Industries with the largest output growth and declines

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 Table 2.6 Industries with the largest output growth and declines

Industry Description

Sector

2017 NAICS

Billions of Chained 2012 Dollars

Change

Compound Annual Rate of Change

2018

2028

2018 - 2028

2018 - 2028

Largest Growth

Wholesale trade

Wholesale trade

42

1,845.9

2,405.8

559.9

2.7

Real estate

Financial activities

531

1,565.1

1,983.1

418.0

2.4

Hospitals

Health care and social assistance

622

870.7

1,166.0

295.3

3.0

All other retail

Retail trade

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

979.6

1,239.8

260.2

2.4

Oil and gas extraction

Mining

211

466.0

692.0

226.0

4.0

Monetary authorities, credit intermediation, and related activities

Financial activities

521, 522

667.9

875.4

207.5

2.7

Offices of physicians

Health care and social assistance

6211

526.3

722.6

196.3

3.2

Petroleum and coal products manufacturing

Manufacturing

324

855.7

1,035.9

180.2

1.9

Computer systems design and related services

Professional and business services

5415

497.8

671.9

174.1

3.0

Software publishers

Information

5112

240.0

410.1

170.1

5.5

Insurance carriers

Financial activities

5241

713.2

878.9

165.7

2.1

Construction

Construction

23

1,427.3

1,581.1

153.9

1.0

State and Local government except compensation and consumption of fixed capital

State and local government

NA

790.5

943.4

152.9

1.8

Food services and drinking places

Leisure and hospitality

722

737.8

866.7

128.9

1.6

Motor vehicle manufacturing

Manufacturing

3361

360.0

484.0

124.0

3.0

Wireless telecommunications carriers (except satellite)

Information

517312

358.9

479.2

120.3

2.9

Securities, commodity contracts, fund, trusts and other financial investments and vehicles and related activities

Financial activities

523, 525

572.7

677.0

104.3

1.7

Wired telecommunications carriers

Information

517311

345.8

434.4

88.6

2.3

Employment services

Professional and business services

5613

329.8

417.6

87.8

2.4

Management, scientific, and technical consulting services

Professional and business services

5416

322.7

408.6

85.9

2.4

Largest Declines

Tobacco manufacturing

Manufacturing

3122

47.5

32.9

-14.6

-3.6

Postal Service

Federal government

491

51.5

43.3

-8.2

-1.7

Federal defense government compensation

Federal government

NA

231.4

224.0

-7.4

-0.3

Federal non-defense government compensation

Federal government

NA

159.6

154.4

-5.2

-0.3

Federal defense government consumption of fixed capital

Federal government

NA

151.1

146.3

-4.9

-0.3

Federal defense government except compensation and consumption of fixed capital

Federal government

NA

249.3

245.5

-3.8

-0.2

Federal non-defense government consumption of fixed capital

Federal government

NA

106.5

103.0

-3.5

-0.3

State government, other compensation

State and local government

NA

166.8

164.9

-1.9

-0.1

Hardware manufacturing

Manufacturing

3325

7.4

6.4

-1.0

-1.4

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Last Modified Date: September 4, 2019