Chart of the Day: Family Business by Share of GDP

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Today’s Chart of the Day and comments are shared by my fellow Portfolio Manager Angie Parsons. The chart from Visual Capitalist shows the percent of GDP (gross domestic product) that comes from family-owned businesses. 79% of India’s GDP and 54% of the US’s GDP comes from them. The largest in the US are Walmart, Berskshire Hathaway, and Ford. In the world, family-owned businesses contribute more than 50% of the world’s GDP and account for over 65% of its employment.
For those that do not know, Crews Bank & Trust has been a family-owned business serving Southwest Florida for more than 95 years. Learn more about our history by visiting "Our Story" page.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.