Private services account for 70% of US GDP, totaling $19.5 trillion in 2023. US private nonfarm payroll reached 134.1 million workers, or 84% of all nonfarm employment. Output growth was also uneven, with US private goods-producing industries rising 2.3% in 2023.
Key Takeaways
- US private goods-producing industries output grew 2.3% in 2023
- In 2023, private nonfarm payroll employment in the US reached 134.1 million workers, representing 84% of total nonfarm employment
- US private R&D spending reached $602 billion in 2022, 80% of total R&D
- US private industry labor productivity grew 1.7% in 2023, adjusted for inflation
- Private sector turnover in the US reached $47.8 trillion in 2022, 88% of GDP
- US private industry injury rate was 1.2 cases per 100 full-time workers in 2022
Private industry employment and output grew steadily, signaling resilient demand and strong economic momentum.
Related reading
01 · Category
Economic Contribution10 stats
01
US private goods-producing industries output grew 2.3% in 2023
02
Private services contributed 70% to US GDP at $19.5 trillion in 2023
03
EU private industry tax contributions were €2.1 trillion in 2022
04
UK private firms paid £220 billion in corporation tax in FY2023
05
India private sector FDI inflows reached $70 billion in FY2023
06
China private enterprises exports hit $3.6 trillion in 2023, 55% of total
07
Brazil private manufacturing exports were $120 billion in 2022
08
Global private industry market cap reached $100 trillion in 2023
09
US private nonresidential investment was $3.8 trillion in 2023
10
Private capital expenditures in US manufacturing $250 billion in 2023
Interpretation
Economic Contribution Interpretation
Economic contribution is being driven largely by the private sector’s scale across regions, with private services alone reaching $19.5 trillion in 2023 in the US and China’s private enterprises accounting for $3.6 trillion in exports, which makes up 55% of the total.
02 · Category
Employment20 stats
01
In 2023, private nonfarm payroll employment in the US reached 134.1 million workers, representing 84% of total nonfarm employment
02
Private industry accounted for 128.9 million jobs in the US as of December 2023, excluding government sectors
03
The average private sector wage in the US was $1,368per week in Q4 2023, up 4.1% from the previous year
04
Private service-providing industries employed 109.2 million people in the US in 2023, comprising 85% of private jobs
05
Manufacturing sector within private industry had 12.9 million employees in the US in 2023, down 0.2% year-over-year
06
In the EU, private enterprises employed 173 million people in 2022, 86% of total employment
07
UK private sector employment stood at 32.7 million in 2023, with 75% in services
08
India's private sector formal employment grew to 9.2 million in 2023, up 15% from 2022
09
China's private enterprises employed 480 million urban workers in 2023, 85% of urban workforce
10
Brazil's private industry jobs totaled 38.5 million in 2022, 72% of formal employment
11
In 2023, private industry in the US had 6.3 million establishments
12
Private professional services employed 23.4 million in US 2023
13
Women comprised 47.2% of US private sector workforce in 2023
14
Private leisure/hospitality jobs totaled 16.1 million in US Dec 2023
15
Hispanic workers made up 19.1% of US private employment in 2023
16
Private education/health services grew by 400,000 jobs in US 2023
17
Over-55s represented 25.4% of private workforce US 2023
18
Private temp help services employed 2.8 million in US 2023
19
US private average hourly earnings $34.50in Dec 2023
20
Private sector union membership 5.9% in US 2023
Interpretation
Employment Interpretation
For the Employment category, private industry remains the dominant job engine with about 128.9 million jobs in the US in December 2023, which underscores its central role as private employment accounts for roughly 84% of total nonfarm employment.
03 · Category
Innovation20 stats
01
US private R&D spending reached $602 billion in 2022, 80% of total R&D
02
Private sector funded 69% of US business R&D at $485 billion in 2021
03
EU private enterprises invested €250 billion in R&D in 2022, 2.1% of GDP
04
UK private R&D expenditure was £50 billion in 2022, up 12% YoY
05
India private sector R&D spend grew to ₹1.1 lakh crore in FY2023
06
China's private firms accounted for 76% of business R&D at ¥2.5 trillion in 2022
07
Brazil private industry R&D investment was R$120 billion in 2022, 1.2% of GDP
08
Global private patents filed reached 3.4 million in 2023
09
US private firms secured 350,000 patents in 2023, 60% of total
10
Private software industry venture capital investment hit $150 billion globally in 2023
11
US business R&D intensity 3.5% of sales 2021 private
12
Private biotech firms raised $52 billion VC 2023 global
13
EU private innovation expenditure €350 billion 2022
14
UK private patents granted 20,000 to residents 2023
15
India private startups 110,000 total 2023 with R&D focus
16
China private AI patents 80,000 filed 2023
17
Brazil private cleantech investments R$15 billion 2022
18
Global private green patents 50,000 issued 2023
19
US private software patents 45,000 granted 2023
20
Private cybersecurity R&D $45 billion US 2023
Interpretation
Innovation Interpretation
Private industry is driving innovation growth worldwide, with US private R&D reaching $602 billion in 2022 and accounting for 80% of total R&D while EU enterprises invest €250 billion in 2022, showing that innovation is increasingly powered by businesses rather than public funding.
More related reading
04 · Category
Productivity20 stats
01
US private industry labor productivity grew 1.7% in 2023, adjusted for inflation
02
Multifactor productivity in US private nonfarm businesses rose 0.9% in 2022
03
EU private manufacturing productivity per hour worked was €38.5 in 2022, up 2.1%
04
UK's private services productivity index was 102.4 in 2023 (2019=100)
05
India private sector output per worker in manufacturing was ₹4.2 lakh in FY2023
06
China private industry total factor productivity growth was 2.3% in 2023
07
Brazil private non-agricultural productivity increased 1.8% in 2022
08
Global private tech firms' productivity grew 4.2% YoY in 2023
09
US private construction productivity fell 0.4% in 2023
10
Private wholesale trade productivity in US rose 2.1% in 2022
11
US private nonfarm business productivity up 2.7% Q4 2023
12
Unit labor costs in private industry fell 0.3% Q4 2023 US
13
Private business output per hour 1.5% growth 2023 US annual
14
UK whole economy private productivity 0.6% growth 2023
15
India manufacturing private TFP 3.1% growth FY2023
16
China industrial private productivity index 105.2 (2020=100) 2023
17
Brazil services private value added per worker up 2.4% 2022
18
Global manufacturing private labor productivity $28/hour 2023
19
US private durable goods mfg productivity 1.2% up 2022
20
Private nondurable goods productivity -0.5% US 2022
Interpretation
Productivity Interpretation
Across private industries, productivity gains were modest but broadly positive, with the US rising 1.7% in 2023 and China’s total factor productivity up 2.3% in 2023, while the EU showed faster improvement at a 2.1% increase in manufacturing productivity per hour in 2022.
05 · Category
Revenue20 stats
01
Private sector turnover in the US reached $47.8 trillion in 2022, 88% of GDP
02
US private nonfinancial corporate profits were $3.2 trillion in Q4 2023, up 8.5% YoY
03
Global private industry revenue from tech sector hit $5.3 trillion in 2023
04
EU private businesses generated €15.4 trillion in value added in 2022, 82% of GDP
05
UK's private sector GVA was £1.8 trillion in 2023, 93% of total economy
06
Private manufacturing revenue in India was ₹25 lakh crore in FY2023, up 12%
07
China's private firms contributed 60% of GDP worth ¥90 trillion in 2023
08
Brazil private services revenue reached R$4.5 trillion in 2022, 75% of GDP
09
US private retail trade sales totaled $7.1 trillion in 2023
10
Fortune 500 private companies had combined revenues of $18.1 trillion in 2023
11
US private corporate profits after tax $2.8 trillion Q3 2023
12
Private finance/insurance revenue $2.1 trillion US 2022
13
Global private pharma revenue $1.5 trillion in 2023
14
EU private construction turnover €1.7 trillion 2022
15
India IT private exports $194 billion FY2023
16
Private retail in China sales ¥47 trillion 2023
17
Brazil agribusiness private revenue R$2.7 trillion 2022
18
US private e-commerce sales $1.1 trillion 2023
19
Private energy sector revenue $4.2 trillion US 2022
20
S&P 500 private firms profits $2.4 trillion 2023
Interpretation
Revenue Interpretation
Private industry revenue is expanding across regions and sectors, with US private sector turnover at $47.8 trillion in 2022 and India’s private manufacturing revenue reaching ₹25 lakh crore in FY2023 up 12%, underscoring how growth in revenue remains a core driver of economic output worldwide.
06 · Category
Safety19 stats
01
US private industry injury rate was 1.2 cases per 100 full-time workers in 2022
02
Private manufacturing lost workdays totaled 512,000 per 10,000 workers in 2022 US
03
EU private sector fatal accidents numbered 3,347 in 2022, rate 1.7 per 100k workers
04
UK private industry illness absence was 2.3% of working hours in 2023
05
India private manufacturing injury rate was 0.8 per 1,000 workers in 2022
06
China private enterprises reported 1.2 million work injuries in 2022
07
Brazil private sector occupational accidents totaled 700,000 in 2022, rate 2.1 per 100 workers
08
US private construction DART rate was 1.3 incidents per 100 workers in 2022
09
Private trade/transport/utilities had 0.9 injury rate per 100 workers US 2022
10
US private total recordable cases 2.7 per 100 workers 2022
11
Private agriculture forestry fishing injury rate 4.6/100 US 2022
12
EU private services accidents 2.1 million 2022
13
UK private construction fatalities 29 in 2022/23
14
India private factories accidents 1,200 fatal 2022
15
China private manufacturing DAFWII 320 per 10k 2022
16
Brazil private mining accidents 200 fatal 2022
17
US private healthcare injury rate 5.5/100 2022
18
Private transportation warehousing 3.1 injury rate US 2022
19
Private financial activities 0.4 cases/100 US 2022
Interpretation
Safety Interpretation
Across private industry, safety outcomes remain uneven worldwide, with injury and accident measures ranging from an EU fatal accident rate of 1.7 per 100,000 workers in 2022 to China reporting 1.2 million work injuries in 2022, underscoring that the safety challenge is both persistent and highly variable by region.
report visual · Comparison
Private Industry Indicators (US & Global)
Private industry activity shows broad momentum across output, jobs, productivity, and innovation.
Private software industry venture capital investment hit $150 billion globally in 2023$150 billion
In 2023, private nonfarm payroll employment in the US reached 134.1 million workers, representing 84% of total nonfarm e84%
US private goods-producing industries output grew 2.3% in 20232.3%
US private industry labor productivity grew 1.7% in 2023, adjusted for inflation1.7%
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Elif Demirci. (2026, February 13). Private Industry Statistics. Gitnux. https://gitnux.org/private-industry-statistics
MLA
Elif Demirci. "Private Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/private-industry-statistics.
Chicago
Elif Demirci. 2026. "Private Industry Statistics." Gitnux. https://gitnux.org/private-industry-statistics.
Sources & references
40 datasets cited across this report · attribution is report-level