According to a Statista report, the US accounted for 15.98% of the world’s GDP in 2020. The US was not exempted from the economic recession brought by the coronavirus. And this economic uncertainty has affected almost every country in the world. In a report published by the International Monetary Fund (IMF), the world’s GDP was expected to contract by 8% in 2020. Amid the coronavirus crisis, global unemployment surged to 6.47% in 2020 according to the International Labor Organization (ILO). In March 2020, the World Health Organization (WHO) declared COVID-19 a global pandemic which did not only brought health crisis to millions of people who were infected by the virus but also pushed every nation into a pit of a financial crisis. The tech revolution has also create several new industries. As spending and wealth grows globally, the existing industries are expanding, while many are going extinct amid the swift evolution of the human society. In the past decade, we witnessed how the economy grew by the advancements in various industries especially technology, science and health, and manufacturing. The biggest industries in the world run the economy and create billions of jobs worldwide. Click to skip our analysis of the global industry trends, jump to the 5 Biggest Industries in the World in 2021. In this article, we are going to list the 10 Biggest Industries in the World in 2021.
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