11 Largest Industries in the US by Revenue

1. Housing

Gross Output: $2,010.66 Billion

Last but not least, is Housing, which is part of the real estate sector and the real estate and rental and leasing supersector. The gross output of the housing industry registered growth of 4.76% during 2016. There are over 135 million housing units in the U.S, with 560,000 houses sold last year and the homeownership rate currently stands at 63.7%. The iShares Dow Jones US Home Const. (ETF) (BATS:ITB) provides exposure to the homebuilding industry, including companies engaged in the construction of houses as well as companies related to housing like Home Depot Inc (NYSE:HD).

Copyright: denphumi / 123RF Stock Photo

These are the 11 largest industries in the US by revenue as measured by their gross output. The industries included in this list are only private industries, but some government industries also have substantial gross output, like the general government, whose output stands at $2.18 trillion. The total gross output of private goods-producing industries amounts to $7.99 trillion, while the output of private services-producing industries stands at a whooping $20.60 trillion. The gross output of information communications technology-producing industries, which includes companies specialized in computer and electronic product manufacturing, software publishers, data processing, internet publishing and other companies amounts to around $1.83 trillion as of 2015, according to the Bureau of Economic Analysis.

Disclosure: None