Top 10 Largest Industries in the World That Drive Economy


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2. Global Tourism. 2024-2025 Revenue Growth: 11.6%. The industry will increase at a CAGR of 0.8% to $2.3 trillion over the five years to 2023, including a growth of 13.9% in 2023 alone. Global tourism has performed well during most of the five-year period, with emerging economies stimulating growth.


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Forestry. The BLS data projects employment in this industry to grow by 43.7% through 2029. This industry represents activities related to the production cycle of growing and harvesting timber. It also includes organizations that collect other forest products, such as barks, fibers, truffles and gums.


Top 10 fastest growing industries during 20032012. Download Scientific Diagram

Oil Drives Growth for Guyana. Guyana (+26.6%), with a population of only 815,000, is expected to be the second fastest growing economy in 2024. Interestingly, it was the world's fastest growing economy last year, with a 62% increase in GDP, and is likely to claim that title again in 2023 with expected growth of 37%.


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Of the 38 OECD countries, GDP growth was highest in India, Saudi Arabia and France between Q2 and Q3 2021. Image: OECD. India, Saudi Arabia, France and Turkey are leading the bounceback from COVID-19 across the G20 forum of the world's major economies, according to new data. The Organisation for Economic Co-operation and Development (OECD), a.


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Oil and Gas E&P is one of the fastest growing industry in the world. Dominated by players like Exxon Mobil Corp (NYSE: XOM ) and Saudi Aramco, the oil and gas exploration and production industry.


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The fastest growing positions in this field include computer support specialists, aka the help desk. The information technology (IT) industry employs people who test, assess, and maintain hardware.


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AI is expected to be one of the fastest-growing industries of 2023, already valued at $328.34 billion. AI has begun to revolutionize many industries, such as healthcare, finance and transportation.


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Global Fastest Growing Industries by Exports in 2024. 1. Global Biotechnology. Growth in Exports for 2024: 9.6%. Explosive growth in biotechnology in recent years can't be understated. What's fueling this rapid growth varies, as biotech's applications range from healthcare and agriculture to energy. COVID-19 brought more attention to.


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Investors with a long-term view can consider investments in these high potential areas. Propelled by market trends, the fastest growing industries fall within three broader sectors: Technology. Healthcare. Energy. By looking to the future, investors may be able to capitalize on industries poised for growth.


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Fastest Growing Industries in the US in 2024. 1. Fruit & Nut Farming in the US. 2024-2025 Revenue Growth: 28.1%. The industry produces a variety of non-citrus fruits and tree nuts for sale to fresh, processing and export markets. Although this industry has benefited from increased demand from wineries and exports, downward pressure due to.


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Methodology. The FT Americas' Fastest-Growing Companies 2023 is a list of the 500 companies in the Americas that have the highest growth in publicly disclosed revenues between 2018 and 2021. The.


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This article features data on 10 booming industries to watch in the U.S. in 2024, but you may be interested to learn about a few other top contenders that have an annual growth rate above 6%. These include quite a variety: medical services, data processing and hosting, corrugated boxes used in e-commerce, US music production, and farm tractors.


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Ranked: Fastest Growing Industries By Employment Change. Event Promoters, Agents, and Managers top the list of fastest growing industries, with an impressive predicted growth of 39%, employing over 180,000 workers by 2031.. Amusement Parks and Arcades follows close behind, with an expected 38% increase—adding over 60,000 new employees—in the same time period.


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Five out of the 20 industries projected to grow the fastest from 2019 to 2029 are in healthcare and social assistance, the fastest growing industry in the economy. Factors that are expected to contribute to the large increase include increased demand from caring for the aging baby-boom population, longer life expectancies, and continued growth.


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Fastest-Growing Industries. These are the industries that are projected to grow the fastest from 2022 to 2032. Select any industry to see a full report on the industry from the Bureau of Labor Statistics. We found 194 growing industries in United States.


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Answer: Utah, California, and Washington are the states hosting the fastest-growing sectors like information technology or digital communication. Meanwhile, the management industry thrives in Texas and Florida. New York provides robust career pathways across retail trade, education, manufacturing, and finance industries.