With most people shifting their attention to the tech industry and neglecting the potential of other industries, it is important that we take a look at some of the biggest industries in the world in 2020.
With globalization playing a vital role in shaping industries, the progress of any nation is measured by the number of industries and its industrial development. They play very significant roles in the economic growth and stability of nations and this is why every country is setting up industries as they drive growth and stability. While some of the biggest industries in the world make up for the largest economic sectors of most countries, we will discuss the largest industries in the world presently.
To compile this list, a careful study and analysis into the revenue of these industries have been carried out by our expert team. This list is based on the biggest industries in the world based on revenue. It is not a list of some of the biggest industries in the US or UK, however, you can check for the largest industries in the US by revenue for 2017 here. One of the best ways to determine the value of an industry is to take a look at its global revenue for the year in study. This is exactly why this list is based on the revenue of these industries for the year 2020.
The revenue of these industries for the year 2020 gives us insight into how well these industries have grown in the past year and also predicts the future of these industries. With the global revenue of some of these industries like the Oil and Gas industry currently fluctuating, we have compiled this list based on their present revenue at the time of writing.