Services Sector Contribution to GDP in United States (1990-2022)

The United States has consistently maintained a high services sector contribution to GDP, reflecting its advanced, service-oriented economy. In 1997, services contributed 71.8% to GDP, and by 2000, this figure rose to 72.8%, with a slight uptick during the tech boom era. The early 2000s saw the sector’s contribution fluctuate slightly, peaking in 2009 at 76.5% during the global financial crisis, when manufacturing and other sectors faced significant downturns. Post-2009, the services sector remained a primary economic driver, stabilizing around 76% to 77% as the U.S. economy recovered. In 2020, amid the COVID-19 pandemic, services peaked again at 78.1% due to increased digitalization, healthcare, and financial services activity, with slight dips following as the economy adjusted post-pandemic. This consistent rise underscores the U.S. economy's reliance on services such as finance, healthcare, and information technology, reflecting both domestic demand and global competitiveness in these sectors.