Securities Industry - The US Economic Powerhouse with 20% of GDP

Financial activities generated $2.4 trillion in Gross Domestic Product in 2004 of $11.7 trillion U.S. Economy. (U.S. Bureau of Economic Analysis) 

  • or 20.6% of GDP (7.9% finance and insurance; 11.7% real estate) (U.S. Bureau of Economic Analysis) 
  • if it were a country it would be the 4th largest GDP in the world (IMF) 
  • a GDP slightly larger than China's and smaller than Germany's (IMF) 
  • Financial services contributed $927.4 billion in GDP or 7.9 percent of the U.S. total. (U.S. Bureau of Labor Statistics) 

More Facts:

  • Financial activities employment in 2005 averaged 8,141,000 - an all-time high. (U.S. Bureau of Labor Statistics (BLS) defines the financial activities sector as finance, insurance, real estate, rental and leasing.) 
  • The U.S. securities industry raised a record $3.2 trillion of capital for American business in 2005. (SIA Research Report Vol. VI, #12 ) 
  • During the last five years (2001-2005) the industry raised over $14 trillion for U.S. businesses - almost as much as had been raised during the 30-year period 1971-2000 ($14.2 trillion). (SIA Research Report Vol. VI, #12 ) 
  • The U.S. securities industry employs nearly 800,000 people (U.S. Bureau of Labor Statistics/SIA Research) ... the size of Jacksonville, Florida (777,704) or almost twice the size of Atlanta, Georgia (419,122). (U.S. Census) 
  • Half of all U.S. households (nearly 57 million) own stock. (2005 SIA/ICI report Equity Ownership In America) Nearly three times as many households own stock as tune in for American Idol. (Nielsen) 
  • One in three individuals own stock. (2005 SIA/ICI report Equity Ownership In America) Four times as many individuals (99 million) own stock as own an iPod (22 million). (Pew Internet and the American Life Project Survey) 
  • Ninety percent of equity investors own mutual funds and nearly half own individual stocks. (2005 SIA/ICI report Equity Ownership In America) 
  • Investors tend to be middle-aged, with moderate household incomes ($65 K) and financial assets ($125K). The "average" investor is married, 51 years old, college-educated, employed, and is saving for retirement. (2005 SIA/ICI report Equity Ownership In America) 
  • More than 75% of investors who hold equities outside employer-sponsored plans purchased them through professional financial advisers. (2005 SIA/ICI report Equity Ownership In America) 
  • 70% of the voting public has investments in the stock market - including mutual funds and retirement plans. (2000 Voter News Service Exit Polls) 

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