While total GDP includes consumer spending, business spending, government spending, and international trade, the contributions to GDP vary widely by sector.
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In 2021, real estate alone accounted for more than 11% of US GDP, accounting for more than $2.6 trillion in economic activity. The second largest sector was finance and insurance, which accounted for 8.4% of US GDP, while state and local government spending was not far off, in third place, accounting for 8. 3% of GDP. Non-durable goods manufacturing contributed the least of all industry groups, but still accounted for 4.7 percent of US GDP.
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