SEIC data shows that as of June 2020, investments accounted for 20.1% of US nominal GDP. Across the US there are several profitable industries worth investing in at varying degrees of risk. However, some industries provide essential services that are always in demand, and experts consider it prudent to invest in these areas. With the US GDP economy set to rise to  $32 trillion in 2030, the country has a vibrant economy that supports several innovations and investments in businesses to help it remain the world’s largest economy.

Do you want to know more about which sectors are worth your investment? Here are four suggestions you should consider.

Real Estate

Real estate investments rank at the top of many lists of industries worth your investment. A study conducted by Zillow in 2020 revealed that the American housing market was worth a whopping $33.6 trillion, almost as much as the GDP of the world’s two largest economies. According to the College Investor, 90% of the world’s billionaires over the last two centuries owe their wealth to real estate. Real estate has been one of the investors’ favorite choices due to its stability, the potential for appreciation, and profit in the long-term. You should therefore consider investing in property, as it will always be in demand.

Food and Beverages

The food and beverage industry is perhaps the most essential in the world and a worthy investment option. Statista records the U.S.’s food retail and service sales industry exceeded $6 trillion. There is a steady global demand for food and other consumer staples, which tends to be less subject to small market fluctuations. The Food Tech Connect in 2018 revealed that entrepreneurs invested $1.45 billion into food and beverage start-ups in the US. Therefore, you should also consider the food business to reap good investment profits.

Telecommunications

Statista recorded the revenue generated by the U.S. telecommunications industry at about $610.4 billion in 2019. The country also has a reported 260 million smartphone users globally, making it the third-highest smartphone-using country globally. Telecommunications is key to the global economy irrespective of changes to the business cycle due to its services, wireless, and equipment. With the introduction of 5G technology, which is synonymous with trends like artificial intelligence and big data, many experts agree that 5G investments could propel the Telecom industry to the forefront of the next significant tech innovations.

Healthcare

In 2018 the US Centers for Medicare and Medicaid Services revealed that healthcare accounts for 17.7% of GDP, making it the most significant federal budget spending category. Owing to the fundamental nature of healthcare, it is an industry that is worth your investment. Many experts predict American health care spending with an aging population to continue rising due to increasing demand. Several pharmaceuticals and biotech prospects also signal profit for people investing in health care, making it a suitable investment option.