General highlights
In 2022, U.S. nonfarm companies with employees and without employees invested $2,197.0 billion in new and used structures and equipment. Companies with employees accounted for $1,899.9 billion (86.5 percent) and companies without employees accounted for $297.1 billion (13.5 percent) of capital spending in 2022. (See Summary Table A below, and Tables 1a and 1b).
Capital expenditures for companies without employees was not collected for the 2021 survey.
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Companies with employees
In 2022, U.S. nonfarm employer businesses invested $1,899.9 billion in new and used structures and equipment, an increase of $217.8 billion (12.9 percent) from the revised 2021 employer total of $1,682.1 billion. Total spending on new structures and new equipment was $1,786.4 billion, an increase of $208.1 billion (13.2 percent) from the revised 2021 total of $1,578.3 billion. Total spending on used structures and used equipment was $113.5 billion, not statistically different from the revised 2021 total of $103.8 billion. (See Summary Table B below, and Tables 1a and 1b).
Expenditures on new and used structures totaled $723.0 billion in 2022, an increase of $91.3 billion (14.5 percent) from the revised 2021 total of $631.7 billion. (See Figure 1). Of this amount, $671.4 billion (92.9 percent) was spent for new structures, an increase of $88.4 billion (15.2 percent) from the revised 2021 total of $583.0 billion. Expenditures for used structures totaled $51.7 billion, not statistically different from the revised total of $48.8 billion in 2021.
Spending on new and used equipment totaled $1,176.9 billion in 2022, up $126.5 billion (12.0 percent) from the revised total of $1,050.3 billion in 2021. Of this amount, $1,115.0 billion (94.7 percent) was for new equipment, an increase of $119.7 billion (12.0 percent) from the revised total of $995.3 billion in 2021. Expenditures for used equipment totaled $61.8 billion (5.3 percent of total equipment spending), an increase of $6.8 billion (12.3 percent) from the revised total of $55.0 billion in 2021. (See Figure 2).
(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, 11 had a statistically significant increase in capital spending in 2022 compared with 2021, 1 had a statistically significant decrease in spending, and 7 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).
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Of the 131 industries covered in this report, 61 had a statistically significant increase in spending, 15 had a statistically significant decrease, and 55 showed no statistically significant change from the prior year. The values of structures and equipment may not sum to the values of total capital expenditures due to rounding.
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Manufacturing |
314.3 |
284.2 |
10.6% |
|
|
Structures |
76.5 |
68.6 |
11.5% |
||
Equipment |
237.8 |
215.5 |
10.3% |
|
|
Durable Goods Industries |
179.1 |
155.3 |
15.3% |
||
Structures |
39.7 |
32.9 |
20.9% |
||
Equipment |
139.3 |
122.5 |
13.8% |
||
Nondurable Goods Industries |
135.2 |
128.8 |
5.0% |
||
Structures |
36.8 |
35.8 |
2.9% |
NS |
|
Equipment |
98.4 |
93.1 |
5.8% |
|
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Information |
253.9 |
195.0 |
30.2% |
||
Structures |
75.0 |
53.3 |
40.8% |
||
Equipment |
178.9 |
141.7 |
26.2% |
||
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Utilities |
188.4 |
177.8 |
6.0% |
|
|
Structures |
96.0 |
86.9 |
10.5% |
||
Equipment |
92.4 |
90.9 |
1.7% |
NS |
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Finance and Insurance |
178.6 |
174.2 |
2.6% |
NS |
|
Structures |
31.7 |
22.1 |
43.5% |
||
Equipment |
147.0 |
152.1 |
-3.4% |
||
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Real Estate and Rental and Leasing |
164.8 |
159.9 |
3.0% |
NS |
|
Structures |
83.1 |
83.8 |
-0.9% |
NS |
|
Equipment |
81.7 |
76.1 |
7.4% |
NS |
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Retail Trade |
134.9 |
120.4 |
12.0% |
|
|
Structures |
57.8 |
52.7 |
9.7% |
|
|
Equipment |
77.1 |
67.8 |
13.7% |
|
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Transportation and Warehousing |
118.3 |
93.9 |
26.0% |
|
|
Structures |
39.6 |
36.0 |
10.1% |
NS |
|
Equipment |
78.6 |
57.9 |
35.9% |
|
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Mining |
112.5 |
84.0 |
33.9% |
||
Structures |
84.8 |
63.9 |
32.6% |
|
|
Equipment |
27.7 |
20.1 |
38.2% |
||
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Health Care and Social Assistance |
109.4 |
115.3 |
-5.1% |
||
Structures |
60.6 |
66.1 |
-8.3% |
||
Equipment |
48.8 |
49.1 |
-0.7% |
|
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Construction |
53.7 |
45.0 |
19.4% |
NS |
|
Structures |
8.8 |
5.6 |
56.2% |
|
|
Equipment |
44.9 |
39.3 |
14.1% |
NS |
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Wholesale Trade |
49.3 |
40.4 |
22.0% |
|
|
Structures |
14.4 |
11.8 |
21.7% |
|
|
Equipment |
34.9 |
28.6 |
22.1% |
|
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Professional, Scientific, and Technical Services |
45.0 |
46.4 |
-3.0% |
NS |
|
Structures |
10.8 |
10.9 |
-1.1% |
NS |
|
Equipment |
34.2 |
35.5 |
-3.6% |
NS |
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Accommodation and Food Services |
40.0 |
31.1 |
28.6% |
||
Structures |
21.1 |
16.0 |
31.5% |
|
|
Equipment |
18.9 |
15.1 |
25.5% |
|
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Administrative and Support and Waste Management |
37.7 |
28.2 |
33.6% |
|
|
Structures |
6.9 |
4.9 |
40.0% |
||
Equipment |
30.8 |
23.3 |
32.3% |
|
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Educational Services |
30.9 |
28.8 |
7.3% |
NS |
|
Structures |
22.6 |
20.9 |
8.5% |
NS |
|
Equipment |
8.3 |
8.0 |
4.1% |
NS |
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Arts, Entertainment, and Recreation |
26.6 |
18.5 |
43.2% |
|
|
Structures |
16.3 |
11.1 |
47.6% |
|
|
Equipment |
10.2 |
7.5 |
36.6% |
|
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Other Services (except public administration) |
25.4 |
25.6 |
-0.5% |
NS |
|
Structures |
13.8 |
14.2 |
-2.7% |
NS |
|
Equipment |
11.7 |
11.4 |
2.3% |
|
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Management of Companies and Enterprises |
10.0 |
8.1 |
23.2% |
|
|
Structures |
2.2 |
2.0 |
12.1% |
|
|
Equipment |
7.8 |
6.2 |
26.8% |
|
|
Source: U.S. Census Bureau, 2022 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. |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2022 and 2021 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2022 |
2021 |
% Change |
||
Total Forestry, Fishing, and Agricultural Services |
4.2 |
3.1 |
38.1% |
NS |
|
Structures |
0.5 |
0.4 |
43.9% |
NS |
|
Equipment |
3.7 |
2.7 |
37.3% |
NS |
|
Source: U.S. Census Bureau, 2022 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. |