In 2023, the gross output of the United States mining industry amounted to 701.7 billion U.S. dollars.
U.S. mining industry: an economic overview of the past two decades
The mining industry in the United States is a huge sector – especially when oil and gas extraction is included. In 2023, the industry generated a gross output of nearly 702 billion U.S. dollars. In 2000, this figure stood at just 218 billion U.S. dollars. The value added of the U.S. mining industry was 457 billion U.S. dollars in 2022, while this figure was around 81 billion in 1998. In 2000, U.S. mining employment stood at 521,000. It has remained relatively stable since 2000, having grown to a peak of 842,000 in 2014, before decreasing gradually to 556,000 mine employees as of 2022.
U.S. mining companies in a global context
Although the United States has an active and diverse mining industry, U.S. mining companies are not among the top 10 mining companies worldwide based on revenue. Rather, the U.S.-based Freeport McMoRan, ranked 12th among the world's largest mining companies based on revenue as of 2023. Freeport McMoRan was the leading U.S. mining company based on revenue in 2022 with a revenue of over 22 billion U.S. dollars.
