Apr 13, 2025
🤯 Breaking Down the World’s Largest Consumer Economy
Key Takeaways
- America’s consumer class spent nearly $19 trillion on goods and services in 2023.
- Housing & Utilities ($3.3T) and Health care (3.1T) were the top expenditure categories overall
- Americans spent the most money on groceries ($1.4T) in the goods category
The Service Economy
Services account for nearly 70% of America’s personal consumption expenditure.
This is matched by the supply side as well: nearly 80% of America’s jobs are in the service sector.
Dataset
| Expenditure | 2023 Personal Consumption Expenditure | Category |
|---|---|---|
| đź›’ Groceries & Takeout | $1.4T | Goods |
| đźš— Vehicles | $750B | Goods |
| đź“ş Appliances, Electronics, & Furniture | $480B | Goods |
| 🏕️ Recreational Vehicles & Goods | $636B | Goods |
| đź‘— Clothing & Footwear | $510B | Goods |
| â›˝ Gas | $467B | Goods |
| 📦 Other goods | $1.8T | Goods |
| 🏠Housing & Utilities | $3.3T | Services |
| đź©ş Health care | $3.1T | Services |
| đź’ł Financial services and Insurance | $1.4T | Services |
| 🍽️ Food & Accommodations | $1.4T | Services |
| 🎠Entertainment | $739B | Services |
| đźš• Transportation | $617B | Services |
| 🛠️ Other services | $2.1T | Services |
Data sources
Other services include the final consumption expenditure of nonprofits serving households. As of 2023. Figures rounded.
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