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2020 Total Real GSP Growth -3.4% <br /> 12 Agriculture 5.8 2020 GSP SECTOR ANALYSIS 13 <br /> 0.1 Mining 4.4 <br /> 3.9 TWU- -1.9 <br /> Construction -2. The chart to the left presents the projected contributions of each major <br /> 3.4 economic sector to North Carolina's Gross State Product(GSP). The real <br /> Durables -9.3 (inflation-adjusted) growth rate for 2020 is forecast to decrease by 3.4 <br /> 8.0 percent. Projected real growth rates for each sector (displayed in black <br /> type) are plotted on the horizontal axis. Projected percentages of GSP <br /> contributed by each sector (displayed in green type) are plotted on the <br /> 9.6 Nondurables -0.8 vertical axis. The resulting rectangles show the expected weighted <br /> 00 importance of each sector's growth during 2020. All of the sector <br /> information presented in the table to the left is based on the new North <br /> American Industry Classification System(NAICS)definitions. <br /> 6.0 Wholesale Trade -0.6 <br /> Twelve of the state's fifteen economic sectors are forecast to experience <br /> 5.7 Retail Trade -3.7 output decreases during 2020. The sectors with the largest expected <br /> o declines are hospitality and leisure services with a projected real decrease <br /> c4.5 Information-1.7 of 33.9 percent, other services with a projected real decrease of 10.7 <br /> percent, durable goods manufacturing with a projected real decrease of <br /> y 9.3 percent, health services with a projected real decrease of 6.9 percent, <br /> 18.6 FIRE 0.3 and retail trade with a projected real decrease of 3.7 percent. <br /> a� <br /> a <br /> Seven other sectors are expected to experience GDP declines, but at <br /> levels less than the overall 3.4 percent GSP real decline. These sectors <br /> are construction with a projected real decrease of 2.0 percent; <br /> 13.6 B&P Services -1.1 transportation, warehousing, and utilities (TWU) with a projected real <br /> decrease of 1.9 percent; information with a projected real decrease of 1.7 <br /> percent;business and professional services with a projected real decrease <br /> 8.0 E&H Services -6.9 of 1.1 percent; nondurable goods manufacturing with a projected real <br /> decrease of 0.8 percent; government with a projected real decrease of 0.6 <br /> 2.4 H&L Services -33.9 percent; and wholesale trade with a projected real decrease of 0.6. <br /> 1.8 Other Services -10.7 <br /> Three sectors: Finance, insurance, and real estate (FIRE); agriculture; <br /> 13.3 Government -0.6 and mining are expected to experience growth in 2020. <br /> Percent of Real Sector Growth <br />