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Annual Capital Expenditures: 2021

Summary of Findings

General highlights

In 2021, U.S. nonfarm companies with employees invested $1,681.7 billion in new and used structures and equipment, an increase of $82.9 billion (5.2 percent) from the revised 2020 employer total of $1,598.8 billion (See Summary Table A below, and Tables 1a and 1b). Total spending on new structures and new equipment was $1,578.6 billion, an increase of $72.4 billion (4.8 percent) from the revised 2020 total of $1,506.2 billion. Information on companies without employees was not collected for the 2021 survey.

Expenditures on new and used structures totaled $628.1 billion in 2021, not statistically different from the revised 2020 total of $620.2 billion. (See Figure 1). Of this amount, $579.7 billion (92.3 percent) was spent for new structures, not significantly different from the $581.9 billion in 2020. Expenditures for used structures totaled $48.4 billion, an increase of $10.1 billion (26.2 percent) from the revised 2020 total of $38.3 billion.

Spending on new and used equipment totaled $1,053.6 billion in 2021, an increase of  $75.0 billion (7.7 percent) from the revised 2020 total of $978.6 billion. (See Figure 1). Of this amount, $999.0 billion (94.8 percent) was for new equipment, an increase of $74.6 billion (8.1 percent) from the revised 2020 total of $924.4 billion. Expenditures for used equipment totaled $54.7 billion.

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 2017 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, 8 had a statistically significant increase in capital spending in 2021 compared with 2020, and 2 had a statistically decrease in capital spending, and 9 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 2 and Figure 3).

Click to enlarge

Of the 130 industries covered in this report, 40 had a statistically significant increase in spending, 25 had a statistically significant decrease, and 65 showed no statistically significant change from the prior year.

Manufacturing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Manufacturing

282.2

256.7

9.9%

 

Structures

68.6

69.1

-0.6%

    NS

Equipment

213.6

187.7

13.8%

 

Durable Goods Industries

153.7

128.3

19.8%

 

Structures

32.9

27.4

19.9%

     

Equipment

120.8

100.9

19.7%

 

Nondurable Goods Industries

128.5

128.4

0.1%

    NS

Structures

35.7

41.6

-14.2%

     

Equipment

92.8

86.8

6.9%

 

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Information

194.5

169.8

14.5%

 

Structures

53.3

47.8

11.3%

 

Equipment

141.2

121.9

15.8%

 
Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Utilities

177.8

182.2

-2.4%

 NS

Structures

86.9

96.5

-10.0%

 

Equipment

90.9

85.7

6.1%

 
Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Finance and Insurance

174.3

174.9

-0.3%

 NS

Structures

22.2

27.5

-19.2%

 

Equipment

152.1

147.4

3.2%

 
Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Real Estate and Rental and Leasing

158.3

136.0

16.4%

 

Structures

81.9

66.4

23.3%

 NS

Equipment

76.5

69.6

9.8%

 NS

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Retail Trade

120.3

105.2

14.4%


Structures

52.6

43.6

20.7%

   

Equipment

67.7

61.6

9.9%

 

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Health Care and Social Assistance

113.9

104.8

8.6%

 

Structures

64.9

59.6

9.0%

 NS

Equipment

49.0

45.2

8.2%

 

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Transportation and Warehousing

93.7

97.8

-4.2%

NS

Structures

36.0

39.5

-8.8%

 NS

Equipment

57.7

58.3

-1.0%

NS

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Mining

91.1

97.7

-6.7%

 

Structures

63.9

66.0

-3.1%

 NS

Equipment

27.2

31.8

-14.2%

 
Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Professional, Scientific, and Technical Services

46.6

40.3

15.7%

 

Structures

10.9

11.0

-0.5%

 NS

Equipment

35.7

29.3

21.7%

 

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Construction

44.9

52.1

-13.9%

NS

Structures

5.6

10.8

-47.6%

 

Equipment

39.3

41.4

-5.1%

 NS

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Wholesale Trade

40.4

36.0

12.5%

 

Structures

11.8

9.6

22.9%

 

Equipment

28.6

26.3

8.7%

NS

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Accommodation and Food Services

30.9

30.8

0.2%

 NS

Structures

15.9

14.6

8.7%

 NS

Equipment

14.9

16.2

-7.6%

NS

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Educational Services

28.8

32.8

-12.2%

 

Structures

20.9

26.1

-20.1%

 

Equipment

8.0

6.8

18.0%

 

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021   

2020   

% Change

Total Administrative and Support and Waste Management

26.7

28.8

-7.3%

  NS

Structures

4.6

5.7

-19.1%   

 

Equipment

22.1

23.1

-4.4%

NS

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Other Services (except public administration)

25.6

22.5

13.5%

 NS

Structures

14.2

12.4

13.9%

 NS

Equipment

11.4

10.1

13.1%

NS

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Arts, Entertainment, and Recreation

18.5

17.8

4.0%

NS

Structures

11.0

11.3

-2.6%

NS

Equipment

7.5

6.5

15.6%

 NS

Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Management of Companies and Enterprises

8.1

7.1

 15.2%  

 

Structures

2.0

1.7

17.6%

 

Equipment

6.2

5.4

14.4%

 
Source: U.S. Census Bureau, 2021 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: 2021 and 2020 Revised

(Billions of current dollars)

Capital expenditures

2021

2020

% Change

Total Forestry, Fishing, and Agricultural Services

3.1

3.2

-5.7%

 NS

Structures

0.4

0.6

-33.3%

 

Equipment

2.7

2.7

0.0%

 NS

Source: U.S. Census Bureau, 2021 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.

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Page Last Revised - January 9, 2023
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