In 2022, the GDP of Alabama amounted to around 235.8 billion U.S. dollars. The finance, insurance, real estate, rental and leasing industry added the most value to the state GDP, bringing in 40.61 billion U.S. dollars. In the same year, the retail trade industry brought in 15.55 billion U.S. dollars in real value to Alabama's state GDP.
Real value added to the gross domestic product of Alabama in the United States in 2022, by industry
(in billion chained 2017 U.S. dollars)
Industry
Real value added in billion chained (2017) U.S. dollars
Finance, insurance, real estate, rental, and leasing
40.61
Manufacturing
38.25
Government and government enterprises
37.42
Professional and business services
26.69
Educational services, health care, and social assistance
19.42
Retail trade
15.55
Wholesale trade
12.81
Construction
9.78
Arts, entertainment, recreation, accommodation, and food services
Chained (2017) dollar series are calculated as the product of the chain-type quantity index and the 2017 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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BEA. (September 30, 2023). Real value added to the gross domestic product of Alabama in the United States in 2022, by industry (in billion chained 2017 U.S. dollars) [Graph]. In Statista. Retrieved July 13, 2024, from https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/
BEA. "Real value added to the gross domestic product of Alabama in the United States in 2022, by industry (in billion chained 2017 U.S. dollars)." Chart. September 30, 2023. Statista. Accessed July 13, 2024. https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/
BEA. (2023). Real value added to the gross domestic product of Alabama in the United States in 2022, by industry (in billion chained 2017 U.S. dollars). Statista. Statista Inc.. Accessed: July 13, 2024. https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product of Alabama in The United States in 2022, by Industry (in Billion Chained 2017 U.S. Dollars)." Statista, Statista Inc., 30 Sep 2023, https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/
BEA, Real value added to the gross domestic product of Alabama in the United States in 2022, by industry (in billion chained 2017 U.S. dollars) Statista, https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/ (last visited July 13, 2024)
Real value added to the gross domestic product of Alabama in the United States in 2022, by industry (in billion chained 2017 U.S. dollars) [Graph], BEA, September 30, 2023. [Online]. Available: https://www.statista.com/statistics/1064673/alabama-real-gdp-by-industry/