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Matthew Sigel: Government is largest sector in 19 U.S. states in 2025 BEA data

Matthew Sigel: Government is largest sector in 19 U.S. states in 2025 BEA data
Government tops sector list in 19 states

Matthew Sigel shared insights from a trivia game played with a 13-year-old, focusing on the largest economic sector in each U.S. state.

After verifying their guesses with data, Sigel found that government is the top economic sector in 19 out of 50 states, accounting for 38%. This analysis excluded real estate and was based on Bureau of Economic Analysis (BEA) 2025 GDP data.

Sigel has previously commented on sector comparisons in financial markets. He discussed BTBT's move to create a new strategic asset company category, which allowed comparison with DATs and ETFs in a prior report. In another update, he noted BTDR's addition of over 7MW of homemade ASICS to Soluna's Dory Creek wind-powered data center in Texas, with revenue sharing between operators, as detailed here.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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