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Economic Trends

2024 Final Tally: U.S. Wholesale Trade Hit New Revenue Record, but Share of GDP Slipped

How did 2024 stack up against other recent years? We dive into the numbers to analyze how it graded by historical context alongside GDP performance.

February 13, 2025

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Credit: Mike Hockett/MDM

While 2024 will go down as a relatively flat year for U.S. wholesale distribution revenues, it was good enough to set a new industry annual record. Let’s take a quick look at how the industry shaped up relative to recent history. With the final wholesale trade data in for 2024 from the U.S. Census Bureau on Feb. 9, we see that the industry had 2024 total revenue of $8.076 trillion. That’s up an even 2.0% from 2023 and narrowly topped 2022's $8.031 trillion as the industry's top revenue year ever.

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Overall, 2.0% is a relatively flat…

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