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Annual Capital Expenditures: 2019

Summary of Findings

General highlights

In 2019, U.S. nonfarm businesses with and without employees invested $1,919.2 billion in new and used structures and equipment.  Companies with employees accounted for  $1,807.8 billion (94.5 percent) and companies without employees accounted for $111.4 billion (5.8 percent) of capital spending in 2019. (See Summary Table A below, and Tables 1a and 1b).

Capital expenditures for companies without employees was not collected for the 2018 survey.

Click to enlarge.

Companies with employees

In 2019, U.S. nonfarm employer businesses invested $1,807.8 billion in new and used structures and equipment, an increase of $108.7 billion (6.4 percent) from the revised 2018 employer total of $1,699.1 billion. Total spending on new structures and new equipment was $1,696.9 billion, an increase of $86.3 (5.4 percent) from the revised 2018 total of $1,610.6 billion.  (See Summary Table B below, and Tables 1a and 1b).

Expenditures on new and used structures totaled $710.3 billion in 2019, up $62.0 billion (9.6 percent) from 2018 (See Figure 1). Of this amount, $657.5 billion (92.6 percent) was spent for new structures, an increase of $45.0 billion (7.3 percent) from 2018. Expenditures for used structures totaled $52.8 billion.

Spending on new and used equipment totaled $1,097.5 billion in 2019, up $46.7 billion (4.4 percent) from 2018. Of this amount, $1,039.4 billion (94.7 percent) was for new equipment, an increase of $41.3 billion (4.1 percent) from 2018. Expenditures for used equipment totaled $52.8 billion (about 7.4 percent of total structure spending), an increase of $17.0 billion (47.4 percent) from 2018. (See Figure 2).

 

 

Click to enlarge

Highlights by business sector for companies with employees (See Tables 2, 3, and 4)

(Data in this section is based on the 2012 North American Industry Classification System. Data is only for companies with employees because companies without employees are not asked to report capital expenditures by sector or industry.)

Of the 19 NAICS major industry sectors covered in this report, 9 had a statistically significant increase in capital spending in 2019 compared with 2018, and 10 showed no statistically significant change. The values of structures and equipment may not sum to the values of total capital expenditures due to rounding (See Summary Chart A below, Figure 3 and Figure 4).

Based on 130 industries shown in this report, 42 had a statistically significant increase in spending, 18 had a statistically significant decrease, 70 showed no significant change from the prior year.

Click to enlarge

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Manufacturing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Manufacturing

272.9

258.1

5.7%

 

Structures

65.5

58.9

11.2%

 

Equipment

207.4

199.2

4.1%

 

Durable Goods Industries

141.4

137.8

2.6%

NS

Structures

27.6

26.3

4.8%

NS

Equipment

113.8

111.4

2.1%

NS

Nondurable Goods Industries

131.5

120.3

9.3%

 

Structures

37.9

32.6

16.3%

 

Equipment

93.6

87.7

6.7%

 

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Finance and Insurance

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Finance and Insurance

195.3

181.5

7.6%

 

Structures

31.8

25.6

24.5%

 

Equipment

163.5

156.0

4.8%

NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Information

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Information

176.8

175.1

1.0%

NS

Structures

51.4

43.5

18.3%

 

Equipment

125.3

131.6

-4.8%

 
Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Real Estate and Rental and Leasing

 

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Real Estate and Rental and Leasing

181.2

173.9

4.2%

 NS

Structures

72.6

70.5

3.0%

 NS

Equipment

108.6

103.4

5.0%

 NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Mining

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Mining

158.1

153.4

3.1%

 NS

Structures

114.6

114.1

0.5%

 NS

Equipment

43.4

39.3

10.5%

  NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Utilities

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Utilities

172.6

151.0

14.3%

 

Structures

90.7

78.3

15.8%

 

Equipment

82.0

72.7

12.7%

 
Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Transportation and Warehousing

 

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Transportation and Warehousing

128.5

122.4

5.0%

 

Structures

52.7

44.6

18.0%

 

Equipment

75.9

77.7

-2.4%

 NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Health Care and Social Assistance

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Health Care and Social Assistance

116.7

108.6

7.5

 

Structures

69.3

59.9

15.8

 

Equipment

47.4

48.7

-2.6

NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Retail Trade

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Retail Trade

98.6

89.2

10.5%


Structures

42.8

38.9

10.2%

 

Equipment

55.8

50.4

10.7%

 

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Professional, scientific, and technical services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Professional, scientific, and technical services

43.5

42.0

3.6%

 NS

Structures

13.1

13.6

-3.9%

 NS

Equipment

30.5

28.4

7.2%

 NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Wholesale Trade

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Wholesale Trade

40.6

42.8

-5.2%

 NS

Structures

10.1

12.8

-20.7%

 

Equipment

30.5

30.0

1.4%

 NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Construction

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Construction

50.4

39.0

29.2%

 

Structures

7.7

4.0

89.8%

 

Equipment

42.7

34.9

22.2%

 

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Educational services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Educational services

31.8

35.5

-10.4%

 NS

Structures

25.0

29.1

-14.0%

 NS

Equipment

6.8

6.4

6.1%

 NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Accommodation and food services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Accommodation and food services

44.7

35.4

26.3%

 

Structures

22.0

17.4

26.6%

 NS

Equipment

22.7

18.0

26.1%

 

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Administrative and support and waste management

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Administrative and support and waste management

31.7

29.4

7.7%

 NS

Structures

7.5

7.0

7.5%

 NS

Equipment

24.2

22.4

7.8%

 NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Arts, Entertainment, and Recreation

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Arts, Entertainment, and Recreation

24.5

24.7

-0.8%

NS

Structures

15.2

14.8

3.2%

NS

Equipment

9.3

10.0

-6.6%

 NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Other Services (except public administration)

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Other Services (except public administration)

25.3

22.2

14.0%

 NS

Structures

15.2

12.4

22.8%

 NS

Equipment

10.1

9.8

2.8%

 NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Management of companies and enterprises

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Management of companies and enterprises

7.3

6.9

6.2%

 

Structures

1.7

1.7

-1.0%

 NS

Equipment

5.6

5.1

8.6%

 
Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Forestry, fishing, and agricultural services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2019 and 2018 Revised

(Billions of current dollars)

Capital expenditures

2019

2018

% Change

Total Forestry, fishing, and agricultural services

4.1

4.7

-12.8%

 NS

Structures

.8

.7

17.3%

 NS

Equipment

3.2

3.9

-18.3%

 NS

Source: U.S. Census Bureau, 2019 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant
See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Tables

Page Last Revised - October 8, 2021
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