Business Roundtable Member Companies’ Contributions to the U.S. Economy

Business Roundtable commissioned IHS Markit (part of S&P Global) to study their members contributions to the U.S. economy in 2021. This study assessed five key economic metrics: jobs, sales activity, contribution to gross domestic product or gross state product, wages and taxes. The contributions were quantified on the national level plus all 50 states and Congressional districts.
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Breakdown
Economic
Indicator
Economic Contributions*
Direct
Indirect
Induced
Total
Percent of
U.S. Economy

Economic Contributions*

Direct

Indirect

Induced

Total

% of US Econony

Jobs
11.2M
17.1M
8.7M
37.0M
25.30%
Sales Activity
$5.4T
$3.0T
$1.6T
$10.0T
26.10%
GDP
$3.0T
$1.6T
$0.9T
$5.5T
24.00%
Wages
$1.9T
$1.1T
$0.5T
$3.5T
34.10%
* Indirect contributions were initiated when Business Roundtable members engaged their supplier and service networks. Induced contributions were initiated when Business Roundtable and supply chain workers spent large portions of their earnings in the U.S. economy. This, in turn, stimulated additional rounds of economic activity.
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