Table 2 - Growth in Transportation Investment by Type of Asset Compared with Growth in GDP, 1977-2000

Table 2 - Growth in Transportation Investment by Type of Asset Compared with Growth in GDP, 1977-2000

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  1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
Infrastructure -7.56151 9.272799 8.877926 -3.40444 -10.8802 -11.6882 7.126564 16.92868 9.005437 -0.40575 1.090296 3.065963 1.446202 7.141462 0.297304 2.396809 5.606882 4.433754 -4.03545 1.917559 6.281507 7.369851 7.092436 -2.68717
Rolling stock 16.3245 10.0392 -1.24933 -16.7874 2.200975 -4.25681 15.46412 17.0932 13.19519 5.780586 -2.05254 -0.21413 3.49184 -5.48015 -5.10799 11.00171 8.730923 1.20521 3.677284 -2.59603 11.53955 12.10506 7.647588 5.33744
Other equipment 24.31931 81.28422 57.00165 4.704442 -11.6419 -16.3894 3.707891 39.37214 -2.4871 14.9984 -11.0894 19.89332 4.645381 -12.042 -10.3782 24.15926 31.05915 35.01657 17.78339 7.846503 23.70829 9.653556 0.364551 22.82899
Total investment 12.0572 10.43031 0.923586 -14.2673 -0.45181 -5.68848 14.00569 17.42279 12.31088 5.086199 -1.80718 0.548115 3.234686 -3.91439 -4.39334 9.871422 8.697039 2.436928 2.984377 -1.62668 11.26346 11.36923 7.27492 4.98183
U.S. GDP 4.640861 5.514429 3.182372 -0.22801 2.45057 -2.02549 4.329884 7.265748 3.849088 3.416068 3.397943 4.172869 3.507945 1.761279 -0.4696 3.049548 2.65407 4.036757 2.668862 3.571145 4.432243 4.282125 4.114515 3.752116

Notes: All growth rates are calculated based on chained 1996 dollar values. Other equipment includes transportation industries' investment in all types of equipment excluding rolling stock.

Sources: BTS calculations based on data from U.S. Department of Commerce, Bureau of Economic Analysis (BEA), "Fixed Assets and Consumer Durables," "National Income and Product Account (NIPA) Tables," available at http://www.bea.gov, as of July 2002; and personal communication with BEA.