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Aggregates contribute $52.3 billion to U.S. GDP

Posted By Amanda Bayhi On November 22, 2013 @ 2:32 pm In Aggbeat Online,News | No Comments

(Photo: Kenji / Flickr) [1]

(Photo: Kenji / Flickr)

The aggregates sector contributes $52.3 billion each year to the real gross domestic product (GDP) in the U.S., according to a new report from the Society for Mining, Metallurgy and Exploration (SME).

The report, a technical briefing paper called “Industrial Minerals’ Impact on the U.S. Economy [2],” looks at the economic impact the industrial minerals sector has on the nation.

The paper points to industrial minerals as a fundamental part of the U.S. economy, adding that, of the $85.8 billion that non-metallic mining contributes annually, the industrial mineral sector brings in $33.5 billion and the aggregates sector brings in 52.3 billion.

According to the paper, total mining is responsible for $232 billion of U.S. GDP.

To read the entire paper, click here [2].

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[1] Image: http://www.aggman.com/files/2013/08/24413043_20449fb1b5_o.jpg

[2] Industrial Minerals’ Impact on the U.S. Economy: http://www.smenet.org/docs/public/Industrial%20minerals%20impact%20on%20the%20US%20economy.pdf

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