Understanding which industries are growing in 2021 tells us how our economy is transitioning and changing. What we want to see is improvement in certain industries that indicate that the economy is moving in a beneficial direction. In the article, '2021 U.S. GDP By Industry' by Andrew DePietro there is a discussion on a breakdown of leading industries...
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| GDP by Industry |
1.) Real Estate $4 trillion.
2.) Manufacturing $6.4 trillion
3.) Professional and business services $4.5 trillion.
The information is from the BEA which stands for the Bureau of Economic Analysis. See GDP 2nd Q.
The author includes a list of a number of industries.
I keep thinking about how this applies to Delta County Michigan and how they can capitalize on emerging trends so locals can attract jobs and enhance/enrich lifestyle (...not that its not great now!). For example, lets say the military & space industries are coming to the UP, there is an increase in manufacturing and in turn warehousing & shipping as well as a general trend toward new business development (i.e. design firms and custom manufacturing). It would make sense for rural areas with beneficial infrastructure like rail, ports, airport, highway, etc...to consider their potential place in it all. I been writing about this for a while but I will include a couple of articles to review Delta County Shipping and Attracting Start up Firms and 3Q Manufacturing Trend (Continuing on with this economic though experiment See Theory of Transactional Clusters.)
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