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2020 Total Real GSP Growth -2.6% <br /> 1.2 Agriculture -8.2 2020 GSP SECTOR 12 <br /> 3.9 MT in -1.9 ANALYSIS <br /> 3.4 Construction -1.9 <br /> The chart to the left presents the projected contributions of each major <br /> 8.0 Durables -6.4 economic sector to North Carolina's Gross State Product(GSP). The real <br /> (inflation-adjusted) growth rate for 2020 is forecast to decrease by 2.6 <br /> percent. Projected real growth rates for each sector (displayed in black <br /> type) are plotted on the horizontal axis. Projected percentages of GSP <br /> 9.6 Nondurables 0.8 contributed by each sector (displayed in green type) are plotted on the <br /> 00 vertical axis. The resulting rectangles show the expected weighted <br /> importance of each sector's growth during 2020. All of the sector <br /> 6.0 Wholesale Trade 0.7 information presented in the table to the left is based on the new North <br /> American Industry Classification System(NAICS)definitions. <br /> 5.7 Retail Trade -1.9 <br /> c Twelve of the state's 15 economic sectors are forecast to experience <br /> [� 4.5 output decreases during 2020. The sectors with the largest expected <br /> Information -1.3 declines are hospitality and leisure services with a projected real <br /> 0 <br /> decrease of 27.6 percent, other services with a projected real decrease of <br /> a� 10.1 percent, agriculture with a projected real decrease of 8.2 percent, <br /> 18.6 FIRE 1.0 <br /> durable goods manufacturing with a projected real decrease of 6.4 <br /> a percent, and education and health services with a projected real decrease <br /> of 5.7 percent. <br /> Seven other sectors are expected to experience GDP declines, but at <br /> 13.6 B&P Services -0.9 levels less than the overall 2.6 percent GSP real decline. These sectors <br /> are construction with a projected real decrease of 1.9 percent; <br /> transportation, warehousing, and utilities (TWU) with a projected real <br /> g.0 E&H Services -5.7 decrease of 1.9 percent; retail trade with a projected real decrease of 1.9 <br /> percent; government with a projected real decrease of 1.6 percent; <br /> H&L Services - information with a projected real decrease of 1.3 percent; business and <br /> 1 Other Services -10..1 professional services with a projected real decrease of 0.9 percent; and <br /> mining with a projected real decrease of 0.4 percent. <br /> Government -1.6 <br /> Only three sectors: finance,insurance, and real estate (FIRE);nondurable <br /> goods manufacturing; and wholesale trade are expected to experience <br /> Percent of Real Sector Growth growth in 2020. <br />