Question: What Is The World’s Largest Industry?

The World Travel and Tourism Council (WTTC) is a trade body that raises awareness of travel and tourism.

(Its Twitter bio reminds us that tourism is “one of the world’s largest industries.”) It provides a yearly assessment (pdf) of the tourism and travel industries based on the the standard satellite accounting system.

What are the 5 largest industries in the world?

  • ALCOHOL INDUSTRY – $1161 BILLION.
  • OPEC REVENUE – $1027 BILLION.
  • GLOBAL PHARMA MARKET – $950 BILLION.
  • APPLE – $500 BILLION.
  • WORLDWIDE TV INDUSTRY – $364 BILLION.
  • WALMART – $228 BILLION.
  • MICROSOFT – $224 BILLION.
  • EBAY – $175 BILLION.

What are the major industries in the world?

The major industries in this sector are agriculture, fishing, forestry and mining.

Major Industries in the Developing and Developed World

  1. Healthcare.
  2. Information Technology.
  3. Retail.
  4. Accounting.
  5. Financial Services and Banking.
  6. Education.
  7. Hospitality.

What is the biggest sector in the world?

Services Sector : Services sector is the largest sector of the world as 63 percent of total global wealth comes from services sector. United States is the largest producer of services sector with around 15.53 trillion USD.

What is the number 1 industry in the world?

List of largest companies by revenue

RankNameIndustry
1WalmartRetail
2SinopecOil and gas
3Royal Dutch ShellOil and gas
4China National PetroleumOil and gas

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Which industries will grow in future?

From biotechnology to artificial intelligence, we count down five of the fastest growing industries.

  • 1 – Renewable energy.
  • 2 – Cybersecurity.
  • 3 – Biotechnology.
  • 4 – Virtual reality.
  • 5 – Artificial intelligence.

What is the number 1 industry in America?

Which Are The Biggest Industries In The United States?

RankIndustry% of total GDP
1Real estate, renting, leasing13%
2State and Local Government9%
3Finance and insurance8%
4Health/social care8%

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What are the 3 biggest industries in the world?

  1. ALCOHOL INDUSTRY – $1161 BILLION.
  2. OPEC REVENUE – $1027 BILLION.
  3. GLOBAL PHARMA MARKET – $950 BILLION.
  4. APPLE – $500 BILLION.
  5. WORLDWIDE TV INDUSTRY – $364 BILLION.
  6. WALMART – $228 BILLION.
  7. MICROSOFT – $224 BILLION.
  8. EBAY – $175 BILLION.

What are the 4 types of industries?

There are four types of industry. These are primary, secondary, tertiary and quaternary. Primary industry involves getting raw materials e.g. mining, farming and fishing.

What industries will grow in 2020?

The 20 Fastest Growing Industries for 2020 and Beyond

  • Home Healthcare Services.
  • Outpatient Care Centers.
  • Individual and Family Services.
  • Other Information Services.
  • Offices of Health Practitioners.
  • Medical and Diagnostic Laboratories.
  • Computer Systems Design and Related Services.
  • Forestry.

Which industry is growing fast in world?

According to Statista, revenues from the AI market worldwide will be worth almost $9 billion by 2025. Construction: The construction industry is one of the fastest growing industries in the United States of America and the world.

What industry makes the most millionaires?

Source of wealth

RankIndustry% of billionaires
1TMT11.1%
2Real estate9.1%
3Manufacturing8.5%
4Investments8.3%

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What are largest illegal industries?

  1. The World’s Biggest Illicit Industries. Illicit businesses from drug smuggling to art theft and human trafficking are the dark sides of globalization that have generated huge profits and political instability.
  2. Drugs.
  3. Counterfeits.
  4. Illicit Arms Trafficking.
  5. Cigarettes.
  6. Cargo Theft.
  7. Human Trafficking.
  8. Stolen Oil.