Indonesian Political, Business & Finance News

Not Factories or Oil Refineries, This is America's Biggest Money Machine

| Source: CNBC Translated from Indonesian | Economy
Not Factories or Oil Refineries, This is America's Biggest Money Machine
Image: CNBC

The United States economy is set to generate US$31.4 trillion, or approximately Rp 565,514 trillion, in 2025, making it the largest in the world. Interestingly, its primary driver is not car factories, oil refineries, or technology companies.

The finance, property, insurance, rental, and leasing sectors generated US$6.8 trillion last year, equivalent to 21.8% of the total US GDP. This value is even greater than the combined output of manufacturing and construction.

This means that more than one in every five dollars generated by the American economy comes from sectors related to capital, assets, and property.

A Giant Difficult to Chase

No other industry approaches the scale of the finance and property sector. In second place are professional and business services, contributing US$4.1 trillion or 13.1% of GDP. This category includes consulting, legal, accounting, engineering, and administrative services that support daily business activities.

Manufacturing ranks third with an added value of US$3 trillion, or 9.4% of GDP. Collectively, these three largest sectors generate more than US$13 trillion, representing approximately 44% of the American economy.

America is Increasingly a Service Economy

In 2025, the service industry group is expected to contribute around 73% of the US Gross Domestic Product (GDP). This contribution comes from finance, business services, trade, information, transport, as well as accommodation and food services.

Conversely, sectors traditionally identified with the traditional economy hold a much smaller share. Agriculture, forestry, fishing, and hunting contribute only US$260 billion or 0.8% of GDP, while mining contributes approximately US$370 billion or 1.2%.

Manufacturing Still Persists

Despite its shrinking share relative to services, manufacturing has not lost its role. In 2025, this sector is expected to generate US$3 trillion and remains the largest goods-based industry in America.

Its value still far exceeds that of agriculture or mining, reaffirming that physical production activities remain one of the world’s largest economic foundations. Construction also contributes significantly at US$1.3 trillion, while wholesale and retail trade combined generate nearly US$4 trillion.

The Government is Also an Economic Engine

If federal, state, and local government activities are combined, their contribution reaches approximately US$3.5 trillion or 11.1% of GDP. This value is larger than the manufacturing sector.

Beyond that, healthcare, education, and social assistance generate US$2.8 trillion, while the information sector—which includes software, telecommunications, media, and digital platforms—contributes US$1.8 trillion.

The New Face of the American Economy

For decades, the image of the American economy was synonymous with steel mills, car assembly lines, and industrial zones. Recent data shows a different picture.

The largest economic engine in America today is not the sector that produces goods, but rather the sector that manages capital, provides business services, processes information, and supports other economic activities.

View JSON | Print