Data Visualization Markets and Finance
Calculating the Costs of Declining Industries
April 10, 2020

As the U.S. economy falters from closures and layoffs as a result of the COVID-19 virus, policymakers will need to have an understanding of the associated economic costs.

This calculator allows users to paint a picture of the costs from shuttering sectors of the economy for weeks or months. The results are not predictions, but merely illustrations of the short-run impact on GDP from closing down parts of the economy. Users can specify a geographic region, an industry, a percentage reduction, and a duration.

$...

State/Region

Industry

Reduction (%)

0%

Duration (weeks)

0 weeks


Notes: Calculations are based on Q3 2019 figures. Figures do not include data for overseas activity.

Source: Bureau of Economic Analysis.

Design and Development: Calculator produced by John W. Fleming and Jay Simon. Data compiled by Drew Gonshorowski.