Industries with the fastest growing and most rapidly declining output

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Table 2.5 Industries with the fastest growing and most rapidly declining output, 2016–26

Industry Description

Sector

2012 NAICS

Billions of Chained 2009 Dollars

Change

Compound Annual Rate of Change

2016

2026

2016–26

2016–26

Fastest Growing

Other information services

Information

519

96.0

167.7

71.7

5.7

Satellite, telecommunications resellers, and all other telecommunications

Information

5174, 5179

41.3

68.9

27.6

5.3

Software publishers

Information

5112

225.0

339.5

114.4

4.2

Offices of physicians

Health care and social assistance

6211

481.7

689.4

207.8

3.7

Museums, historical sites, and similar institutions

Leisure and hospitality

712

14.9

21.1

6.2

3.6

Offices of other health practitioners

Health care and social assistance

6213

93.2

130.3

37.2

3.4

Hospitals

Health care and social assistance

622

710.4

973.6

263.2

3.2

Other ambulatory health care services

Health care and social assistance

6219

40.3

55.3

14.9

3.2

Medical and diagnostic laboratories

Health care and social assistance

6215

50.5

69.0

18.5

3.2

Oil and gas extraction

Mining

211

355.1

483.1

128.0

3.1

Agriculture, construction, and mining machinery manufacturing

Manufacturing

3331

102.1

138.9

36.8

3.1

Home health care services

Health care and social assistance

6216

76.1

103.0

26.9

3.1

Computer systems design and related services

Professional and business services

5415

356.4

481.5

125.1

3.1

Wireless telecommunications carriers (except satellite)

Information

5172

324.1

435.0

111.0

3.0

Medical equipment and supplies manufacturing

Manufacturing

3391

95.9

128.4

32.5

3.0

Nursing and residential care facilities

Health care and social assistance

623

205.3

274.7

69.4

3.0

Lessors of nonfinancial intangible assets (except copyrighted works)

Financial activities

533

164.9

220.5

55.6

3.0

Data processing, hosting, and related services

Information

518

128.6

172.0

43.4

3.0

All other retail

Retail trade

442-4, 446-8, 451, 453-4

855.1

1,138.6

283.5

2.9

Architectural, engineering, and related services

Professional and business services

5413

258.7

339.4

80.7

2.8

Most Rapidly Declining

Postal Service

Federal government

491

58.7

49.5

-9.2

-1.7

Tobacco manufacturing

Manufacturing

3122

35.6

30.9

-4.7

-1.4

Textile mills and textile product mills

Manufacturing

313, 314

48.7

44.2

-4.5

-1.0

Newspaper, periodical, book, and directory publishers

Information

5111

99.0

90.7

-8.3

-0.9

Federal defense government compensation

Federal government

NA

215.1

202.6

-12.6

-0.6

Federal defense government consumption of fixed capital

Federal government

NA

145.2

136.7

-8.5

-0.6

Apparel, leather and allied product manufacturing

Manufacturing

315, 316

29.7

28.3

-1.4

-0.5

Federal defense government except compensation and consumption of fixed capital

Federal government

NA

230.3

223.1

-7.3

-0.3

Hardware manufacturing

Manufacturing

3325

7.4

7.3

-0.1

-0.1

Source: Employment Projections program, U.S. Bureau of Labor Statistics

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Last Modified Date: October 24, 2017