade……………………………………………………………………………………… 1,413.1
Retail trade……………………………………………………………………………………………… 1,478.1
Transportation and warehousing……………………………………………………………… 965.3
Information……………………………………………………………………………………………… 1,377.8
Finance, insurance, real estate, rental, and leasing………………………………… 4,831.8
Finance and insurance…………………………………………………………………………… 1,999.4
Real estate and rental and leasing………………………………………………………… 2,832.4
Professional and business services………………………………………………………… 3,027.8
Professional, scientific, and technical services…………………………………… 1,750.6
Management of companies and enterprises………………………………………… 531.1
Administrative and waste management services………………………………… 746.1
Educational services, health care, and social assistance………………………… 2,249.3
Educational services………………………………………………………………………………
311.7
Health care and social assistance…………………………………………………………… 1,937.6
Arts, entertainment, recreation, accommodation, and food services…… 1,075.3
Arts, entertainment, and recreation……………………………………………………… 268.6
Accommodation and food services………………………………………………………
806.8
Other services, except government………………………………………………………… 579.6
Government……………………………………………………………………………………… 3,432.9
Federal……………………………………………………………………………………………………… 1,155.6
State and local…………………………………………………………………………………………… 2,277.3

26,231.7
512.7
634.4
401.0
1,119.1
5,926.9
2,883.6
3,043.3
1,477.4
1,547.0
1,004.4
1,437.7
5,016.5
2,073.1
2,943.4
3,105.8
1,789.3
568.8
747.7
2,339.4
324.3
2,015.1
1,130.0
277.3
852.6
579.4
3,435.5
1,116.0
2,319.5

25,052.4
442.0
586.8
366.7
1,056.8
5,787.9
2,727.9
3,059.9
1,408.0
1,459.9
959.8
1,351.3
4,767.9
1,985.6
2,782.3
3,011.4
1,752.6
514.3
744.5
2,227.2
305.3
1,921.9
1,056.7
267.6
789.1
570.1
3,414.3
1,152.5
2,261.8

25,046.3
445.3
551.7
377.4
1,054.4
5,752.5
2,772.7
2,979.8
1,402.7
1,466.6
963.0
1,366.1
4,771.9
1,965.1
2,806.8
3,016.3
1,752.0
526.6
737.8
2,232.1
310.4
1,921.7
1,070.4
267.7
802.7
576.0
3,422.0
1,153.1
2,269.0

25,295.3
443.7
560.7
379.7
1,062.1
5,816.5
2,786.9
3,029.5
1,421.9
1,484.1
957.9
1,373.5
4,852.8
2,010.1
2,842.7
3,031.6
1,744.0
536.8
750.8
2,247.0
314.5
1,932.5
1,080.8
270.9
809.9
583.0
3,462.2
1,179.2
2,283.0

25,648.5
451.0
590.0
388.8
1,090.2
5,845.8
2,805.0
3,040.9
1,419.7
1,501.9
980.3
1,420.3
4,934.6
2,036.9
2,897.7
3,051.9
1,753.8
547.0
751.1
2,290.9
316.7
1,974.2
1,093.5
268.2
825.3
589.4
3,432.9
1,137.6
2,295.3

25,787.8
524.1
593.3
395.3
1,073.6
5,895.7
2,827.6
3,068.2
1,428.1
1,510.3
990.8
1,413.0
4,959.5
2,057.5
2,902.0
3,018.0
1,735.1
551.3
731.6
2,291.6
318.6
1,973.0
1,113.8
275.2
838.6
580.7
3,430.1
1,126.2
2,303.9

26,059.0
514.8
628.7
407.5
1,110.5
5,877.1
2,863.4
3,013.7
1,443.2
1,528.8
995.5
1,422.6
5,007.6
2,077.2
2,930.4
3,098.6
1,781.9
564.8
751.9
2,323.3
323.3
2,000.0
1,121.1
272.9
848.3
579.4
3,429.2
1,120.5
2,308.7

26,377.0
516.4
673.4
389.0
1,142.2
5,950.1
2,895.4
3,054.7
1,492.9
1,560.9
1,003.1
1,441.1
5,024.1
2,062.2
2,961.9
3,132.1
1,807.0
574.9
750.2
2,344.5
325.9
2,018.7
1,130.1
275.5
854.6
577.0
3,444.9
1,119.3
2,325.6

26,702.8
495.3
642.2
412.1
1,150.3
5,984.8
2,948.1
3,036.7
1,545.2
1,587.8
1,028.3
1,474.1
5,075.0
2,095.6
2,979.3
3,174.6
1,833.2
584.1
757.2
2,398.1
329.5
2,068.6
1,154.8
285.8
869.0
580.4
3,437.9
1,097.9
2,339.9

26,751.7
491.3
691.7
464.7
1,145.8
5,961.3
2,934.3
3,027.1
1,531.0
1,541.6
1,037.4
1,483.3
5,112.2
2,109.3
3,002.9
3,177.3
1,831.6
579.3
766.5
2,363.9
333.7
2,030.2
1,163.8
292.8
871.1
586.1
3,458.8
1,101.8
2,357.0

Addenda:
Private goods-producing industries1……………………………………………………… 7,884.4 8,193.2 7,873.5 7,803.8 7,883.1 7,977.1 8,086.7 8,131.3 8,282.1 8,272.6 8,290.1
Private services-producing industries2…………………………………………………… 17,376.2 18,038.5 17,178.9 17,242.5 17,412.2 17,671.3 17,701.1 17,927.7 18,094.9 18,430.3 18,461.5
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and
business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except
government.
Source: U.S. Bureau of Economic Analysis