In 2023, the GDP of Utah totaled around 225.46 billion U.S. dollars. The finance, insurance, real estate, rental, and leasing industry added the most real value to the gross domestic (GDP) product of the state, amounting to around 47.4 billion U.S. dollars. Comparatively, the construction industry contributed around 14.83 billion U.S. dollars of value to the state's GDP.
Real value added to the gross domestic product of Utah in the United States in 2023, 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
47.4
Professional and business services
31.23
Government and government enterprises
24.71
Manufacturing
24
Educational services, health care, and social assistance
16.34
Retail trade
15.89
Information
14.9
Construction
14.83
Wholesale trade
9.54
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 27, 2024). Real value added to the gross domestic product of Utah in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1065228/utah-real-gdp-by-industry/
BEA. "Real value added to the gross domestic product of Utah in the United States in 2023, by industry (in billion chained 2017 U.S. dollars)." Chart. September 27, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1065228/utah-real-gdp-by-industry/
BEA. (2024). Real value added to the gross domestic product of Utah in the United States in 2023, by industry (in billion chained 2017 U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1065228/utah-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product of Utah in The United States in 2023, by Industry (in Billion Chained 2017 U.S. Dollars)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/statistics/1065228/utah-real-gdp-by-industry/
BEA, Real value added to the gross domestic product of Utah in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) Statista, https://www.statista.com/statistics/1065228/utah-real-gdp-by-industry/ (last visited November 22, 2024)
Real value added to the gross domestic product of Utah in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) [Graph], BEA, September 27, 2024. [Online]. Available: https://www.statista.com/statistics/1065228/utah-real-gdp-by-industry/
