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Size of the US Funds, Trusts, and Other Financial Vehicles industry

NAICS 525, Funds, Trusts, and Other Financial Vehicles. Every figure on this page was published by a federal statistical agency and carries its source and period. Palanor does not estimate: a period the agency didn’t publish shows as missing, and a figure it withheld shows as withheld.

Key figures

Value added (GDP by industry)
$39.2 billion
2025 · GDP by Industry
Current dollars
Employment
36,345
2026-Q1 · Quarterly Census of Employment and Wages
Private-sector jobs in the third month of each quarter
Establishments
10,566
2026-Q1 · Quarterly Census of Employment and Wages
Private ownership
Annual payroll
$1.7 billion
2023 · County Business Patterns

Over time

Value added, seasonally adjusted annual rate · GDP by IndustryLatest $45.1 billion · 2026-Q1
2005-Q1: $18.5 billion2005-Q2: $19.0 billion2005-Q3: $19.8 billion2005-Q4: $20.3 billion2006-Q1: $21.0 billion2006-Q2: $20.3 billion2006-Q3: $18.8 billion2006-Q4: $16.7 billion2007-Q1: $13.3 billion2007-Q2: $10.9 billion2007-Q3: $9.3 billion2007-Q4: $8.3 billion2008-Q1: $9.5 billion2008-Q2: $7.9 billion2008-Q3: $5.5 billion2008-Q4: $3.0 billion2009-Q1: $988.0 million2009-Q2: $502.0 million2009-Q3: $1.6 billion2009-Q4: $4.5 billion2010-Q1: $3.4 billion2010-Q2: $4.0 billion2010-Q3: $4.0 billion2010-Q4: $3.0 billion2011-Q1: $1.1 billion2011-Q2: $1.1 billion2011-Q3: $2.1 billion2011-Q4: $4.2 billion2012-Q1: $8.2 billion2012-Q2: $10.0 billion2012-Q3: $11.4 billion2012-Q4: $10.6 billion2013-Q1: $8.5 billion2013-Q2: $7.9 billion2013-Q3: $8.1 billion2013-Q4: $9.4 billion2014-Q1: $10.6 billion2014-Q2: $12.4 billion2014-Q3: $12.3 billion2014-Q4: $11.2 billion2015-Q1: $9.8 billion2015-Q2: $8.9 billion2015-Q3: $7.6 billion2015-Q4: $7.1 billion2016-Q1: $6.9 billion2016-Q2: $7.3 billion2016-Q3: $7.6 billion2016-Q4: $7.9 billion2017-Q1: $8.0 billion2017-Q2: $7.5 billion2017-Q3: $7.1 billion2017-Q4: $4.7 billion2018-Q1: $2.1 billion2018-Q2: $655.0 million2018-Q3: $524.0 million2018-Q4: $614.0 million2019-Q1: $2.2 billion2019-Q2: $2.4 billion2019-Q3: $1.9 billion2019-Q4: $511.0 million2020-Q1: $401.0 million2020-Q2: $132.0 million2020-Q3: $184.0 million2020-Q4: $3.7 billion2021-Q1: $15.1 billion2021-Q2: $25.5 billion2021-Q3: $25.8 billion2021-Q4: $23.9 billion2022-Q1: $17.1 billion2022-Q2: $15.9 billion2022-Q3: $16.8 billion2022-Q4: $18.4 billion2023-Q1: $20.5 billion2023-Q2: $22.4 billion2023-Q3: $23.0 billion2023-Q4: $23.9 billion2024-Q1: $23.7 billion2024-Q2: $25.0 billion2024-Q3: $29.8 billion2024-Q4: $33.4 billion2025-Q1: $34.3 billion2025-Q2: $37.3 billion2025-Q3: $41.3 billion2025-Q4: $43.7 billion2026-Q1: $45.1 billion
Show the numbers
PeriodValue
2026-Q1$45.1 billion
2025-Q4$43.7 billion
2025-Q3$41.3 billion
2025-Q2$37.3 billion
2025-Q1$34.3 billion
2024-Q4$33.4 billion
2024-Q3$29.8 billion
2024-Q2$25.0 billion
2024-Q1$23.7 billion
2023-Q4$23.9 billion
2023-Q3$23.0 billion
2023-Q2$22.4 billion
2023-Q1$20.5 billion
2022-Q4$18.4 billion
2022-Q3$16.8 billion
2022-Q2$15.9 billion
2022-Q1$17.1 billion
2021-Q4$23.9 billion
2021-Q3$25.8 billion
2021-Q2$25.5 billion
2021-Q1$15.1 billion
2020-Q4$3.7 billion
2020-Q3$184.0 million
2020-Q2$132.0 million
2020-Q1$401.0 million
2019-Q4$511.0 million
2019-Q3$1.9 billion
2019-Q2$2.4 billion
2019-Q1$2.2 billion
2018-Q4$614.0 million
2018-Q3$524.0 million
2018-Q2$655.0 million
2018-Q1$2.1 billion
2017-Q4$4.7 billion
2017-Q3$7.1 billion
2017-Q2$7.5 billion
2017-Q1$8.0 billion
2016-Q4$7.9 billion
2016-Q3$7.6 billion
2016-Q2$7.3 billion
2016-Q1$6.9 billion
2015-Q4$7.1 billion
2015-Q3$7.6 billion
2015-Q2$8.9 billion
2015-Q1$9.8 billion
2014-Q4$11.2 billion
2014-Q3$12.3 billion
2014-Q2$12.4 billion
2014-Q1$10.6 billion
2013-Q4$9.4 billion
2013-Q3$8.1 billion
2013-Q2$7.9 billion
2013-Q1$8.5 billion
2012-Q4$10.6 billion
2012-Q3$11.4 billion
2012-Q2$10.0 billion
2012-Q1$8.2 billion
2011-Q4$4.2 billion
2011-Q3$2.1 billion
2011-Q2$1.1 billion
2011-Q1$1.1 billion
2010-Q4$3.0 billion
2010-Q3$4.0 billion
2010-Q2$4.0 billion
2010-Q1$3.4 billion
2009-Q4$4.5 billion
2009-Q3$1.6 billion
2009-Q2$502.0 million
2009-Q1$988.0 million
2008-Q4$3.0 billion
2008-Q3$5.5 billion
2008-Q2$7.9 billion
2008-Q1$9.5 billion
2007-Q4$8.3 billion
2007-Q3$9.3 billion
2007-Q2$10.9 billion
2007-Q1$13.3 billion
2006-Q4$16.7 billion
2006-Q3$18.8 billion
2006-Q2$20.3 billion
2006-Q1$21.0 billion
2005-Q4$20.3 billion
2005-Q3$19.8 billion
2005-Q2$19.0 billion
2005-Q1$18.5 billion

Source: U.S. Bureau of Economic Analysis, GDP by Industry · Current dollars · Agency label: Funds, trusts, and other financial vehicles

Employment · Quarterly Census of Employment and WagesLatest 36,345 · 2026-Q1
2019-Q1: 16,0502019-Q2: 16,3732019-Q3: 16,3902019-Q4: 17,3852020-Q1: 17,6322020-Q2: 18,3272020-Q3: 18,3682020-Q4: 19,6602021-Q1: 20,1262021-Q2: 20,8942021-Q3: 21,5722021-Q4: 24,2422022-Q1: 25,5662022-Q2: 26,7342022-Q3: 26,9982022-Q4: 28,5312023-Q1: 29,1662023-Q2: 29,7452023-Q3: 30,1362023-Q4: 30,6252024-Q1: 30,8852024-Q2: 31,1332024-Q3: 31,5262024-Q4: 32,9612025-Q1: 32,9792025-Q2: 33,4392025-Q3: 33,6132025-Q4: 34,9782026-Q1: 36,345NAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q136,3452022
2025-Q434,9782022
2025-Q333,6132022
2025-Q233,4392022
2025-Q132,9792022
2024-Q432,9612022
2024-Q331,5262022
2024-Q231,1332022
2024-Q130,8852022
2023-Q430,6252022
2023-Q330,1362022
2023-Q229,7452022
2023-Q129,1662022
2022-Q428,5312022
2022-Q326,9982022
2022-Q226,7342022
2022-Q125,5662022
2021-Q424,2422017
2021-Q321,5722017
2021-Q220,8942017
2021-Q120,1262017
2020-Q419,6602017
2020-Q318,3682017
2020-Q218,3272017
2020-Q117,6322017
2019-Q417,3852017
2019-Q316,3902017
2019-Q216,3732017
2019-Q116,0502017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private-sector jobs in the third month of each quarter

Employment · County Business PatternsLatest 9,639 · 2023
2017: 3,9822018: 4,3252019: 7,6552020: 7,6732021: 7,9402022: 8,9872023: 9,639
Show the numbers
PeriodValue
20239,639
20228,987
20217,940
20207,673
20197,655
20184,325
20173,982

Source: U.S. Census Bureau, County Business Patterns · Paid employees in the pay period including March 12

Establishments · Quarterly Census of Employment and WagesLatest 10,566 · 2026-Q1
2019-Q1: 5,5042019-Q2: 5,6642019-Q3: 5,9782019-Q4: 6,2292020-Q1: 6,0992020-Q2: 6,2872020-Q3: 6,5452020-Q4: 6,9242021-Q1: 6,9412021-Q2: 7,2782021-Q3: 7,5622021-Q4: 8,2522022-Q1: 8,1692022-Q2: 8,5982022-Q3: 8,8422022-Q4: 9,2302023-Q1: 9,3402023-Q2: 9,3852023-Q3: 9,7572023-Q4: 10,0062024-Q1: 9,6602024-Q2: 10,1432024-Q3: 10,2082024-Q4: 10,4512025-Q1: 10,2232025-Q2: 10,4802025-Q3: 10,4872025-Q4: 10,5702026-Q1: 10,566NAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q110,5662022
2025-Q410,5702022
2025-Q310,4872022
2025-Q210,4802022
2025-Q110,2232022
2024-Q410,4512022
2024-Q310,2082022
2024-Q210,1432022
2024-Q19,6602022
2023-Q410,0062022
2023-Q39,7572022
2023-Q29,3852022
2023-Q19,3402022
2022-Q49,2302022
2022-Q38,8422022
2022-Q28,5982022
2022-Q18,1692022
2021-Q48,2522017
2021-Q37,5622017
2021-Q27,2782017
2021-Q16,9412017
2020-Q46,9242017
2020-Q36,5452017
2020-Q26,2872017
2020-Q16,0992017
2019-Q46,2292017
2019-Q35,9782017
2019-Q25,6642017
2019-Q15,5042017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership

Establishments · County Business PatternsLatest 2,006 · 2023
2017: 9392018: 1,0842019: 1,5262020: 1,7262021: 1,9042022: 1,9242023: 2,006
Show the numbers
PeriodValue
20232,006
20221,924
20211,904
20201,726
20191,526
20181,084
2017939

Source: U.S. Census Bureau, County Business Patterns

Total wages in the quarter · Quarterly Census of Employment and WagesLatest $3.2 billion · 2026-Q1
2019-Q1: $752.3 million2019-Q2: $511.8 million2019-Q3: $462.5 million2019-Q4: $709.3 million2020-Q1: $954.9 million2020-Q2: $580.0 million2020-Q3: $572.0 million2020-Q4: $843.6 million2021-Q1: $997.7 million2021-Q2: $707.5 million2021-Q3: $722.3 million2021-Q4: $1.1 billion2022-Q1: $1.5 billion2022-Q2: $909.9 million2022-Q3: $937.0 million2022-Q4: $1.4 billion2023-Q1: $1.8 billion2023-Q2: $1.1 billion2023-Q3: $1.0 billion2023-Q4: $1.5 billion2024-Q1: $2.0 billion2024-Q2: $1.2 billion2024-Q3: $1.2 billion2024-Q4: $1.6 billion2025-Q1: $2.4 billion2025-Q2: $1.4 billion2025-Q3: $1.3 billion2025-Q4: $1.9 billion2026-Q1: $3.2 billionNAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q1$3.2 billion2022
2025-Q4$1.9 billion2022
2025-Q3$1.3 billion2022
2025-Q2$1.4 billion2022
2025-Q1$2.4 billion2022
2024-Q4$1.6 billion2022
2024-Q3$1.2 billion2022
2024-Q2$1.2 billion2022
2024-Q1$2.0 billion2022
2023-Q4$1.5 billion2022
2023-Q3$1.0 billion2022
2023-Q2$1.1 billion2022
2023-Q1$1.8 billion2022
2022-Q4$1.4 billion2022
2022-Q3$937.0 million2022
2022-Q2$909.9 million2022
2022-Q1$1.5 billion2022
2021-Q4$1.1 billion2017
2021-Q3$722.3 million2017
2021-Q2$707.5 million2017
2021-Q1$997.7 million2017
2020-Q4$843.6 million2017
2020-Q3$572.0 million2017
2020-Q2$580.0 million2017
2020-Q1$954.9 million2017
2019-Q4$709.3 million2017
2019-Q3$462.5 million2017
2019-Q2$511.8 million2017
2019-Q1$752.3 million2017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership

Annual payroll · County Business PatternsLatest $1.7 billion · 2023
2017: $536.6 million2018: $669.0 million2019: $1.0 billion2020: $1.1 billion2021: $1.4 billion2022: $1.7 billion2023: $1.7 billion
Show the numbers
PeriodValue
2023$1.7 billion
2022$1.7 billion
2021$1.4 billion
2020$1.1 billion
2019$1.0 billion
2018$669.0 million
2017$536.6 million

Source: U.S. Census Bureau, County Business Patterns

The ledger

Every published measure

MeasureSourceLatestPeriodHistory
Value added (GDP by industry)Current dollarsGDP by Industry$39.2 billion20251997–2025 · 29 published
Value added, seasonally adjusted annual rateCurrent dollarsGDP by Industry$45.1 billion2026-Q12005-Q1–2026-Q1 · 85 published
EmploymentPrivate-sector jobs in the third month of each quarterQuarterly Census of Employment and Wages36,3452026-Q12019-Q1–2026-Q1 · 29 published
EstablishmentsPrivate ownershipQuarterly Census of Employment and Wages10,5662026-Q12019-Q1–2026-Q1 · 29 published
Total wages in the quarterPrivate ownershipQuarterly Census of Employment and Wages$3.2 billion2026-Q12019-Q1–2026-Q1 · 29 published
Annual payrollCounty Business Patterns$1.7 billion20232017–2023 · 7 published
EmploymentPaid employees in the pay period including March 12County Business Patterns9,63920232017–2023 · 7 published
EstablishmentsCounty Business Patterns2,00620232017–2023 · 7 published

Breakdown

Industries within Funds, Trusts, and Other Financial Vehicles

NAICSIndustrySizeEmployment
5251Insurance and Employee Benefit Funds—13,6892026-Q1 · QCEW
5259Other Investment Pools and Funds—22,6562026-Q1 · QCEW

Sources

Where every number comes from

Figures are in current dollars and are the agencies’ own, revised when they revise. Each program defines its universe differently (employer firms, private ownership, all establishments), so figures from different sources are not meant to add up. This page is not endorsed by the Census Bureau, BEA or BLS. The same data is in the Palanor API (/v1/industries) and the MCP (palanor_get_industry). All industries.