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Thursday, January 19, 2017 Contact: Jeannine Aversa, (301) 278-9003 Gross Domestic Product by Industry: Third Quarter 2016 Finance and Insurance Led Growth in the Third Quarter Finance and insurance; wholesale trade; and information services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2016. Overall, 20 of 22 industry groups contributed to the 3.5 percent increase in real GDP in the third quarter. Real GDP and Real Value Added by Sector Percent Change 5 4 3 2 1 0 -1 -2 -3 2015:Q3 2015:Q4 GDP Private Goods 2016:Q1 Private Services 2016:Q2 2016:Q3 Government U.S. Bureau of Economic Analysis Finance and insurance increased 9.0 percent in the third quarter, after decreasing 0.1 percent in the second quarter. Wholesale trade increased 8.3 percent, after increasing 1.0 percent. Information services increased 8.6 percent, after decreasing 0.2 percent. Percent Change Real Value Added by Industry 10 8 Wholesale trade 6 Retail trade 4 Information 2 0 Finance and insurance -2 -4 Durable goods manufacturing 2016:Q2 2016:Q3 Administrative and waste management services U.S. Bureau of Economic Analysis BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available.
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