Many sectors helped fuel the U.S. economy’s growth after the economic downturn following the COVID-19 pandemic. Five industries that have impacted gross domestic product (GDP) are expected to grow in 2025, based on data from the Bureau of Labor Statistics, the Bureau of Economic Analysis, and industry perspectives.
Health Care
The Bureau of Labor Statistics (BLS) expects healthcare and social assistance jobs to grow 1% annually through 2033. Employment will be driven by both the aging population and an increase in chronic conditions, such as heart disease, cancer, and diabetes. In 2024, healthcare spending represented 17.7% of the GDP.
According to the Deloitte U.S. Center for Health Solutions, in 2025, more health providers will utilize technologies that incorporate artificial intelligence, machine learning, predictive analytics, and cloud computing to improve efficiency and productivity.
Real Estate
In 2024, the real estate industry accounted for 13.8% of the GDP. This sector includes residential investment in new single-family and multifamily structures, remodeling, manufactured homes, and brokers’ fees. Figures include housing services like rent and utilities.
Industry analysts believe investors and developers will see an upturn in industry trends as post-pandemic hiccups lead to growth in 2025. Investment in the sector and vehicles like REITs may prove favorable as supply and demand level off and financing costs decline. The Federal Reserve is expected to maintain lower interest rates or reduce them as needed.
Technology
The technology sector contributed nearly $2 trillion to the U.S. GDP in 2024, accounting for approximately 8.9%. According to the Bureau of Labor Statistics, professional, scientific, and technical services jobs are expected to increase by 10.5% from 2023 to 2033.
Computer systems design and related services may show the fastest employment growth, 19.5% over ten years. Increased cybersecurity needs and advanced technologies like artificial intelligence(AI) spur growth in the tech sector.
Finance and Insurance
This sector includes entities that engage in financial transactions, issue securities, acquire financial assets through loans, or channel funds to borrowers. The industry encompasses those who pool risk through underwriting insurance and annuities. The finance and insurance sector accounted for 7.4% of the GDP in 2024.
Accountants and auditors are two occupations with expected high growth from 2023 through 2033, according to the BLS.
Construction
Construction includes residential and nonresidential builders, contractors, and civil engineers. According to the Bureau of Labor Statistics, construction and extraction occupations are projected to grow by more than 5% from 2023 to 2033.
The gross output for this industry was $2.2 trillion in 2024, contributing 4.5% to the U.S. GDP. Builders plan to construct 13.8% more homes in 2025 than in 2024.
What Occupation Is Projected To Show the Most Growth?
According to the Bureau of Labor Statistics, jobs for data scientists are expected to increase by 42% between 2023 and 2033.
What Factors Contribute to Economic Growth in the U.S.?
Increases in capital goods, labor force, technology, and human capital may all contribute to economic growth.
How Is Economic Growth Measured In the U.S.?
Economic growth figures commonly rely on measures of production of economic goods and services in one period compared with a previous period. Traditionally, aggregate economic growth is measured by gross national product (GNP) or gross domestic product (GDP)
The Bottom Line
The IT industry, real estate, and healthcare are leading sectors in the U.S. economy. Analysts use indicators like employment statistics and GDP to determine which industries drive growth in the United States.
