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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

Industry Description

Sector

2017 NAICS

Billions of Chained 2012 Dollars

Change

Compound Annual Rate of Change

2019

2029

2019 - 2029

2019 - 2029

Fastest Growing

Software publishers

Information

5112

236.4

378.1

141.7

4.8

Other information services

Information

519

242.5

365.0

122.5

4.2

Oil and gas extraction

Mining

211

474.3

659.6

185.3

3.4

Computer systems design and related services

Professional and business services

5415

518.2

712.4

194.3

3.2

Outpatient care centers

Health care and social assistance

6214

122.3

167.6

45.3

3.2

Data processing, hosting, and related services

Information

518

235.9

322.4

86.4

3.2

Offices of physicians

Health care and social assistance

6211

541.1

738.6

197.5

3.2

Other ambulatory health care services

Health care and social assistance

6219

39.0

53.1

14.1

3.1

Medical and diagnostic laboratories

Health care and social assistance

6215

70.6

96.0

25.4

3.1

Offices of other health practitioners

Health care and social assistance

6213

110.9

150.7

39.8

3.1

Home health care services

Health care and social assistance

6216

85.2

114.5

29.4

3.0

Hospitals

Health care and social assistance

622

894.4

1,192.5

298.1

2.9

Individual and family services

Health care and social assistance

6241

99.6

132.8

33.2

2.9

Nursing and residential care facilities

Health care and social assistance

623

227.4

302.3

74.9

2.9

All other retail

Retail trade

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

1,003.3

1,331.6

328.3

2.9

Support activities for mining

Mining

213

82.3

109.0

26.8

2.9

Computer and peripheral equipment manufacturing, excluding digital camera manufacturing

Manufacturing

3341

56.0

72.9

16.9

2.7

Museums, historical sites, and similar institutions

Leisure and hospitality

712

17.2

22.4

5.2

2.7

Community and vocational rehabilitation services

Health care and social assistance

6242, 6243

47.9

62.3

14.4

2.7

Wholesale trade

Wholesale trade

42

1,885.8

2,440.7

554.9

2.6

Most Rapidly Declining

Tobacco manufacturing

Manufacturing

3122

47.3

38.3

-9.0

-2.1

Alumina and aluminum production and processing

Manufacturing

3313

32.0

29.3

-2.6

-0.9

Postal Service

Federal government

491

53.5

49.3

-4.3

-0.8

Textile mills and textile product mills

Manufacturing

313,314

52.8

50.3

-2.6

-0.5

Federal defense government consumption of fixed capital

Federal government

NA

152.0

147.5

-4.5

-0.3

Federal defense government compensation

Federal government

NA

234.0

227.1

-7.0

-0.3

Coal mining

Mining

2121

44.8

43.8

-1.0

-0.2

Federal non-defense government compensation

Federal government

NA

158.8

157.5

-1.3

-0.1

Federal non-defense government consumption of fixed capital

Federal government

NA

108.5

107.6

-0.9

-0.1

Federal defense government except compensation and consumption of fixed capital

Federal government

NA

247.3

246.0

-1.3

-0.1

SOURCE: U.S. Bureau of Labor Statistics

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Last Modified Date: September 1, 2020