Shipments Forecasts (1993-2050)

Private Fixed Investment Index in Selected Equipment and Structure

Shipments Index (2011=100)

Shipments in scope 

Private Fixed Investment Index in Selected Equipment and Structure

Shipments Index (2011=100)

Shipments in scope

Private Fixed Investment Index in Selected Equipment and Structure

Shipments Index (2011=100)

Reference 

Case

1000 Units

High 

Economic 

Growth Case

Low 

Economic 

Growth Case

Shipments in scope

Motor Shipments by HP Range ( Reference Case )

HP Range % of Total

1-5hp 58.5%

5-20hp 30.0%

20-50hp 7.5%

50-100hp 2.5%

100-200hp 1.0%

200-500hp 0.5%

Total 100.0%

1993 1994 1995 1996 1997 1998 1999

1,600 1,972 2,188 2,884 2,503 2,909 3,689

64.65 70.90 79.25 83.90 89.00 96.11 97.54

35.08 43.24 47.98 63.25 54.88 63.80 80.90

1,600 1,972 2,188 2,884 2,503 2,909 3,689

64.65 70.90 79.25 83.90 89.00 96.11 97.54

35.08 43.24 47.98 63.25 54.88 63.80 80.90

1,600 1,972 2,188 2,884 2,503 2,909 3,689

64.65 70.90 79.25 83.90 89.00 96.11 97.54

35.08 43.24 47.98 63.25 54.88 63.80 80.90

6,000

8,000

10,000

12,000

14,000

16,000

18,000

Shipments (1,0

0

0)

1993 1994 1995 1996 1997 1998 1999

936 1154 1280 1687 1464 1702 2158

480 592 656 865 751 873 1107

120 148 164 216 188 218 277

40 49 55 72 63 73 92

16 20 22 29 25 29 37

8 10 11 14 13 15 18

 1,600 1,972 2,188 2,884 2,503 2,909 3,689

0

2,000

4,000

6,000

8,000

199319951997199920012003200520072009201120132015201720192021202320252027202920312033

Shipments (1,0

0

0)

Reference Case High Economic Growth Case Low Economic Growth Case
0

2000

4000

6000

8000

10000

12000

14000

1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033

Shipments (1,0

0

0)

200-500hp 100-200hp 50-100hp 20-50hp 5-20hp 1-5hp
2000 2001 2002 2003 2004 2005 2006

3,467 3,116 3,004 3,020 3,129 3,507 4,302

105.38 100.00 93.15 96.23 102.78 115.93 128.11

76.03 68.33 65.88 66.23 68.62 76.91 94.34

3,467 3,116 3,004 3,020 3,129 3,507 4,302

105.38 100.00 93.15 96.23 102.78 115.93 128.11

76.03 68.33 65.88 66.23 68.62 76.91 94.34

3,467 3,116 3,004 3,020 3,129 3,507 4,302

105.38 100.00 93.15 96.23 102.78 115.93 128.11

76.03 68.33 65.88 66.23 68.62 76.91 94.34

2000 2001 2002 2003 2004 2005 2006

2028 1823 1758 1767 1830 2052 2517

1040 935 901 906 939 1052 1291

260 234 225 226 235 263 323

87 78 75 75 78 88 108

35 31 30 30 31 35 43

17 16 15 15 16 18 22

 3,467 3,116 3,004 3,020 3,129 3,507 4,302

203320352037203920412043

Low Economic Growth Case
2033 2035 2037 2039 2041 2043
2007 2008 2009 2010 2011 2012

4,240 4,119 3,355 3,594 4,560 4,332

136.43 136.03 108.87 116.28 134.79 133.95

92.97 90.32 73.57 78.81 100.00 95.00

4,240 4,119 3,355 3,594 4,560 4,720

136.43 136.03 108.87 116.28 134.79 144.75

92.97 90.32 73.57 78.81 100.00 103.50

4,240 4,119 3,355 3,594 4,560 4,229

136.43 136.03 108.87 116.28 134.79 131.07

92.97 90.32 73.57 78.81 100.00 92.73

2007 2008 2009 2010 2011 2012

2480 2409 1963 2102 2668 2534

1272 1236 1006 1078 1368 1300

318 309 252 270 342 325

106 103 84 90 114 108

42 41 34 36 46 43

21 21 17 18 23 22

 4,240 4,119 3,355 3,594 4,560 4,332

2013 2014 2015 2016 2017 2018

4,982 4,923 5,089 5,234 5,350 5,495

152.06 150.42 155.04 159.11 162.33 166.37

109.24 107.95 111.59 114.79 117.32 120.50

5,476 5,437 5,647 5,868 6,076 6,223

165.83 164.76 170.60 176.78 182.56 186.67

120.08 119.24 123.83 128.69 133.24 136.47

4,537 4,429 4,564 4,667 4,706 4,759

139.67 136.66 140.43 143.29 144.38 145.85

99.50 97.13 100.10 102.35 103.21 104.37

2013 2014 2015 2016 2017 2018

2914 2880 2977 3062 3130 3215

1494 1477 1527 1570 1605 1648

374 369 382 393 401 412

125 123 127 131 134 137

50 49 51 52 53 55

25 25 25 26 27 27

 4,982 4,923 5,089 5,234 5,350 5,495

2019 2020 2021 2022 2023 2024

5,660 5,863 6,111 6,397 6,676 6,964

170.97 176.62 183.56 191.51 199.30 207.34

124.13 128.57 134.02 140.28 146.41 152.73

6,317 6,562 6,845 7,098 7,499 7,872

189.28 196.10 204.00 211.06 222.25 232.64

138.52 143.89 150.11 155.66 164.46 172.63

4,918 5,185 5,379 5,627 5,943 6,101

150.28 157.72 163.13 170.04 178.86 183.27

107.84 113.70 117.96 123.39 130.33 133.80

2019 2020 2021 2022 2023 2024

3311 3430 3575 3742 3906 4074

1698 1759 1833 1919 2003 2089

425 440 458 480 501 522

142 147 153 160 167 174

57 59 61 64 67 70

28 29 31 32 33 35

 5,660 5,863 6,111 6,397 6,676 6,964

2025 2026 2027 2028 2029 2030

7,278 7,568 7,825 8,053 8,289 8,539

216.06 224.18 231.34 237.69 244.25 251.22

159.59 165.97 171.61 176.61 181.77 187.25

8,303 8,747 9,174 9,587 9,981 10,333

244.66 257.04 268.94 280.45 291.43 301.24

182.09 191.83 201.19 210.24 218.88 226.60

6,320 6,494 6,603 6,664 6,709 6,810

189.37 194.22 197.25 198.95 200.22 203.04

138.60 142.41 144.80 146.14 147.13 149.35

2025 2026 2027 2028 2029 2030

4257 4428 4578 4711 4849 4995

2183 2271 2348 2416 2487 2562

546 568 587 604 622 640

182 189 196 201 207 213

73 76 78 81 83 85

36 38 39 40 41 43

 7,278 7,568 7,825 8,053 8,289 8,539

2031 2032 2033 2034 2035 2036 2037

8,745 9,005 9,294 9,630 9,990 10,258 10,581

256.98 264.22 272.28 281.65 291.68 299.15 308.16

191.78 197.47 203.82 211.18 219.08 224.95 232.04

10,607 10,926 11,251 11,648 12,067 12,539 12,988

308.88 317.78 326.85 337.91 349.58 362.76 375.28

232.60 239.60 246.74 255.44 264.62 274.99 284.83

6,927 7,085 7,300 7,600 7,895 7,961 8,136

206.30 210.69 216.68 225.05 233.27 235.11 240.01

151.91 155.37 160.08 166.67 173.13 174.58 178.43

2031 2032 2033 2034 2035 2036 2037

5116 5268 5437 5634 5844 6001 6190

2624 2701 2788 2889 2997 3077 3174

656 675 697 722 749 769 794

219 225 232 241 250 256 265

87 90 93 96 100 103 106

44 45 46 48 50 51 53

 8,745 9,005 9,294 9,630 9,990 10,258 10,581

2038 2039 2040 2041 2042 2043

10,914 11,255 11,603 11,958 12,318 12,682

317.44 326.94 336.66 346.55 356.59 366.72

239.34 246.81 254.46 262.24 270.13 278.11

13,452 13,928 14,415 14,913 15,419 15,932

388.20 401.46 415.05 428.92 443.04 457.35

295.00 305.43 316.12 327.03 338.14 349.39

8,315 8,496 8,678 8,861 9,043 9,224

245.00 250.03 255.12 260.21 265.29 270.33

182.35 186.32 190.31 194.32 198.32 202.28

2038 2039 2040 2041 2042 2043

6385 6584 6788 6996 7206 7419

3274 3376 3481 3587 3695 3804

819 844 870 897 924 951

273 281 290 299 308 317

109 113 116 120 123 127

55 56 58 60 62 63

 10,914 11,255 11,603 11,958 12,318 12,682

2044

13,047

376.91

286.12

16,450

471.79

360.75

9,402

275.29

206.18

2044

7633

3914

979

326

130

65

 13,047


Shipments vs. Private Fixed Investment in Selected Equipment and Structure

Annual Shipments Index (2001=100)

1993-2011

Year Index

1993 51.3

1994 63.3

1995 70.2

1996 92.6

1997 80.3

1998 93.4

1999 118.4

2000 111.3

2001 100.0

2002 96.4

2003 96.9

2004 100.4

2005 112.6

2006 138.1

2007 136.1

2008 132.2

2009 107.7

2010 115.3

2011 146.4

Source (1993 - 1998): U.S. Census Bureau. Current Industrial Reports - Manufacturing Profiles (1994-1998) <http://www.census.gov/prod/www/abs/manu-mp

Source (1999 - 2000): NEMA, 2007: “Motor Shipments Slip in Third Quarter of 2007.” In: NEMA News, on 05 Dec 2007.

Source(2001-2010): NEMA, 2010: “Motors Index Surges in Second Quarter of 2010.” In: NEMA News, on 24 Aug 2010.

Source (2011): NEMA, August 2011, Motors Shipments on the Upswing in First Half of 2011. (http://www.nema.org/media/pr/20110818a.cfm)

20

40

60

80

100

120

140

160

180

In

d

e

x

2

0

0

1

=

1

0

0
Shipments Index 1999-2007 (2001=100)

US Production All ShipmentsIndex Year Index

1,269 1,355 51.3 1999 q1 122.8

1,508 1,671 63.3 q2 120.8

1,686 1,854 70.2 q3 115.1

2,227 2,444 92.6 q4 114.7

2,046 2,120 80.3 2000 q1 114.5

2,085 2,465 93.4 q2 115.1

- - - q3 109.1

- - - q4 106.2

1,700 2,640 100.0 2001 q1 109.5

1,514 2,550 96.6 q2 99.3

1,532 2,361 92.6 q3 98.0

q4 93.0

0

20

Shipments Index

q4 93.0

2002 q1 90.5

q2 97.0

q3 100.0

q4 98.0

2003 q1 96.5

q2 95.0

q3 96.0

q4 100.0

2004 q1 97.0

q2 103.0

q3 100.0

q4 101.5

2005 q1 96.5

q2 102.5

q3 117.5

q4 133.5

2006 q1 141.5

q2 139.0

q3 136.0

Source: US Census Bureau, Current 

Industrial Reports, 1994-1998.

http://www.census.gov/prod/www/abs/ma

nu-mp.html
q4 135.5

2007 q1 135.5

q2 142.0

q3 136.0

q4 130.5

2008 q1 138.5

q2 137.0

q3 135.5

q4 117.5

2009 q1 113.5

q2 102.0

q3 104.5

q4 110.5

2010 q1 108.0

q2 119.6

q3 114.8

q4 118.7

2011 q1 135.1

q2 157.4

Source: NEMA, 2007: “Motor Shipments Slip in Third Quarter of 2007.” In: NEMA New

Source: NEMA, 2010: “Motors Index Surges in Second Quarter of 2010.” In: NEMA Ne

Source: NEMA, 2011: "Motors Shipments on the Upswing in First Half of 2011." In: NE
Structure

Private Fixed Investment in Selected Equipment and Structure (200

1993-2011 (Machinery Industry PPI)

Year Index

1993 64.6 1993

1994 70.9 1994

1995 79.2 1995

1996 83.9 1996

1997 89.0 1997

1998 96.1 1998

1999 97.5 1999

2000 105.4 2000

2001 100.0 2001

2002 93.2 2002

2003 96.2 2003

2004 102.8 2004

2005 115.9 2005

2006 128.1 2006

2007 136.4 2007

2008 136.0 2008

2009 108.9 2009

2010 116.3 2010

2011 134.8 2011

s.gov/prod/www/abs/manu-mp.html>

Source: Bureau of Economic Analysis, Table 5.5.5U. Private Fixed Investment in Equipment and Software 

<http://www.bea.gov/iTable/iTable.cfm?ReqID=12&step=1>

40

60

80

100

120

140

160

S

hip

m

e

nts In

d

e

x

2

0

0

1

=

1

0

0
Machinery and Equipment PPI Index (2001=100) Private Fixed Investment in Se

Year Annual To 2001

1990 120.7 0.98

1991 123.0 0.99 Investment in Selected Equipm

1992 123.4 1.00 Investment in Selected Structu

1993 124.0 1.00

1994 125.1 1.01 Source: Bureau of Economic Ana

1995 126.6 1.02

1996 126.5 1.02

1997 125.9 1.02 Private Fixed Investment in Sel

1998 124.9 1.01

1999 124.3 1.00 Investment in Selected Equipm

2000 124.0 1.00 Investment in Selected Structu

2001 123.7 1.00 Total (PPI=$2001)

Total (Current Dollar Va

0

20

40

60 70 80 90 100

S

hip

m

e

nts In

d

e

x

Private Fixed Investment Index in Selected Equipment and Structur

2001 123.7 1.00

2002 122.9 0.99

2003 121.9 0.99

2004 122.1 0.99

2005 123.7 1.00

2006 126.2 1.02 Private Fixed Investment in Equ

2007 127.3 1.03

2008 129.7 1.05 Investment in Equipment (Curre

2009 131.3 1.06 Investment in Structure (Curren

2010 131.1 1.06

2011 132.6 1.07

Source: U.S. BLS

Total (

Total (PPI=$2001)

Total (Current Dollar Va

Investment Index (2001=
uarter of 2007.” In: NEMA News, on 05 Dec 2007.

Quarter of 2010.” In: NEMA News, on 24 Aug 2010.

ng in First Half of 2011." In: NEMA News, on 18 August 2011
uipment and Structure (2001=100)

150741.4185

165121.207

185510.9163

196960.7138

213369.2359

235526.1865

244241.321

266934.6242

250704

223869.8242

226638.8983

243083.1638

272956

300365.5563

320279.0259

316888.4988

247488.559

253588.7742

284164.0795

ed Investment in Equipment and Software by Type 

y = 1.15126x - 15.17265

R2 = 0.91198
ate Fixed Investment in Selected Equipment and Structure (1993-2011)

1993 1994 1995 1996

stment in Selected Equipment (Current Dollar Value) 125,343 139,539 158,189 166,860

stment in Selected Structure (Current Dollar Value) 16,068 16,940 18,799 20,370

141,411 156,479 176,988 187,230

ce: Bureau of Economic Analysis, Table 5.5.5U. Private Fixed Investment in Equipment and Software by Type, Tabl

ate Fixed Investment in Selected Equipment and Structure ( PPI=$2001 ) (1993-2011)

1993 1994 1995 1996

stment in Selected Equipment (Current Dollar Value) 125,040 137,977 154,565 163,167

stment in Selected Structure (Current Dollar Value) 16,029 16,750 18,369 19,919

Total (PPI=$2001) 141,069 154,728 172,934 183,085

Total (Current Dollar Value)

110 120 130 140 150

ected Equipment and Structure (PPI, 2001=100)

141,069 154,728 172,934 183,085

64.6453094 70.90470951 79.24786006 83.89974452

1.00 1.01 1.02 1.02

ate Fixed Investment in Equipment and Structure (1993-2011)

1993 1994 1995 1996

stment in Equipment (Current Dollar Value) 495,486 550,869 609,090 657,113

stment in Structure (Current Dollar Value) 437,046 482,635 503,798 552,311

932,532 1,033,504 1,112,888 1,209,424

Total (PPI=$2001 ) 930,276 1,021,938 1,087,395 1,182,654

Total (PPI=$2001)

Total (Current Dollar Value)

PPI Index (2001=100)

Investment Index (2001=100)


1997 1998 1999 2000 2001 2002

174,978 186,808 188,124 201,652 188,315 176,316

22,699 24,954 25,754 28,856 29,904 25,646

197,677 211,762 213,878 230,508 218,219 201,962

d Software by Type, Table 5.4.5U. Private Fixed Investment in Structures by Type <http://www.bea.gov/iTable/iTabl

1997 1998 1999 2000 2001 2002

171,920 185,013 187,216 201,164 188,315 177,464

22,302 24,715 25,629 28,786 29,904 25,813

194,223 194,223 209,728 209,728 212,845 212,845 229,950 229,950 218,219 218,219 203,276 203,276

89.00347485 96.10869089 97.53737787 105.3756636 100 93.15226232

1.02 1.01 1.00 1.00 1.00 0.99

1997 1998 1999 2000 2001 2002

724,611 792,698 878,261 958,334 906,091 850,917

593,048 654,367 702,431 759,332 794,120 784,012

1,317,659 1,447,065 1,580,692 1,717,666 1,700,211 1,634,929

1,294,634 1,433,162 1,573,062 1,713,510 1,700,211 1,645,571


2003 2004 2005 2006 2007 2008

181,368 193,582 221,078 245,876 258,772 258,073

25,565 27,813 31,904 39,334 47,607 53,178

206,933 221,395 252,982 285,210 306,379 311,251

www.bea.gov/iTable/iTable.cfm?ReqID=12&step=1>

2003 2004 2005 2006 2007 2008

184,046 196,119 221,078 241,005 251,454 246,134

25,943 28,178 31,904 38,555 46,261 50,718

209,989 209,989 224,296 224,296 252,982 252,982 279,560 279,560 297,715 297,715 296,852 296,852

96.22834981 102.7848484 115.9301896 128.1096385 136.4291062 136.0338331

0.99 0.99 1.00 1.02 1.03 1.05

2003 2004 2005 2006 2007 2008

862,293 925,548 1,005,409 1,081,936 1,122,824 1,079,743

850,988 978,099 1,116,920 1,185,244 1,143,286 1,048,963

1,713,281 1,903,647 2,122,329 2,267,180 2,266,110 2,128,706

1,738,580 1,928,592 2,122,329 2,222,268 2,202,025 2,030,231


2009 2010 2011

211,370 234,977 278,176

40,809 33,959 37,103

252,179 268,936 315,279

2009 2010 2011

199,135 221,714 259,527

38,447 32,042 34,616

237,582 253,756 294,143

108.8732034 116.2848511 134.7922437

1.06 1.06 1.07

2009 2010 2011

911,759 1,024,543 1,130,228

795,864 703,637 737,352

1,707,623 1,728,180 1,867,580

1,608,781 1,630,632 1,742,376















Private fixed investment in selected equipment and structure as a percentage of tota

(million $2001) 1993 1994

Total private fixed investment in equipment and structure 930,276 1,021,938

Private fixed investment in selected equipment and structure 141,069 154,728

% of private fixed investment in selected equipment and structure 15.16% 15.14%

Source: Bureau of Economic Analysis, Table 5.5.5U. Private Fixed Investment in Equipment and Software by Type, Table 5.4.5U. Private Fixed Investment in 
e as a percentage of total private fixed investment in equipment and structure (Bureau of Eco

1995 1996 1997 1998 1999 2000 2001

 1,087,395 1,182,654 1,294,634 1,433,162 1,573,062 1,713,510 1,700,211

 172,934 183,085 194,223 209,728 212,845 229,950 218,219

15.90% 15.48% 15.00% 14.63% 13.53% 13.42% 12.83%

e, Table 5.4.5U. Private Fixed Investment in Structures by Type <http://www.bea.gov/iTable/iTable.cfm?ReqID=12&step=1>
re (Bureau of Economic Analysis)

2002 2003 2004 2005 2006 2007

 1,645,571 1,738,580 1,928,592 2,122,329 2,222,268 2,202,025

 203,276 209,989 224,296 252,982 279,560 297,715

12.35% 12.08% 11.63% 11.92% 12.58% 13.52%
2008 2009 2010 2011 2012 2013 2014 2015

 2,030,231 1,608,781 1,630,632 1,742,376

 296,852 237,582 253,756 294,143

14.62% 14.77% 15.56% 16.88% 14.1% 14.0% 13.9% 13.8%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

13.7% 13.7% 13.6% 13.6% 13.6% 13.7% 13.8% 13.8% 14.0% 14.1%
2026 2027 2028 2029 2030 2031 2032 2033 2034 2035

14.1% 14.2% 14.2% 14.1% 14.1% 13.9% 13.9% 13.9% 13.9% 13.9%
2036 2037 2038 2039 2040 2041 2042 2043 2044 2045

13.9% 13.9% 13.9% 13.9% 14.0% 14.0% 14.0% 14.0% 14.0% 14.0%
2046 2047 2048 2049 2050

14.0% 14.0% 14.0% 13.9% 13.9%
Total private fixed investment in selected equipment and structure expressed as 

(billion 2001 chain-weighted dollars)

Gross Domestic Product (GDP)

Real Investment 

GDP Index (AEO and quadratic regression)

AEO Real Investment / GDP

Investment in Selected Equipment and Structure (million, $2001)

Gross Domestic Product (GDP)

Real Investment 

GDP Index (AEO and quadratic regression)

AEO Real Investment / GDP

Investment in Selected Equipment and Structure (million, $2001)

Gross Domestic Product (GDP)

Real Investment 

GDP Index (AEO and quadratic regression)

AEO Real Investment / GDP

Investment in Selected Equipment and Structure (million, $2001)

(billion 2005 chain-weighted dollars)

Gross Domestic Product (GDP)

Real Investment 

GDP Index (AEO and quadratic regression)

AEO Real Investment / GDP

Gross Domestic Product (GDP)

Reference 

Case

Reference 

Case

High 

Economic 

Growth Case

Low 

Economic 

Growth Case

Gross Domestic Product (GDP)

Real Investment 

GDP Index (AEO and quadratic regression)

AEO Real Investment / GDP

Gross Domestic Product (GDP)

Real Investment 

GDP Index (AEO and quadratic regression)

AEO Real Investment / GDP

Source: AEO2011. (http://www.eia.gov/forecasts/archive/aeo11/index.cfm)

GDP 2001 Chained Dollar Value (2001/2005)

GDP forecast based on quadratic regression (billion 2005 chained dollar value):

(billion 2005 chained dollar value)

High 

Economic 

Growth Case

Reference Case

Low 

Economic 

Growth Case

2.4

2.6

2.8
GDP forecast based on quadratic regression (billion 2005 chained dollar value):

(billion 2005 chained dollar value)

High Economic Growth

y = 3.69524E-04x2- 1.45714E+00x + 1.43695E+03

R2 = 9.99762E-01

0.8

1.0

1.2

1.4

1.6

1.8

2.0

2.2

2010 2015 2020 2025 2030 2035

GDP, AEO data GDP, projected data

2.4

2.6

2.8

GDP forecast based on linear regression (billion 2005 chained dollar value):

Low Economic Growth

0.8

1.0

1.2

1.4

1.6

1.8

2.0

2.2

2.4

2.6

2010 2015 2020 2025 2030 2035

GDP, AEO data Poly. (GDP, AEO data)
(billion 2005 chained dollar value)

0.8

1.0

1.2

1.4

1.6

1.8

2.0

2.2

2.4

2.6

2.8

2010 2015 2020 2025 2030 2035

GDP, AEO Data Linear (GDP, AEO Data)
ture expressed as a percentage of GDP (AEO data)

2008 2009 2010 2011 2012 2013 2014

11,882 11,569 11,875 12,131 12,615 13,109 13,399

1,758 1,361 1,583 1,657 1,978 2,255 2,240 

1.001 0.974 1.000 1.022 1.062 1.104 1.128

14.8% 11.8% 13.3% 13.7% 15.7% 17.2% 16.7%

296,852 237,582 253,756 294,143 292,305 331,818 328,238

11,882 11,569 11,875 12,131 12,862 13,472 13,849

1,758 1,362 1,583 1,657 2,138 2,459 2,454

1.001 0.974 1.000 1.022 1.083 1.134 1.166

14.8% 11.8% 13.3% 13.7% 16.6% 18.3% 17.7%

296,852 237,582 253,756 294,143 315,879 361,882 359,534

11,882 11,569 11,875 12,131 12,537 12,839 13,019

1,758 1,362 1,583 1,657 1,936 2,071 2,035

1.001 0.974 1.000 1.022 1.056 1.081 1.096

14.8% 11.8% 13.3% 13.7% 15.4% 16.1% 15.6%

296,852 237,582 253,756 294,143 286,016 304,785 298,208

2008 2009 2010 2011 2012 2013 2014

 13,229 12,881 13,221 13,506 14,045 14,596 14,918 

 1,957 1,516 1,763 1,845 2,203 2,511 2,494 

1.001 0.974 1.000 1.022 1.062 1.104 1.128

14.8% 11.8% 13.3% 13.7% 15.7% 17.2% 16.7%

13,229 12,881 13,221 13,506 14,320 14,999 15,419

1,957 1,516 1,763 1,845 2,380 2,738 2,732

1.001 0.974 1.000 1.022 1.083 1.134 1.166

14.8% 11.8% 13.3% 13.7% 16.6% 18.3% 17.7%

 13,229 12,881 13,221 13,506 13,959 14,295 14,495

 1,957 1,516 1,763 1,845 2,155 2,306 2,266

1.001 0.974 1.000 1.022 1.056 1.081 1.096

14.8% 11.8% 13.3% 13.7% 15.4% 16.1% 15.6%

0.89816

ned dollar value): Share of real investment over GDP forecast b

(billion 2005 chained dollar value)

20.0%

25.0%
Lines

Intercept

ned dollar value): Share of real investment over GDP forecast b

(billion 2005 chained dollar value)

2035 2040 2045 2050

DP, projected data

0.0%

5.0%

10.0%

15.0%

2005 2010 2015

pre-2014 AEO data

20.0%

25.0%

d dollar value): Share of real investment over GDP forecast b

y = 5.59669E-04x2- 2.21544E+00x + 2.19293E+03

R2 = 9.99342E-01

2035 2040 2045 2050

ly. (GDP, AEO data)

0.0%

5.0%

10.0%

15.0%

20.0%

2005 2010
(billion 2005 chained dollar value)

y = 0.02684x - 52.96018

R2 = 0.99720

2035 2040 2045 2050

ar (GDP, AEO Data)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

2005 2010

pre-2014 AEO data
2015 2016 2017 2018 2019 2020

13,776 14,150 14,524 14,893 15,252 15,648

2,327 2,403 2,463 2,534 2,603 2,687 

1.160 1.192 1.223 1.254 1.284 1.318

16.9% 17.0% 17.0% 17.0% 17.1% 17.2%

338,333 347,202 354,228 363,046 373,100 385,427

14,318 14,821 15,330 15,788 16,208 16,705

2,560 2,669 2,770 2,843 2,881 2,983

1.206 1.248 1.291 1.330 1.365 1.407

17.9% 18.0% 18.1% 18.0% 17.8% 17.9%

372,275 385,775 398,385 407,346 413,036 427,938

13,311 13,589 13,831 14,063 14,334 14,664

2,107 2,164 2,191 2,221 2,288 2,399

1.121 1.144 1.165 1.184 1.207 1.235

15.8% 15.9% 15.8% 15.8% 16.0% 16.4%

306,441 312,696 315,065 318,283 327,931 344,180

2015 2016 2017 2018 2019 2020

 15,338 15,754 16,171 16,582 16,981 17,422 

 2,590 2,675 2,742 2,821 2,898 2,991 

1.160 1.192 1.223 1.254 1.284 1.318

16.9% 17.0% 17.0% 17.0% 17.1% 17.2%

15,941 16,501 17,068 17,578 18,046 18,599

2,850 2,972 3,084 3,165 3,208 3,321

1.206 1.248 1.291 1.330 1.365 1.407

17.9% 18.0% 18.1% 18.0% 17.8% 17.9%

 14,820 15,130 15,399 15,658 15,959 16,327

 2,346 2,409 2,439 2,473 2,547 2,671

1.121 1.144 1.165 1.184 1.207 1.235

15.8% 15.9% 15.8% 15.8% 16.0% 16.4%

estment over GDP forecast based on linear regression:

ned dollar value)
0.0009721

-1.791

estment over GDP forecast based on linear regression:

ned dollar value)

y = 9.721E-04x - 1.791E+00

R2 = 9.870E-01

2015 2020 2025 2030 2035 2040 2045 2050

2014 AEO data 2014-2035 AOE projection 2035 -2044 projection

y = 1.095E-03x - 2.030E+00

R2 = 9.093E-01

estment over GDP forecast based on linear regression:

y = 1.095E-03x - 2.030E+00

R2 = 9.093E-01

2015 2020 2025 2030 2035 2040 2045 2050

pre-2014 AEO data 2014-2035 AOE projection
ned dollar value)

y = 0.00070x - 1.24982

R2 = 0.75364

2015 2020 2025 2030 2035 2040 2045 2050

2014 AEO data 2014-2035 AEO projection Linear (2014-2035 AEO projection)
2021 2022 2023 2024 2025 2026

16,078 16,547 17,014 17,486 17,977 18,453

2,783 2,889 2,988 3,082 3,187 3,289 

1.354 1.393 1.433 1.473 1.514 1.554

17.3% 17.5% 17.6% 17.6% 17.7% 17.8%

400,556 417,910 434,911 452,448 471,495 489,194

17,225 17,759 18,331 18,899 19,515 20,148

3,093 3,184 3,331 3,458 3,609 3,770

1.451 1.496 1.544 1.592 1.643 1.697

18.0% 17.9% 18.2% 18.3% 18.5% 18.7%

445,174 460,580 484,984 507,662 533,893 560,920

14,989 15,368 15,768 16,129 16,515 16,860

2,474 2,565 2,681 2,724 2,793 2,849

1.262 1.294 1.328 1.358 1.391 1.420

16.5% 16.7% 17.0% 16.9% 16.9% 16.9%

355,984 371,063 390,315 399,932 413,243 423,830

2021 2022 2023 2024 2025 2026

 17,901 18,424 18,943 19,469 20,015 20,546 

 3,099 3,217 3,326 3,432 3,549 3,662 

1.354 1.393 1.433 1.473 1.514 1.554

17.3% 17.5% 17.6% 17.6% 17.7% 17.8%

19,178 19,773 20,409 21,042 21,728 22,432

3,444 3,545 3,709 3,850 4,018 4,198

1.451 1.496 1.544 1.592 1.643 1.697

18.0% 17.9% 18.2% 18.3% 18.5% 18.7%

 16,689 17,110 17,556 17,958 18,388 18,772

 2,754 2,856 2,985 3,033 3,110 3,172

1.262 1.294 1.328 1.358 1.391 1.420

16.5% 16.7% 17.0% 16.9% 16.9% 16.9%


2027 2028 2029 2030 2031 2032

18,929 19,412 19,902 20,420 20,941 21,449

3,386 3,484 3,589 3,711 3,837 3,947 

1.594 1.635 1.676 1.720 1.763 1.806

17.9% 18.0% 18.0% 18.2% 18.3% 18.4%

504,831 518,692 533,003 548,221 560,775 576,570

20,813 21,496 22,190 22,908 23,623 24,311

3,936 4,111 4,282 4,449 4,611 4,747

1.753 1.810 1.869 1.929 1.989 2.047

18.9% 19.1% 19.3% 19.4% 19.5% 19.5%

586,875 611,990 635,951 657,364 674,025 693,450

17,178 17,469 17,754 18,075 18,402 18,705

2,887 2,916 2,941 2,999 3,080 3,147

1.447 1.471 1.495 1.522 1.550 1.575

16.8% 16.7% 16.6% 16.6% 16.7% 16.8%

430,446 434,156 436,908 443,064 450,182 459,763

2027 2028 2029 2030 2031 2032

 21,075 21,613 22,158 22,735 23,316 23,881 

 3,770 3,880 3,996 4,132 4,272 4,395 

1.594 1.635 1.676 1.720 1.763 1.806

17.9% 18.0% 18.0% 18.2% 18.3% 18.4%

23,173 23,933 24,706 25,505 26,301 27,068

4,382 4,577 4,767 4,954 5,134 5,285

1.753 1.810 1.869 1.929 1.989 2.047

18.9% 19.1% 19.3% 19.4% 19.5% 19.5%

 19,126 19,450 19,767 20,124 20,489 20,826

 3,214 3,247 3,275 3,339 3,429 3,504

1.447 1.471 1.495 1.522 1.550 1.575

16.8% 16.7% 16.6% 16.6% 16.7% 16.8%


2033 2034 2035 2036 2037 2038

21,972 22,516 23,075 23,742 24,311 24,889

4,069 4,210 4,359 4,468 4,599 4,732 

1.850 1.896 1.943 1.999 2.047 2.096

18.5% 18.7% 18.9% 18.82% 18.92% 19.01%

594,169 614,609 636,503 652,805 672,463 692,720

25,005 25,623 26,254 27,167 27,928 28,702

4,884 5,050 5,224 5,418 5,600 5,787 

2.106 2.158 2.211 2.288 2.352 2.417

19.5% 19.7% 19.9% 19.94% 20.05% 20.16%

713,251 737,385 762,852 791,607 818,927 847,125

19,037 19,414 19,906 20,021 20,340 20,659

3,238 3,364 3,486 3,511 3,581 3,652

1.603 1.635 1.676 1.686 1.713 1.740

17.0% 17.3% 17.5% 17.54% 17.61% 17.68%

472,834 491,109 509,049 513,063 523,743 534,629

2033 2034 2035 2036 2037 2038

 24,464 25,068 25,692 26,434 27,068 27,711

 4,530 4,687 4,853 4,972 5,117 5,266

1.850 1.896 1.943 1.999 2.047 2.096

18.5% 18.7% 18.9% 18.81% 18.91% 19.00%

27,840 28,528 29,231 30,247 31,095 31,957

5,438 5,623 5,816 6,032 6,235 6,443

2.106 2.158 2.211 2.288 2.352 2.417

19.5% 19.7% 19.9% 19.94% 20.05% 20.16%

 21,196 21,615 22,163 22,291 22,646 23,001

 3,605 3,745 3,881 3,909 3,988 4,066

1.603 1.635 1.676 1.686 1.713 1.740

17.0% 17.3% 17.5% 17.54% 17.61% 17.68%

y = 0.00016x2 - 0.61206x + 593.11414


2039 2040 2041 2042 2043 2044

25,476 26,071 26,676 27,289 27,910 28,541

4,869 5,008 5,150 5,295 5,443 5,593 

2.145 2.195 2.246 2.298 2.350 2.403

19.11% 19.21% 19.31% 19.40% 19.50% 19.60%

713,454 734,658 756,249 778,139 800,257 822,488

29,490 30,291 31,105 31,933 32,774 33,628

5,978 6,173 6,373 6,578 6,787 7,001 

2.483 2.551 2.619 2.689 2.760 2.832

20.27% 20.38% 20.49% 20.60% 20.71% 20.82%

876,055 905,711 935,992 966,792 998,021 1,029,533

20,977 21,296 21,615 21,934 22,252 22,571

3,723 3,795 3,866 3,939 4,012 4,085

1.767 1.793 1.820 1.847 1.874 1.901

17.75% 17.82% 17.89% 17.96% 18.03% 18.10%

545,623 556,713 567,834 578,919 589,914 600,738

2039 2040 2041 2042 2043 2044

 28,364 29,027 29,700 30,383 31,075 31,777

 5,417 5,572 5,730 5,892 6,056 6,224

2.145 2.195 2.246 2.298 2.350 2.403

19.10% 19.20% 19.29% 19.39% 19.49% 19.59%

 32,834 33,726 34,632 35,553 36,490 37,441

 6,656 6,873 7,096 7,324 7,556 7,794

2.483 2.551 2.619 2.689 2.760 2.832

20.27% 20.38% 20.49% 20.60% 20.71% 20.82%

 23,356 23,711 24,066 24,421 24,775 25,130

 4,145 4,225 4,305 4,385 4,467 4,548

1.767 1.793 1.820 1.847 1.874 1.901

17.75% 17.82% 17.89% 17.96% 18.03% 18.10%


2045 2046 2047 2048 2049 2050

29,180 29,829 30,486 31,151 31,826 32,509

5,747 5,904 6,063 6,226 6,392 6,560 

2.457 2.512 2.567 2.623 2.680 2.738

19.69% 19.79% 19.89% 19.99% 20.08% 20.18%

844,820 867,304 890,061 913,267 936,964 961,320

34,495 35,376 36,270 37,177 38,098 39,031

7,219 7,442 7,670 7,902 8,140 8,382 

2.905 2.979 3.054 3.131 3.208 3.287

20.93% 21.04% 21.15% 21.26% 21.37% 21.48%

1,061,310 1,093,416 1,125,999 1,159,285 1,193,326 1,228,342

22,890 23,208 23,527 23,846 24,165 24,483

4,159 4,233 4,307 4,382 4,458 4,534

1.928 1.954 1.981 2.008 2.035 2.062

18.17% 18.24% 18.31% 18.38% 18.45% 18.52%

611,385 621,897 632,360 642,902 653,546 664,408

2045 2046 2047 2048 2049 2050

 32,489 33,211 33,942 34,683 35,434 36,195

 6,395 6,569 6,747 6,928 7,112 7,300

2.457 2.512 2.567 2.623 2.680 2.738

19.68% 19.78% 19.88% 19.97% 20.07% 20.17%

 38,406 39,387 40,382 41,392 42,417 43,457

 8,037 8,286 8,539 8,798 9,063 9,332

2.905 2.979 3.054 3.131 3.208 3.287

20.93% 21.04% 21.15% 21.26% 21.37% 21.48%

 25,485 25,840 26,195 26,550 26,904 27,259

 4,630 4,713 4,796 4,879 4,963 5,048

1.928 1.954 1.981 2.008 2.035 2.062

18.17% 18.24% 18.31% 18.38% 18.45% 18.52%
US Production (units)

NAICS

Polyphase induction, excluding synchronous - US Production

All motors, including Energy Efficient (EE)

3353123143 1 through 5 hp

3353123146 greater than 5 through 20 hp

3353123149 greater than 20 through 50 hp

3353123152 greater than 50 through 100 hp

3353123155 greater than 100 through 200 hp

3353123158 greater than 200 through 500 hp

Source: US Census <http://www.census.gov/manufacturing/cir/historical_data/discontinued/ma335h/index.html>

Trading (thousand dollars)

1994 Manufacturing Profiles

Product Product description US product

36212 Integral horsepower motors and generators.............................................. 1994

36212 Integral horsepower motors and generators.............................................. 1993

1995 Manufacturing Profiles

Product Product description US product

36212 Integral horsepower motors and generators.............................................. 1995

36212 Integral horsepower motors and generators.............................................. 1994

1996 Manufacturing Profiles

Product Product description US product

36212 Integral horsepower motors and generators.............................................. 1996

36212 Integral horsepower motors and generators.............................................. 1995

1997 Manufacturing Profiles

Product Product description US product

36212 Integral horsepower motors and generators.............................................. 1997

36212 Integral horsepower motors and generators.............................................. 1996

1998 Manufacturing Profiles

Product Product description US product

3353123 Integral horsepower motors and generators.............................................. 1998

3353123 Integral horsepower motors and generators.............................................. 1997

2002 Census

Product Product description US product

3353123 Integral horsepower motors and generators.............................................. 2002

3353123 Integral horsepower motors and generators.............................................. 2001

2003 Census
Product Product description

3353123 Integral horsepower motors and generators.............................................. 2003

3353123 Integral horsepower motors and generators.............................................. 2002

Source: US Census <http://www.census.gov/manufacturing/cir/historical_data/discontinued/ma335h/index.html>

Source: U.S. Census Bureau, Current Industrial Report: Manufacturing Profiles, 1994-1998.
2003 2002 2002 2001 Product Code

931,936 897,361 897,361 968,959 36212 15

410,414 410,705 427,922 497,496 36212 16

115,497 126,045 126,045 145,650 36212 17

40,669 45,044 45,044 48,924 36212 18

22,177 20,999 20,999 23,981 36212 19

11,152 13,885 13,885 15,317 36212 20

Source: U.S. Census Bureau, Current Industrial Report: Manufacturin

US production Exports Imports % Exp % Imp Supply/Production

1,885,490 465,742 676,515 24.7% 35.9% 111.2%

1,694,958 462,873 577,709 27.3% 34.1% 106.8%

US production Exports Imports % Exp % Imp Supply/Production

2,064,107 588,900 801,300 28.5% 38.8% 110.3%

1,951,441 465,742 676,515 23.9% 34.7% 110.8%

US production Exports Imports % Exp % Imp Supply/Production

2,336,865 598,306 826,356 25.6% 35.4% 109.8%

2,134,705 588,900 801,300 27.6% 37.5% 109.9%

US production Exports Imports % Exp % Imp Supply/Production

2,245,647 869,256 951,185 38.7% 42.4% 103.6%

2,337,488 598,306 826,356 25.6% 35.4% 109.8%

US production Exports Imports % Exp % Imp Supply/Production

2,233,824 700,954 1,108,140 31.4% 49.6% 118.2%

2,245,951 869,256 951,185 38.7% 42.4% 103.6%

US production Exports Imports % Exp % Imp Supply/Production

1,288,936 717,550 1,576,801 55.7% 122.3% 166.7%

1,499,051 852,335 1,680,611 56.9% 112.1% 155.3%

Census 2003 Census 2002
Value Exports Imports % Exp % Imp Supply/Production

1,242,681 728,946 1,401,719 58.7% 112.8% 154.1%

1,256,346 717,550 1,576,801 57.1% 125.5% 168.4%
US Production (units)

1998 1997

Polyphase induction, excluding synchronous - US Production

All motors, including Energy Efficient (EE)

1 through 5 hp 1,215,080 1,233,811

greater than 5 through 20 hp 542,583 516,323

greater than 20 through 50 hp 214,573 174,532

greater than 50 through 100 hp 56,756 63,571

greater than 100 through 200 hp 35,891 35,561

greater than 200 through 500 hp 19,975 21,911

sus Bureau, Current Industrial Report: Manufacturing Profiles, 1994-1998.

1998 Manufacturing Profiles

1997 Manufacturing Profiles

1997 1996 1996 1995 1995 1994

1,232,412 1,367,945 1,360,287 846,850 846,833 764,720

516,172 576,180 576,180 571,521 571,518 507,336

174,532 168,933 168,933 155,130 155,130 141,644

63,571 61,530 61,530 52,912 52,911 50,277

35,561 35,209 35,209 32,160 32,160 27,839

18,392 16,735 22,811 27,363 21,798 15,954

cturing Profiles 1996 Manufacturing Profiles 1995 Manufacturing Profiles
.
1994 1993

715,621 587,776

507,336 464,772

141,644 130,820

50,277 46,735

27,839 24,771

15,954 14,559

cturing Profiles 1994 Manufacturing Profiles
. . . .
% of Private Fixed Investment in Heating, Ventilating and Air Conditioning in Private Fixed Invest

Median

% of Total 

Apartments (1-3 story) 5.60

Apartments (4-7 story) NA

Apartments (8-24 story) NA

Auditoriums NA

Automotive Sales 10.00

Banks 7.15

Churches 10.00

Clubs, Country NA

Clubs, Social Fraternal 9.25

Clubs, Y.M.C.A. NA

Colleges Classroom & Administration NA

Colleges Science, Engineering, Lab. NA

Colleges Student Unions NA

Community Centers 10.35

Court Houses NA

Department Store 9.10

Dormitories (1-3 story) 8.05

Dormitories (4-8 story) NA

Factories 8.45

Fire Station 7.40

Fraternity Houses & Sorority Houses NA

Funeral Homes NA

Garages, Commercial 6.85

Garages, Municipal 7.45

Garages, Parking NA

Gymnasiums 9.05

Hospitals 12.95

Housing for the Elderly 5.60

Housing Public 6.05

Ice Skating Rinks NA

Jails 9.45

Libraries 10.95

Living, Assisted 9.35

Medical Clinics 8.85

Medical Offices 8.00

Motels 5.60

Nursing Homes 11.45

Offices (1-4 story) 10.30

Offices (5-10 story) 9.40

Offices (11-20 story) NA

Police Stations 10.55

Post Offices 7.15

Building Type 
Power Plants NA

Religious Education 11.45

Research Lab & Facilities 16.50

Restaurants 12.00

Retail Stores 8.75

Schools Elementary 10.80

Schools Junior High & Middle 11.55

Schools Senior High 11.60

Schools Vocational 11.90

Sports Vocational 11.90

Sports Arenas 10.20

Supermarkets 8.65

Swimming Pools NA

Telephone Exchanges 16.05

Theaters 12.25

Town Halls City Halls & Municipal Buildings 9.05

Warehouses & Storage Buildings 5.00

Warehouse & Offices Combination 5.65

Source: RSMeans Facilities Construction Cost Data, 26Th Annual Edition . PP. 1432-1439. 
nditioning in Private Fixed Investment in Selected Structure

Commercial and Health Care

Building Type % of Total 

Automotive Sales 10.00

Banks 7.15

Department Store 9.10

Garages, Commercial 6.85

Garages, Municipal 7.45

Hospitals 12.95

Housing for the Elderly 5.60

Medical Clinics 8.85

Medical Offices 8.00

Nursing Homes 11.45

Offices (1-4 story) 10.30

Offices (5-10 story) 9.40

Restaurants 12.00

Retail Stores 8.75

Supermarkets 8.65

Telephone Exchanges 16.05

Warehouses & Storage Buildings 5.00

Warehouse & Offices Combination 5.65

Average 9.07
Table 5.4.5U. Private Fixed Investment in Structures by Type 

[Millions of dollars; quarters seasonally adjusted at annual rates] 

Bureau of Economic Analysis

Downloaded on 3/2/2012 At 5:20:48 PM Last Revised March 01, 2012 

 Line 1993 1994

1 Private fixed investment in structures 437046 482635

2 Nonresidential 177152 186769

3 Commercial and health care 69363 75384

4 Office\1\ 23034 24557

5 Health care 16653 16567

6 Hospitals and special care 13923 13673

7 Hospitals 11225 11224

8 Special care 2698 2449

9 Medical buildings 2730 2894

10 Multimerchandise shopping 10853 11392

11 Food and beverage establishments 5860 5713

12 Warehouses 4896 5869

13 Other commercial\2\ 8067 11287

14 Manufacturing 23562 28947

15 Power and communication 33173 31164

16 Power 23554 21043

17 Electric 16260 14884

18 Other power 7294 6159

19 Communication 9619 10121

20 Mining exploration, shafts, and wells 16590 16393

21 Petroleum and natural gas 15253 14609

22 Mining 1337 1784

23 Other structures 34464 34880

24 Religious 3783 3766

25 Educational and vocational 5319 5500

26 Lodging 5651 5754

27 Amusement and recreation 7640 7960

28 Transportation 3904 4199

29 Air 676 730

30 Land\3\ 3227 3469

31 Farm 3392 3226

32 Other\4\ 4737 4264

33 Brokers' commissions on sale of structures 1302 1439

34 Net purchases of used structures -1263 -1227

35 Residential 259893 295866

36 Permanent site 150911 176390

37 Single-family structures 140123 162309

38 Multifamily structures 10788 14081

39 Other structures 108982 119476

40 Manufactured homes 7348 9567

41 Dormitories 535 324
42 Improvements 73961 78888

43 Brokers' commissions on sale of structures 29156 31716

44 Net purchases of used structures -2018 -1019

 Addenda:

45 Private fixed investment in new structures\5\ 409868 451726

46 Nonresidential structures 177113 186557

47 Residential structures 232755 265169

Total of Selected 16,068 16,940

% of HVAC Factor 0.09

1. Consists of office buildings, except those constructed at manufacturing 

 sites and thoseconstructed by power utilities for their own use. Includes all 

 financial buildings. Medicalbuildings are included in health care.

2. Includes buildings and structures used by the retail, wholesale and selected 

 serviceindustries. Consists of auto dealerships, garages, service stations, 

 drug stores,restaurants, mobile structures, and other structures used for 

 commercial purposes. Busor truck garages are included in transportation.

3. Consists primarily of railroads.

4. Includes water supply, sewage and waste disposal, public safety, highway and 

 street, andconservation and development.

5. Excludes net purchases of used structures and brokers' commissions on the 

http://www.bea.gov/national/nipaweb/nipa_underlying/SelectTable.asp
1995 1996 1997 1998 1999 2000

503798 552311 593048 654367 702431 759332

207270 224583 250265 275130 283945 318145

83056 91495 104304 115969 125419 139321

28329 30920 37710 46422 51776 60228

15878 16768 19573 19962 20696 21897

12536 13129 15097 15382 15170 16195

9862 9374 11240 10658 10682 11461

2674 3755 3857 4724 4487 4734

3342 3639 4476 4581 5526 5702

11226 12685 11541 12717 14771 14609

6720 7116 8132 8748 8025 8608

8719 10903 11927 12183 13285 14522

12184 13104 15421 15935 16865 19457

35498 38166 37624 40485 35126 37583

33099 29223 28778 34163 40445 48143

22006 17413 16362 21690 22040 29344

14274 11256 11325 12993 15489 23374

7732 6157 5037 8697 6551 5970

11093 11810 12416 12473 18405 18799

15048 16777 22387 22297 18296 23741

13762 15297 20970 21213 17307 22415

1286 1480 1417 1084 989 1326

40569 48922 57173 62216 64659 69357

4211 4413 5623 6459 7249 7942

6246 7643 9825 10881 10400 12662

8804 13508 15966 18343 19750 20182

8533 9294 10245 10307 11460 10522

4411 5433 6102 7190 6456 6830

767 958 1007 1162 1345 1957

3644 4475 5094 6028 5111 4873

3014 3658 3815 4284 5059 5988

4980 4255 3800 3886 3496 4278

1635 1827 2017 2212 2250 2416

-1265 -1109 -220 -1346 -1463 -1464

296527 327728 342782 379237 418486 441187

171404 191114 198062 223983 251271 265047

153515 170790 175179 199409 223837 236788

17889 20324 22883 24574 27434 28259

125123 136614 144720 155254 167215 176140

11604 13191 13864 14695 14304 11015

490 574 790 956 1275 1357
81302 87031 90951 93782 101206 109027

32952 37532 41522 48900 53821 56050

-1225 -1713 -2407 -3079 -3391 -1308

471701 515774 552136 607679 651214 703638

206901 223864 248469 274263 283158 317193

264800 291910 303667 333416 368056 386445

 18,799 20,370 22,699 24,954 25,754 28,856
2001 2002 2003 2004 2005 2006

794120 784012 850988 978099 1116920 1185244

329706 282752 281866 306651 351754 433671

137303 119419 115054 125328 135923 156411

57169 40564 35143 37786 42838 52496

21955 25197 27257 29570 32072 36035

16734 19655 20427 20999 23032 27971

12733 15673 17146 18174 20541 24665

4001 3982 3281 2825 2491 3306

5220 5542 6830 8571 9040 8064

16207 15581 15400 18828 22750 29218

8676 7914 8369 8232 7795 7442

15532 11908 12345 12074 12827 14490

17764 18255 16540 18839 17641 16730

37815 22744 21435 23667 29887 35088

51095 50992 48074 42829 45152 53349

31499 32608 33618 27361 26306 31163

25270 24998 25592 20431 19192 22804

6229 7610 8026 6930 7114 8359

19596 18384 14456 15468 18846 22186

34590 30249 38448 51928 77064 114221

33327 27978 36620 49119 73530 109023

1263 2271 1827 2809 3534 5198

68903 59348 58856 62898 63728 74601

8347 8335 8559 8153 7715 7740

13844 14200 14301 13527 13794 14437

17973 12968 12303 14845 15692 21835

9394 8974 9338 10119 9010 11192

7031 6770 6566 6838 7121 8650

2165 1445 1104 1038 907 887

4866 5325 5462 5800 6214 7763

5135 5611 5103 5485 5854 5817

3255 2367 2721 3289 3126 3994

2380 2066 1997 2080 2242 2608

1544 -1943 -2031 -1438 -827 -1671

464414 501261 569122 671448 765166 751573

279391 298841 345691 417501 480808 468798

249086 265889 310575 377557 433510 415997

30305 32952 35116 39944 47298 52801

185023 202420 223431 253947 284358 282775

8953 9513 7911 8378 10110 8316

1555 1528 1761 1669 1537 2065
115902 125946 137275 150235 164434 173787

60415 68792 80265 96077 109855 101472

-1801 -3359 -3782 -2413 -1578 -2864

731583 718457 774538 883792 1007228 1085699

325782 282629 281900 306009 350339 432733

405801 435828 492638 577783 656889 652966

 29,904 25,646 25,565 27,813 31,904 39,334
2007 2008 2009 2010 2011

1143286 1048963 795864 703637 737352

524884 586304 449936 374413 409078

181875 181925 126789 92711 90137

61845 63785 42846 27847 25864

40055 43262 39741 34122 32528

31073 32861 31264 28187 26550

27613 28781 27825 25147 23266

3460 4080 3439 3040 3284

8983 10401 8478 5935 5978

34750 31963 18390 12544 13298

8046 8029 4868 4526 4569

16909 16708 9730 5583 5881

20270 18178 11214 8089 7997

43738 57375 61226 40762 38238

77593 90460 90144 79859 90391

50106 64118 70432 61671 72661

33627 38680 41811 37821 44867

16479 25438 28621 23850 27794

27487 26342 19712 18188 17729

130942 151739 87947 100929 133546

126551 147595 84497 97621 129830

4391 4144 3450 3308 3716

90737 104804 83829 60152 56767

7522 7197 6176 5157 4142

16909 18187 17601 14372 14169

34047 43814 31454 13509 9759

12233 12611 10084 7850 7915

9007 9934 9051 9907 10619

996 912 570 400 633

8010 9022 8481 9507 9986

6292 8227 6637 7194 7937

4433 4328 2943 3020 3051

3236 3573 2994 2289 2330

-2943 -3067 -3111 -3146 -3155

618402 462659 345928 329224 328275

354144 230114 133873 127239 121432

305185 185776 105335 112571 106886

48959 44338 28538 14668 14546

264258 232545 212055 201985 206843

6900 5838 3503 3479 3427

2900 3791 2496 1635 2053
171867 161108 151924 147553 153230

86559 66902 58567 55178 54021

-3968 -5094 -4435 -5860 -5888

1060402 986648 741849 655176 690045

524591 585797 450053 375270 409903

535811 400851 291796 279906 280142

 47,607 53,178 40,809 33,959 37,103
Table 5.5.5U. Private Fixed Investment in Equipment and Software by Type 

[Millions of dollars; quarters seasonally adjusted at annual rates] 

Bureau of Economic Analysis

Downloaded on 3/2/2012 At 6:04:57 PM Last Revised March 01, 2012 

 Line 1993 1994

1 Private fixed investment in equipment and software 495486 550869

2 Nonresidential equipment and software 489415 544642

3 Information processing equipment and software 217603 235222

4 Computers, software, and communication 160901 177448

5 Computers and peripheral equipment 47935 52385

6 Software\1\ 64274 68262

7 Communication equipment 48692 56801

8 Medical equipment and instruments 22063 21368

9 Electro-medical equipment 7472 7339

10 Medical instruments 14591 14029

11 Nonmedical instruments 14521 15426

12 Photocopy and related equipment 14488 15297

13 Office and accounting equipment 5630 5683

14 Industrial equipment 102233 113620

15 Fabricated metal products 9349 10037

16 Engines and turbines 3518 3886

17 Steam engines 2395 2632

18 Internal combustion engines 1122 1254

19 Metalworking machinery 18676 22260

20 Special industry machinery, n.e.c. 24316 26375

21 General industrial, including materials handling, equipment 32166 35352

22 Electrical transmission, distribution, and industrial apparatus 14208 15710

23 Transportation equipment 89425 107732

24 Trucks, buses, and truck trailers 37179 51030

25 Light trucks (including utility vehicles)\2\ 15242 25901

26 Other trucks, buses, and truck trailers\2\ 21937 25130

27 Autos\2\ 33265 41108

28 Aircraft 13386 9114

29 Ships and boats 2158 1840

30 Railroad equipment 3437 4640

31 Other equipment 84145 92348

32 Furniture and fixtures 21384 22557

33 Household furniture 1167 1328

34 Other furniture 20217 21229

35 Agricultural machinery 11864 13428

36 Farm tractors 3570 4279

37 Other agricultural machinery 8294 9149

38 Construction machinery 12215 13985

39 Construction tractors 1308 1385

40 Other construction machinery 10908 12601

41 Mining and oilfield machinery 2505 2472
42 Service industry machinery 11894 13149

43 Electrical equipment, n.e.c. 2853 3026

44 Household appliances 477 554

45 Miscellaneous electrical 2376 2471

46 Other 21430 23731

47 Less: Sale of equipment scrap, excluding autos 3991 4281

48 Residential equipment 6071 6227

Total of Selected 125343 139539

1. Excludes software embedded or bundled, in computers and other equipment.

2. Includes net purchases of used vehicles; additional detail is available in 

 table 7.2.5U.

n.e.c. Not elsewhere classified.

http://www.bea.gov/national/nipaweb/nipa_underlying/SelectTable.asp
e 

1995 1996 1997 1998 1999 2000 2001 2002 2003

609090 657113 724611 792698 878261 958334 906091 850917 862293

602763 650783 718342 786007 870958 950543 898107 842683 853812

263002 290142 330278 366099 417090 478249 452520 419779 430905

204200 229020 268859 300936 353302 410956 383248 346503 350283

66110 72793 81375 87887 97231 103178 87556 79725 77643

74635 85474 107483 125993 157332 184455 186590 183043 191272

63455 70753 80001 87056 98739 123323 109102 83735 81368

21779 23769 26440 30301 32223 35211 38464 43785 47611

7605 8699 10622 12553 12815 14292 15510 19515 20813

14173 15070 15818 17748 19409 20920 22953 24270 26798

17042 17909 16582 17021 17114 18387 19288 19747 19683

14187 13587 12634 12701 10729 9838 6738 4576 5196

5794 5857 5763 5140 3722 3857 4782 5168 8132

128961 136521 140418 147355 149126 162910 151879 141734 142560

10838 12135 10548 10900 11493 11946 11880 10672 11474

3291 3979 3744 4427 5481 7101 10797 11578 10052

1890 2497 2042 2815 3278 5073 8505 9543 7878

1401 1482 1702 1612 2203 2028 2292 2035 2174

26386 27463 29725 30003 29133 29892 25435 22973 22802

31158 32787 32807 34211 34828 39611 35240 30733 29560

39874 41970 44303 47614 46291 49384 45553 45501 49012

17414 18187 19291 20200 21900 24976 22974 20277 19660

116077 123151 135531 147146 174359 170786 154216 141568 132894

58624 64622 73191 79766 90227 82769 66073 62058 64962

29654 38981 49354 49675 55941 53055 44988 40685 43967

28969 25641 23837 30091 34287 29714 21085 21373 20995

37101 37946 38296 36808 42836 43832 42829 43655 39145

13274 12914 15511 20989 30813 33515 36608 27240 20295

1797 2312 2715 2891 2975 3499 3233 3827 4241

5281 5357 5818 6692 7508 7171 5473 4788 4251

99858 105814 116890 129456 133740 142121 142057 142408 150520

24455 25545 29785 33600 36526 39496 37389 36032 36761

1423 1554 1608 1805 2010 2132 2133 2279 2320

23033 23991 28177 31795 34516 37364 35257 33753 34441

13946 14088 16245 17002 12625 13991 14983 17353 18992

4265 3979 5679 5729 4010 4998 4732 6055 6575

9680 10109 10566 11273 8615 8993 10251 11298 12417

15835 18062 19529 22330 22992 23502 20963 19554 20842

1570 1784 2552 2754 2610 2568 2032 1671 1810

14265 16278 16977 19576 20383 20934 18932 17883 19032

2535 2696 3587 3625 5329 5336 6239 4107 5048
14170 14820 14781 16775 18313 19046 19899 19480 19522

3321 3222 3631 4297 4123 4318 4662 4977 5300

614 672 690 767 791 838 869 913 985

2707 2550 2941 3531 3332 3480 3792 4064 4315

25596 27381 29332 31827 33832 36432 37922 40905 44055

5136 4844 4774 4049 3358 3524 2564 2802 3066

6327 6330 6269 6691 7303 7791 7984 8234 8481

158189 166860 174978 186808 188124 201652 188315 176316 181368
2004 2005 2006 2007 2008 2009 2010 2011

925548 1005409 1081936 1122824 1079743 911759 1024543 1130228

916383 995571 1071659 1112569 1069990 903022 1015666 1121160

455310 475269 505236 536602 536387 504014 543847 566042

369304 380074 405880 431448 430892 406232 435582 452836

80212 78889 84890 87032 84920 75590 93835 103073

205681 218004 229785 245006 257213 253204 257923 271335

83411 83181 91205 99410 88759 77438 83824 78428

51066 58613 60662 67930 68216 65533 72147 75898

24104 28250 27911 32638 29607 27071 31704 33172

26963 30363 32751 35291 38609 38463 40443 42727

21762 23555 25677 26619 26717 23127 27269 28322

4787 4456 4061 6156 5674 4416 3924 3935

8391 8571 8956 4449 4888 4706 4925 5051

142030 159643 178421 193019 194462 156157 168620 195694

12018 13547 16078 18427 21048 18894 18328 18973

4746 5476 6874 10282 11401 8966 8979 9513

2534 2892 3807 6785 7973 6938 7096 7276

2212 2584 3067 3497 3429 2029 1883 2236

23370 26328 27877 28877 29598 20980 22542 25518

29343 31777 35320 38013 35107 26531 29164 40658

51731 60165 66323 68402 68222 56686 60646 68498

20822 22350 25949 29018 29086 24100 28961 32534

161118 181715 198210 190169 146905 77796 122739 157744

86419 102986 114129 97194 63631 23431 52617 79896

57017 66525 73304 66580 40109 5920 31044 45127

29402 36461 40825 30613 23521 17511 21573 34770

41265 45029 49650 49110 36559 18129 34291 38186

23724 21967 21475 28879 29208 22343 22334 23911

4850 4771 4340 5626 7181 6246 6319 7464

4860 6962 8616 9360 10326 7647 7178 8287

163575 184174 196795 201283 203427 171772 191475 216930

38852 42779 44307 42776 42520 31936 35092 38775

2429 2618 2647 2577 2427 1965 2056 2062

36423 40161 41660 40198 40093 29972 33037 36713

21479 23506 22421 23114 27477 26666 30494 34886

7721 8350 7718 8125 9150 8368 9921 11377

13758 15155 14703 14990 18327 18298 20574 23509

24690 32076 37599 36924 35098 25800 35407 49162

1858 2590 3065 2879 2923 1789 2767 3640

22832 29487 34534 34045 32175 24011 32640 45522

6034 8722 13696 18949 18620 16411 15735 17455
20274 21884 22195 22068 22355 20679 20622 20058

6472 6319 6382 5472 5567 4515 4991 5342

1054 1109 1103 1062 984 840 898 918

5418 5210 5279 4410 4583 3674 4093 4424

45774 48888 50195 51980 51790 45765 49134 51252

5650 5231 7002 8504 11190 6715 11012 15249

9165 9838 10277 10255 9753 8737 8877 9068

193582 221078 245876 258772 258073 211370 234977 278176
Current-Dollar and "Real" Gross Domestic Product

Annual Quarterly

 (Seasonally adjusted annual rates)

GDP in 

billions of 

current 

dollars

GDP in 

billions of 

chained 

2005 

dollars

GDP in 

billions of 

current 

dollars

GDP in 

billions of 

chained 

2005 

dollars

1929 103.6 976.1 1947q1 237.2 1,770.7

1930 91.2 892.0 1947q2 240.4 1,768.0

1931 76.5 834.2 1947q3 244.5 1,766.5

1932 58.7 725.2 1947q4 254.3 1,793.3

1933 56.4 715.8 1948q1 260.3 1,821.8

1934 66.0 793.7 1948q2 267.3 1,855.3

1935 73.3 864.2 1948q3 273.8 1,865.3

1936 83.8 977.0 1948q4 275.1 1,868.2

1937 91.9 1,027.1 1949q1 269.9 1,842.2

1938 86.1 991.8 1949q2 266.2 1,835.5

1939 92.2 1,071.9 1949q3 267.6 1,856.1

1940 101.4 1,165.9 1949q4 265.2 1,838.7

1941 126.7 1,365.0 1950q1 275.2 1,913.0

1942 161.9 1,616.8 1950q2 284.5 1,971.2

1943 198.6 1,881.5 1950q3 301.9 2,048.4

1944 219.8 2,033.5 1950q4 313.3 2,084.4

1945 223.0 2,010.7 1951q1 329.0 2,110.7

1946 222.2 1,790.7 1951q2 336.6 2,145.7

1947 244.1 1,774.6 1951q3 343.5 2,188.5

1948 269.1 1,852.7 1951q4 347.9 2,192.2

1949 267.2 1,843.1 1952q1 351.2 2,214.3

1950 293.7 2,004.2 1952q2 352.1 2,216.7

1951 339.3 2,159.3 1952q3 358.5 2,231.6

1952 358.3 2,242.0 1952q4 371.4 2,305.3

1953 379.3 2,345.2 1953q1 378.4 2,348.4

1954 380.4 2,330.4 1953q2 382.0 2,366.2

1955 414.7 2,498.2 1953q3 381.1 2,351.8

1956 437.4 2,547.6 1953q4 375.9 2,314.6

1957 461.1 2,598.8 1954q1 375.2 2,303.5

1958 467.2 2,575.4 1954q2 376.0 2,306.4

1959 506.6 2,760.1 1954q3 380.8 2,332.4

1960 526.4 2,828.5 1954q4 389.4 2,379.1

1961 544.8 2,894.4 1955q1 402.6 2,447.7

1962 585.7 3,069.8 1955q2 410.9 2,488.1

1963 617.8 3,204.0 1955q3 419.4 2,521.4

1964 663.6 3,389.4 1955q4 426.0 2,535.5

1965 719.1 3,607.0 1956q1 428.3 2,523.9

1966 787.7 3,842.1 1956q2 434.2 2,543.8

1967 832.4 3,939.2 1956q3 439.2 2,540.6

1968 909.8 4,129.9 1956q4 448.1 2,582.1
1969 984.4 4,258.2 1957q1 457.2 2,597.9

1970 1,038.3 4,266.3 1957q2 459.2 2,591.7

1971 1,126.8 4,409.5 1957q3 466.4 2,616.6

1972 1,237.9 4,643.8 1957q4 461.5 2,589.1

1973 1,382.3 4,912.8 1958q1 453.9 2,519.0

1974 1,499.5 4,885.7 1958q2 458.0 2,534.5

1975 1,637.7 4,875.4 1958q3 471.7 2,593.9

1976 1,824.6 5,136.9 1958q4 485.0 2,654.3

1977 2,030.1 5,373.1 1959q1 495.5 2,708.0

1978 2,293.8 5,672.8 1959q2 508.5 2,776.4

1979 2,562.2 5,850.1 1959q3 509.3 2,773.1

1980 2,788.1 5,834.0 1959q4 513.2 2,782.8

1981 3,126.8 5,982.1 1960q1 527.0 2,845.3

1982 3,253.2 5,865.9 1960q2 526.2 2,832.0

1983 3,534.6 6,130.9 1960q3 529.0 2,836.6

1984 3,930.9 6,571.5 1960q4 523.7 2,800.2

1985 4,217.5 6,843.4 1961q1 528.0 2,816.9

1986 4,460.1 7,080.5 1961q2 539.0 2,869.6

1987 4,736.4 7,307.0 1961q3 549.5 2,915.9

1988 5,100.4 7,607.4 1961q4 562.6 2,975.3

1989 5,482.1 7,879.2 1962q1 576.1 3,028.7

1990 5,800.5 8,027.1 1962q2 583.2 3,062.1

1991 5,992.1 8,008.3 1962q3 590.0 3,090.4

1992 6,342.3 8,280.0 1962q4 593.3 3,097.9

1993 6,667.4 8,516.2 1963q1 602.5 3,138.4

1994 7,085.2 8,863.1 1963q2 611.2 3,177.7

1995 7,414.7 9,086.0 1963q3 623.9 3,237.6

1996 7,838.5 9,425.8 1963q4 633.5 3,262.2

1997 8,332.4 9,845.9 1964q1 649.6 3,335.4

1998 8,793.5 10,274.7 1964q2 658.9 3,373.7

1999 9,353.5 10,770.7 1964q3 670.5 3,419.5

2000 9,951.5 11,216.4 1964q4 675.6 3,429.0

2001 10,286.2 11,337.5 1965q1 695.7 3,513.3

2002 10,642.3 11,543.1 1965q2 708.1 3,560.9

2003 11,142.2 11,836.4 1965q3 725.2 3,633.2

2004 11,853.3 12,246.9 1965q4 747.5 3,720.8

2005 12,623.0 12,623.0 1966q1 770.8 3,812.2

2006 13,377.2 12,958.5 1966q2 779.9 3,824.9

2007 14,028.7 13,206.4 1966q3 793.1 3,850.0

2008 14,291.5 13,161.9 1966q4 806.9 3,881.2

2009 13,939.0 12,703.1 1967q1 817.8 3,915.4

2010 14,526.5 13,088.0 1967q2 822.3 3,916.2

2001/2005 0.898162 1967q3 837.0 3,947.5

Source: BEA, Current-Dollar and Real GDP 1967q4 852.7 3,977.6

http://www.bea.gov/national/index.htm 1968q1 879.8 4,059.5

1968q2 904.1 4,128.5

1968q3 919.3 4,156.7

1968q4 936.2 4,174.7

1969q1 960.9 4,240.5

1969q2 976.1 4,252.8

1969q3 996.3 4,279.7

1969q4 1,004.5 4,259.6
1970q1 1,017.1 4,252.9

1970q2 1,033.1 4,260.7

1970q3 1,050.5 4,298.6

1970q4 1,052.7 4,253.0

1971q1 1,098.1 4,370.3

1971q2 1,118.8 4,395.1

1971q3 1,139.1 4,430.2

1971q4 1,151.4 4,442.5

1972q1 1,190.1 4,521.9

1972q2 1,225.6 4,629.1

1972q3 1,249.3 4,673.5

1972q4 1,286.6 4,750.5

1973q1 1,335.1 4,872.0

1973q2 1,371.5 4,928.4

1973q3 1,390.7 4,902.1

1973q4 1,431.8 4,948.8

1974q1 1,446.5 4,905.4

1974q2 1,484.8 4,918.0

1974q3 1,513.7 4,869.4

1974q4 1,552.8 4,850.2

1975q1 1,569.4 4,791.2

1975q2 1,605.0 4,827.8

1975q3 1,662.4 4,909.1

1975q4 1,713.9 4,973.3

1976q1 1,771.9 5,086.3

1976q2 1,804.2 5,124.6

1976q3 1,837.7 5,149.7

1976q4 1,884.5 5,187.1

1977q1 1,938.5 5,247.3

1977q2 2,005.2 5,351.6

1977q3 2,066.0 5,447.3

1977q4 2,110.8 5,446.1

1978q1 2,149.1 5,464.7

1978q2 2,274.7 5,679.7

1978q3 2,335.2 5,735.4

1978q4 2,416.0 5,811.3

1979q1 2,463.3 5,821.0

1979q2 2,526.4 5,826.4

1979q3 2,599.7 5,868.3

1979q4 2,659.4 5,884.5

1980q1 2,724.1 5,903.4

1980q2 2,728.0 5,782.4

1980q3 2,785.2 5,771.7

1980q4 2,915.3 5,878.4

1981q1 3,051.4 6,000.6

1981q2 3,084.3 5,952.7

1981q3 3,177.0 6,025.0

1981q4 3,194.7 5,950.0

1982q1 3,184.9 5,852.3

1982q2 3,240.9 5,884.0

1982q3 3,274.4 5,861.4

1982q4 3,312.5 5,866.0
1983q1 3,381.0 5,938.9

1983q2 3,482.2 6,072.4

1983q3 3,587.1 6,192.2

1983q4 3,688.1 6,320.2

1984q1 3,807.4 6,442.8

1984q2 3,906.3 6,554.0

1984q3 3,976.0 6,617.7

1984q4 4,034.0 6,671.6

1985q1 4,117.2 6,734.5

1985q2 4,175.7 6,791.5

1985q3 4,258.3 6,897.6

1985q4 4,318.7 6,950.0

1986q1 4,382.4 7,016.8

1986q2 4,423.2 7,045.0

1986q3 4,491.3 7,112.9

1986q4 4,543.3 7,147.3

1987q1 4,611.1 7,186.9

1987q2 4,686.7 7,263.3

1987q3 4,764.5 7,326.3

1987q4 4,883.1 7,451.7

1988q1 4,948.6 7,490.2

1988q2 5,059.3 7,586.4

1988q3 5,142.8 7,625.6

1988q4 5,251.0 7,727.4

1989q1 5,360.3 7,799.9

1989q2 5,453.6 7,858.3

1989q3 5,532.9 7,920.6

1989q4 5,581.7 7,937.9

1990q1 5,708.1 8,020.8

1990q2 5,797.4 8,052.7

1990q3 5,850.6 8,052.6

1990q4 5,846.0 7,982.0

1991q1 5,880.2 7,943.4

1991q2 5,962.0 7,997.0

1991q3 6,033.7 8,030.7

1991q4 6,092.5 8,062.2

1992q1 6,190.7 8,150.7

1992q2 6,295.2 8,237.3

1992q3 6,389.7 8,322.3

1992q4 6,493.6 8,409.8

1993q1 6,544.5 8,425.3

1993q2 6,622.7 8,479.2

1993q3 6,688.3 8,523.8

1993q4 6,813.8 8,636.4

1994q1 6,916.3 8,720.5

1994q2 7,044.3 8,839.8

1994q3 7,131.8 8,896.7

1994q4 7,248.2 8,995.5

1995q1 7,307.7 9,017.6

1995q2 7,355.8 9,037.0

1995q3 7,452.5 9,112.9

1995q4 7,542.5 9,176.4
1996q1 7,638.2 9,239.3

1996q2 7,800.0 9,399.0

1996q3 7,892.7 9,480.8

1996q4 8,023.0 9,584.3

1997q1 8,137.0 9,658.0

1997q2 8,276.8 9,801.2

1997q3 8,409.9 9,924.2

1997q4 8,505.7 10,000.3

1998q1 8,600.6 10,094.8

1998q2 8,698.6 10,185.6

1998q3 8,847.2 10,320.0

1998q4 9,027.5 10,498.6

1999q1 9,148.6 10,592.1

1999q2 9,252.6 10,674.9

1999q3 9,405.1 10,810.7

1999q4 9,607.7 11,004.8

2000q1 9,709.5 11,033.6

2000q2 9,949.1 11,248.8

2000q3 10,017.5 11,258.3

2000q4 10,129.8 11,325.0

2001q1 10,165.1 11,287.8

2001q2 10,301.3 11,361.7

2001q3 10,305.2 11,330.4

2001q4 10,373.1 11,370.0

2002q1 10,498.7 11,467.1

2002q2 10,601.9 11,528.1

2002q3 10,701.7 11,586.6

2002q4 10,766.9 11,590.6

2003q1 10,887.4 11,638.9

2003q2 11,011.6 11,737.5

2003q3 11,255.1 11,930.7

2003q4 11,414.8 12,038.6

2004q1 11,589.9 12,117.9

2004q2 11,762.9 12,195.9

2004q3 11,936.3 12,286.7

2004q4 12,123.9 12,387.2

2005q1 12,361.8 12,515.0

2005q2 12,500.0 12,570.7

2005q3 12,728.6 12,670.5

2005q4 12,901.4 12,735.6

2006q1 13,161.4 12,896.4

2006q2 13,330.4 12,948.7

2006q3 13,432.8 12,950.4

2006q4 13,584.2 13,038.4

2007q1 13,758.5 13,056.1

2007q2 13,976.8 13,173.6

2007q3 14,126.2 13,269.8

2007q4 14,253.2 13,326.0

2008q1 14,273.9 13,266.8

2008q2 14,415.5 13,310.5

2008q3 14,395.1 13,186.9

2008q4 14,081.7 12,883.5
2009q1 13,893.7 12,663.2

2009q2 13,854.1 12,641.3

2009q3 13,920.5 12,694.5

2009q4 14,087.4 12,813.5

2010q1 14,277.9 12,937.7

2010q2 14,467.8 13,058.5

2010q3 14,605.5 13,139.6

2010q4 14,755.0 13,216.1

2011q1 14,867.8 13,227.9

2011q2 15,012.8 13,271.8

2011q3 15,198.6 13,352.8