Fixed Assets and Consumer Durable Goods.

Herman, Shelby W.

* Estimates for 1925-98

* New NIPA Table--Changes in Net Stock of Produced Assets

As part of the comprehensive revision of the national income and product accounts (NIPA's), the Bureau of Economic Analysis (BEA) has released new estimates of fixed assets and consumer durable goods (formerly "fixed reproducible tangible wealth") for 1998 and revised estimates for 1925-97. These estimates cover the net stock of equipment and software and of structures owned by business and government and the net stock of durable goods owned by consumers. In addition, as part of the changes to the presentation of the NIPA tables, BEA is introducing a new table that shows the changes in the net stock of produced assets (fixed assets and change in private inventories).(1) This table improves the consistency of the NIPA's with international guidelines and is part of BEA's long-term effort to integrate the estimates of stocks and flows.(2)

The revised estimates incorporate the revised estimates of new investment, of sales of used assets between sectors, and of prices that were released earlier as part of the comprehensive revision. For privately owned assets, investment by type of asset was distributed by industry primarily through the use of data from BEA's benchmark input-output accounts for 1982, 1987, and 1992 and from the 1987 and 1992 Economic Censuses.(3) Investment flows were modified to account for sales of used assets between sectors of the economy.

Estimates of the net stock of fixed assets and consumer durable goods are presented in two valuations: Current cost and real cost, which is measured in terms of chain-type quantity indexes. Current-cost valuation includes the effects of both price changes and changes in the physical volume of assets, while the chain-type measures reflect only changes in physical volume, or real changes.(4) For 1925-98, the net stock grew at average annual rates of 6.3 percent at current cost and 2.9 percent at real cost (table A). The period of fastest growth for the real-cost measure was 1947-73, when the net stock rose at an average rate of 3.7 percent a year. Growth since 1973 has been slower; the net stock rose at an average rate of 2.8 percent a year in 1973-92 and 2.6 percent a year in 1992-98. In 1992-98, all but one of the components grew more slowly than in 1973-92; the exception was nonresidential equipment and software, which rose at an average rate of 5.1 percent in 1992-98, compared with 3.9 percent in 1973-92.

Table A.--.Net Stocks of Fixed Assets and Consumer Durable Goods: Average Annual Rates of Change Over Selected Periods

[Percent]

 1925-98 1925-47 1947-73

 Current cost

Fixed assets and consumer 6.3 4.7 6.8
 durable goods
 Private 6.2 3.9 6.9
 Nonresidential 6.1 3.4 6.9
 Equipment and software 6.9 3.9 8.4
 Structures 5.7 3.3 6.3
 Residential 6.4 4.5 6.8
 Government 6.9 8.2 6.3
 Federal 7.1 12.5 4.3
 State and local 6.9 5.5 8.0
Consumer durable goods 6.1 3.4 7.5

 Real cost

Fixed assets and consumer 2.9 2.1 3.7
 durable goods
 Private 2.5 1.0 3.6
 Nonresidential 2.5 .8 3.5
 Equipment and software 3.9 2.0 5.3
 Structures 1.9 .5 2.7
 Residential 2.5 1.2 3.7
 Government 3.5 6.4 2.8
 Federal 3.8 11.2 .7
 State and local 3.4 3.3 4.5
Consumer durable goods 4.3 1.9 6.2

 1973-92 1922-98

 Current cost

Fixed assets and consumer 8.1 5.1
 durable goods
 Private 8.3 5.4
 Nonresidential 8.4 5.2
 Equipment and software 9.0 5.5
 Structures 8.1 4.9
 Residential 8.2 5.7
 Government 7.1 4.2
 Federal 6.4 2.7
 State and local 7.5 5.4
Consumer durable goods 8.2 3.8

 Real cost

Fixed assets and consumer 2.8 2.6
 durable goods
 Private 2.8 2.6
 Nonresidential 3.0 2.9
 Equipment and software 3.9 5.1
 Structures 2.5 1.6
 Residential 2.5 2.3
 Government 1.9 1.7
 Federal 1.2 .1
 State and local 2.3 2.3
Consumer durable goods 4.7 4.1

New NIPA table of changes in net stock of produced assets

The new NIPA table 5.16, which is introduced on page 80 of this issue, provides for the first time an integrated analysis of the changes in the net stock of produced assets from opening balance to closing balance. The table fully accounts for changes in the net stock of produced assets by showing how investment, depreciation, and disaster losses affect the stock and how its value is affected by nominal and real holding gains.

In the table, the sources of change consist of the following: Gross fixed investment, which consists of expenditures for assets that will be used in the production process for more than 1 year; stock reconciliation adjustments, which are deducted from gross investment for differences in timing and in the treatment of margins and brokers' commissions on used assets; "consumption of fixed capital, except disaster losses," which is the charge for using up of private and government capital in production; change in private inventories, which is the change in the physical volume of goods purchased by private business for use in the production of other commodities or for resale; "other changes in volume of assets," which consists of damages from disasters and war losses; and nominal holding gains or losses (or revaluation), which is the change in the value of assets that results from changes in the price level. The table shows the effect of each of these sources on the annual change in net stock (that is, the difference between the opening balance and the closing balance) of produced assets valued at current cost.

In 1998, the opening balance of produced assets was $23.8 trillion, and the closing balance was $25.1 trillion, a change of $1.3 trillion; the table below traces the steps for going from the opening balance to the closing balance for 1998.

Trillions of dollars

Opening balance $23.8
+ Gross fixed investment $1.7
Stock reconciliation adjustments $0
Consumption of fixed capital $1.1
+ Change in private inventories $.1
Other changes in volume of assets $0
+ Nominal holding gains or losses $.6
= Closing balance $25.1

The following describes each of the sections of table 5.16.

The first section of the table (lines 1-5) presents the opening balance of produced assets valued at current cost for the beginning of the period.

The second section (lines 6-27) presents the investment flows that contribute to the accumulation of produced assets during the year. Private and government gross fixed investment in structures and in equipment and software are shown (lines 6-14).

Stock reconciliation adjustments to NIPA investment are subtracted (lines 15-17). These adjustments are needed because some types of investment expenditures enter the stock with a delay or do not add to stock of assets. The components of the stock reconciliation adjustments to NIPA investment, which are shown in the table in the addenda (lines 49-53), consist of the following:

(1) An intersectoral auto valuation adjustment (line 49). Gross fixed investment includes investment in new assets, plus brokers' commissions on sale of structures and dealers' margin on purchases of used equipment, less the net sales of used assets. In gross private fixed investment, net sales of used autos are valued at wholesale and do not reflect dealers' margins, but in the estimates of net stocks, these sales are valued at the original acquisition price less accumulated depreciation. An adjustment equal to the difference in prices is deducted; without this adjustment, the dealers' margins on sales of used autos would be included in the net stock of assets.

(2) Brokers' commissions on used nonresidential structures and dealers' margins on used equipment (line 50). These commissions and margins are included in NIPA fixed investment because they are expenditures for fixed assets that will be used in a production process for more than 1 year. However, these commissions and margins are not treated as fixed assets and are not included in the estimates of net stocks.

(3) The difference between the value of electric-power-plant construction put in place, which is the concept used in estimating NIPA investment, and the value of electric-power-plant investment put in use, which is when the assets enter the net stock estimates (line 51).

"Consumption of fixed capital (CFC), except for disaster losses" is subtracted (lines 18-26). In the NIPA's, CFC consists of charges for wear and tear, obsolescence, accidental damage, and aging; for private fixed assets and for fixed assets of government enterprises, CFC also includes the value of the damages incurred from natural and other disasters. In table 5.16, these two types of CFC are shown separately: "CFC, except disasters" is shown under "accumulation of produced assets" (lines 18-26) and disaster losses are shown under "other changes in volume of assets" (lines 29 and 32). In the NIPA's, CFC for assets of general government does not include disaster damage and war losses; the value of these losses is shown in the section "other changes in volume of assets" (line 31).(5)

The change in private inventories (line 27) is added to obtain the net accumulation of produced assets.

The third section (lines 28-32) shows the deductions of "other changes in volume of assets." For private assets, as noted above, the deductions consist of the value of damage from natural and other disasters. For government assets, the "other changes in volume of assets" includes war losses and the value of damage from natural and other disasters.

The fourth section (lines 33-43) shows the revaluation, that is, the effects of price changes. In addition to changes in the stock that result from investment, CFC, and "other changes in volume of assets," the current-cost net stock can change because of price changes. These changes in value resulting from price changes are called nominal holding gains or losses. Nominal holding gains or losses can be decomposed into two parts: Neutral holding gains or losses and real holding gains or losses. Neutral gains or losses (lines 34-38) represent the change in value of assets due to changes in the general price level. The term "neutral holding gains or losses" is used because all assets are revalued in exactly the same proportion. In this table, the measure of the general price level is the price index for gross domestic purchases.(6) Neutral holding gains were positive for all years, reflecting increases in the current-cost net stock of produced assets that have resulted from increases in the general price index.

Real holding gains or losses (lines 40-43) reflect the impact of changes in the prices of individual assets relative to the change in the general price index. If an asset price increases more than the general price index, there will be a real holding gain; if it increases less, there will be a real holding loss. Since 1992, there have been real holding gains, as prices of structures have risen faster than the general price level and have more than offset real holding losses for equipment and software and for private inventories. For 1951-98 (the period for which estimates are available), there were real holding gains for 27 years and real holding losses for 21 years.

The fifth section (lines 44-48) presents the closing balance, that is, the current-cost value at the end of the year for produced assets.

Definitional and statistical improvements

The estimates of the net stock of fixed assets and consumer durable goods incorporate the following major definitional and statistical improvements.

Recognition of software as investment.--In the NIPA's, business and government expenditures for software are now recognized as fixed investment.(7) The investment flows are now capitalized and included in the net stocks of private and government fixed assets. Software investment has three components--prepackaged software, custom software, and own-account software. Prepackaged software has an average service life of 3 years and is depreciated geometrically at a rate of 0.55 per year; custom and own-account software have average service lives of 5 years and are depreciated geometrically at a rate of 0.33 per year. In tables 1 and 2, software is included in all the components except private nonresidential structures and residential. For 1996, the inclusion of software as a fixed asset added about $174 billion to the net stock of private fixed assets and about $56 billion to the net stock of government fixed assets. Depreciation pattern for personal computers.--The method for estimating the net stock of personal computers (PC's) has been changed. The depreciation of PC's is now based on a California study of fair-market values of personal property including PC's.(8) The new estimates are based on a geometric pattern of depreciation that by the fifth year, results in a residual value for a PC of less than 10 percent of its original value. In the previously published estimates, the depreciation pattern for PC's was based on work by Stephen Oliner of the Federal Reserve Board that included a general depreciation schedule for computers, but not for PC's.(9)

The new method is consistent with the general procedure for calculating depreciation that was adopted in the 1996 comprehensive NIPA revision; assets are now depreciated using empirical evidence on used-asset prices and geometric patterns of price declines.(10) For 1996, the use of the new method reduced the private net stock of PC's by nearly $30 billion.

New service life for highways.--On the basis of two recent studies of highway capital, the service life for highways and streets has been reduced from 60 years to 45 years.(11) As a result, the net stock of government fixed assets for 1996 was reduced by about $140 billion.

Consistent estimates of intersectoral sales of used assets.--Previously, the NIPA estimates and the wealth estimates were not always consistent in their treatment of sales of used assets between government and private owners. As a step in integrating the estimation of asset stocks and investment flows for table 5.16 described above, the revised estimates of these sales between sectors have been made consistent. As a result, the distribution of fixed assets by type of owner was revised, but the total stock of private and government fixed assets was not affected.

Presentation of revised estimates

Tables 1-15 present the revised estimates of fixed assets and consumer durable goods. The odd-numbered tables except table 15 present current-cost estimates; the even-numbered tables present real-cost measures in terms of chain-type quantity indexes.

Tables 1 and 2 present estimates of the net stock of fixed assets and consumer durables. Tables 3 and 4 present the net stock of private fixed assets by type of asset; these tables have been redesigned to reflect the improvements made to the NIPA tables 5.4-5.9 (private fixed investment) as part of the NIPA comprehensive revision and include new lines for software.(12) Tables 5 and 6 present the net stock of private fixed assets by industry; these tables now present residential and nonresidential assets as components within the farm and real estate industries, rather than as separate aggregates. Tables 7 and 8 present the net stock of private nonresidential fixed assets by selected industry group and legal form of organization. Tables 9 and 10 present the net stock of residential fixed assets by type of owner, legal form of organization, and tenure group. Tables 11 and 12 present the net stock of government fixed assets and include new lines for total Federal structures. Tables 13 and 14 present the net stock of consumer durable goods; these tables reflect the changes made to NIPA tables 2.6-2.7 (personal consumption expenditures) as part of the NIPA comprehensive revision. Table 15 presents estimates in chained (1996) dollars for the net stock of fixed assets and consumer durable goods.

Data Availability

The historical estimates for the tables at the end of this article will be available from BEA's Web site at <www.bea.doc.gov> and from STAT-USA's Web site at <www.stat-usa.gov>. The industry estimates (tables 5 and 6) will begin with 1947; the estimates in the other tables will begin with 1925. The availability of these estimates will be announced on the inside back cover of the SURVEY OF CURRENT BUSINESS.

Additional estimates will be available in June 2000. These include estimates of depreciation using current-cost valuation and chain-type quantity indexes for the data on the tables in this article; additional estimates of net stocks and depreciation for private assets by industry and legal form and for government assets by type of equipment and structure; and private net stocks and depreciation at historical cost by industry, asset, and legal form. The investment data used to derive these estimates and the average ages will be available in the early fall.

In early 2001, BEA will publish Fixed Assets and Consumer Durable Goods in the United States, 1925-97, which will include revisions to the estimates for 1997 from this year's annual revision. A CD-ROM will also be available that will contain these estimates and the underlying detail, including fixed-cost data used to prepare the current-cost valuations. The availability of the volume and the CD-ROM will be announced in the SURVEY.

Tables 1-15 follow.

Table 1.--Current-Cost Net Stock of Fixed Assets and Consumer Durable Goods, 1925-98

[Billions of dollars; yearend estimates]

 Private fixed assets

 Nonresidential

 Equip-
 ment
 and Struc- Resi-
Year Total Total Total software tures dential

1925 297.0 227.0 126.5 28.3 98.2 100.5
1926 307.2 234.9 130.0 29.9 100.1 104.9
1927 315.8 241.4 133.1 30.9 102.2 108.3
1928 326.0 249.8 135.2 31.4 103.8 114.5
1929 331.1 254.0 135.5 31.9 103.6 118.5

1930 315.8 242.0 129.2 30.7 98.5 112.8
1931 280.3 214.3 116.8 28.3 88.5 97.4
1932 255.8 193.8 107.6 25.6 81.9 86.3
1933 265.2 197.9 107.7 24.6 83.2 90.1
1934 275.7 204.4 110.4 24.8 85.6 94.0

1935 282.2 208.0 112.3 24.8 87.5 95.7
1936 303.9 222.9 119.3 26.3 93.0 103.6
1937 323.2 237.6 126.3 28.8 97.4 111.3
1938 327.2 239.6 125.5 28.9 96.5 114.2
1939 336.0 245.1 126.6 29.4 97.2 118.5

1940 361.9 262.2 133.9 31.7 102.2 128.3
1941 411.1 289.5 148.5 35.8 112.7 141.0
1942 470.0 310.4 158.4 36.7 121.8 152.0
1943 522.4 326.3 162.1 36.3 125.8 164.2
1944 564.8 344.1 167.3 37.4 129.9 176.7

1945 609.4 374.8 184.5 42.6 141.9 190.3
1946 695.5 445.7 221.1 52.1 169.0 224.7
1947 811.0 529.5 263.7 65.2 198.5 265.8
1948 873.0 582.2 291.5 77.2 214.2 290.8
1949 896.6 611.5 304.1 85.3 218.8 307.4

1950 984.2 671.5 332.0 96.9 235.1 339.5
1951 1,085.9 735.9 365.9 108.3 257.6 370.0
1952 1,150.5 776.3 386.4 115.5 270.9 390.0
1953 1,195.9 808.0 401.7 123.5 278.2 406.2
1954 1,249.7 842.2 415.0 129.6 285.5 427.2

1955 1,343.8 905.7 448.4 142.2 306.2 457.2
1956 1,457.6 976.1 494.6 158.8 335.7 481.6
1957 1,527.7 1,022.7 526.4 172.8 353.6 496.3
1958 1,582.3 1,055.2 548.2 179.7 363.5 512.0
1959 1,643.1 1,099.4 564.9 188.7 376.3 534.5

1960 1,693.7 1,131.4 575.9 194.8 381.0 555.6
1961 1,752.2 1,167.4 591.4 199.0 392.4 576.0
1962 1,826.5 1,209.0 611.5 206.5 405.1 597.5
1963 1,894.8 1,245.5 632.8 215.7 417.1 612.7
1964 2,011.9 1,330.3 668.4 228.5 439.9 661.9

1965 2,141.8 1,418.1 714.5 248.0 468.5 703.6
1966 2,324.0 1,538.7 778.0 273.8 504.2 760.7
1967 2,501.8 1,649.2 838.1 300.8 537.2 811.1
1968 2,748.4 1,815.7 918.6 332.5 586.1 897.1
1969 2,998.6 1,973.7 1,013.2 368.2 645.0 960.5

1970 3,258.8 2,129.6 1,113.9 404.6 709.3 1,015.7
1971 3,586.8 2,366.4 1,225.6 434.5 791.1 1,140.8
1972 3,946.4 2,613.5 1,334.6 468.4 866.2 1,278.9
1973 4,456.4 2,968.2 1,500.4 525.2 975.1 1,467.8
1974 5,276.0 3,489.4 1,821.7 648.8 1,172.9 1,667.7

1975 5,717.5 3,815.2 2,010.1 740.5 1,269.6 1,805.1
1976 6,235.8 4,207.5 2,204.0 818.9 1,385.1 2,003.4
1977 6,969.6 4,787.4 2,449.0 920.3 1,528.7 2,338.5
1978 7,877.5 5,473.0 2,772.7 1,048.0 1,724.8 2,700.2
1979 9,064.2 6,339.9 3,202.6 1,220.9 1,981.7 3,137.3

1980 10,297.3 7,212.7 3,675.9 1,420.1 2,255.8 3,536.8
1981 11,324.8 7,949.7 4,145.8 1,575.6 2,570.2 3,804.0
1982 11,931.8 8,376.1 4,402.7 1,665.7 2,737.0 3,973.4
1983 12,349.8 8,667.6 4,532.8 1,724.2 2,808.5 4,134.8
1984 13,033.9 9,163.5 4,794.6 1,814.4 2,980.2 4,368.9

1985 13,731.3 9,657.8 5,056.4 1,920.6 3,135.8 4,601.3
1986 14,635.5 10,266.6 5,298.8 2,035.1 3,263.7 4,967.8
1987 15,493.9 10,857.3 5,574.0 2,130.6 3,443.4 5,283.3
1988 16,464.7 11,540.9 5,934.8 2,264.9 3,669.9 5,606.1
1989 17,404.4 12,197.2 6,285.1 2,400.2 3,884.8 5,912.2

1990 18,224.8 12,760.3 6,622.7 2,541.9 4,080.7 6,137.7
1991 18,648.6 13,021.5 6,760.5 2,622.8 4,137.7 6,261.0
1992 19,410.8 13,582.6 6,986.8 2,708.2 4,278.6 6,595.8
1993 20,417.8 14,318.0 7,327.1 2,828.6 4,498.5 6,991.0
1994 21,636.8 15,203.7 7,731.5 2,992.4 4,739.1 7,472.2

1995 22,630.2 15,908.5 8,124.2 3,182.8 4,941.4 7,784.2
1996 23,706.5 16,722.5 8,527.2 3,352.2 5,175.0 8,195.3
1997 24,825.9 17,573.4 8,954.9 3,517.5 5,437.4 8,618.5
1998 26,179.2 18,642.9 9,449.9 3,736.2 5,713.7 9,193.0

 Government fixed assets

 Con-
 State sumer
 and durable
Year Total Federal local goods

1925 38.0 9.2 28.9 32.0
1926 38.9 9.0 29.9 33.5
1927 39.7 8.7 31.0 34.6
1928 40.5 8.5 32.1 35.7
1929 40.6 7.9 32.7 36.5

1930 39.5 7.5 32.0 34.4
1931 35.9 6.8 29.1 30.1
1932 35.5 6.7 28.8 26.5
1933 41.6 7.6 34.0 25.8
1934 45.6 8.6 37.0 25.7

1935 48.5 9.9 38.6 25.7
1936 54.0 11.4 42.6 27.1
1937 57.0 12.6 44.4 28.7
1938 59.1 13.4 45.7 28.5
1939 61.4 14.0 47.4 29.5

1940 67.4 15.7 51.7 32.3
1941 84.4 24.4 60.0 37.2
1942 118.0 50.9 67.1 41.6
1943 150.9 82.7 68.2 45.2
1944 173.5 106.8 66.7 47.2

1945 186.7 117.4 69.2 47.9
1946 194.2 116.6 77.6 55.6
1947 214.7 121.7 93.0 66.9
1948 214.2 113.0 101.2 76.5
1949 199.6 103.0 96.6 85.5

1950 211.7 102.7 109.0 101.0
1951 236.9 114.3 122.6 113.1
1952 254.1 124.2 129.9 120.0
1953 259.7 131.1 128.6 128.3
1954 275.4 141.2 134.3 132.1

1955 296.5 147.4 149.1 141.6
1956 328.9 159.8 169.1 152.6
1957 343.0 165.9 177.1 162.0
1958 361.6 172.3 189.3 165.6
1959 372.2 176.5 195.7 171.5

1960 385.5 180.5 205.0 176.8
1961 404.9 187.6 217.3 179.9
1962 431.3 198.7 232.6 186.2
1963 452.8 204.7 248.1 198.5
1964 474.7 210.0 264.7 207.0

1965 505.0 216.9 288.1 218.6
1966 546.3 228.1 318.2 239.0
1967 591.3 243.5 347.7 261.4
1968 642.3 256.2 386.1 290.4
1969 707.8 271.7 436.1 317.1

1970 788.6 290.9 497.6 340.6
1971 858.0 308.6 549.4 362.4
1972 940.3 338.2 602.1 392.5
1973 1,054.0 363.9 690.2 434.2
1974 1,286.5 411.4 875.2 500.0

1975 1,352.2 436.5 915.7 550.1
1976 1,426.0 470.4 955.6 602.3
1977 1,513.8 493.2 1,020.6 668.4
1978 1,650.4 528.4 1,122.0 754.1
1979 1,877.0 586.7 1,290.2 847.3

1980 2,150.7 652.7 1,497.9 934.0
1981 2,371.3 709.1 1,662.2 1,003.7
1982 2,508.5 752.5 1,756.0 1,047.2
1983 2,567.2 791.3 1,775.9 1,115.1
1984 2,668.6 826.5 1,842.1 1,201.9

1985 2,782.1 855.6 1,926.5 1,291.5
1986 2,948.6 895.5 2,053.1 1,420.3
1987 3,102.6 929.5 2,173.2 1,534.0
1988 3,262.2 985.9 2,276.3 1,661.6
1989 3,438.7 1,039.5 2,399.3 1,768.5

1990 3,611.6 1,087.1 2,524.5 1,852.7
1991 3,732.4 1,129.8 2,602.6 1,894.7
1992 3,894.6 1,176.0 2,718.6 1,933.5
1993 4,085.6 1,229.0 2,856.7 2,014.1
1994 4,322.4 1,279.2 3,043.2 2,110.7

1995 4,533.0 1,314.4 3,218.6 2,188.7
1996 4,724.8 1,343.2 3,381.5 2,259.2
1997 4,928.1 1,363.5 3,564.5 2,324.5
1998 5,117.5 1,380.1 3,737.4 2,418.8

Table 2.--Chain-Type Quantity Indexes for Net Stock of Fixed Assets and Consumer Durable Goods, 1925-98

[Index numbers, 1996=100; yearend estimates]

 Private fixed assets

 Nonresidential

 Equip-
 ment
 and Struc- Resi-
Year Total Total Total software tures dential

1925 13.41 17.39 17.46 6.92 26.60 17.23
1926 13.95 18.05 18.04 7.24 27.39 17.98
1927 14.44 18.64 18.55 7.44 28.17 18.67
1928 14.91 19.18 19.02 7.61 28.89 19.29
1929 15.42 19.69 19.63 7.94 29.71 19.69

1930 15.70 19.94 19.97 8.01 30.30 19.83
1931 15.77 19.92 19.87 7.77 30.39 19.90
1932 15.63 19.66 19.47 7.29 30.20 19.81
1933 15.44 19.36 19.02 6.86 29.84 19.70
1934 15.39 19.17 18.73 6.63 29.55 19.64

1935 15.43 19.09 18.58 6.59 29.30 19.66
1936 15.67 19.18 18.65 6.79 29.20 19.75
1937 15.96 19.36 18.89 7.11 29.28 19.87
1938 16.11 19.37 18.81 7.07 29.19 19.99
1939 16.38 19.50 18.82 7.12 29.13 20.26

1940 16.73 19.73 18.95 7.39 29.07 20.60
1941 17.37 20.09 19.29 7.83 29.21 20.97
1942 18.36 20.04 19.15 7.74 29.03 21.04
1943 19.47 19.89 18.92 7.61 28.73 20.99
1944 20.38 19.86 18.92 7.80 28.53 20.92

1945 20.77 19.99 19.23 8.41 28.49 20.86
1946 20.91 20.63 19.93 9.29 28.98 21.42
1947 21.29 21.46 20.80 10.63 29.37 22.23
1948 21.80 22.40 21.71 11.89 29.91 23.20
1949 22.40 23.15 22.35 12.67 30.41 24.07

1950 23.30 24.16 23.12 13.56 31.03 25.34
1951 24.27 25.04 23.89 14.39 31.71 26.33
1952 25.11 25.85 24.57 15.08 32.35 27.29
1953 26.14 26.73 25.36 15.87 33.10 28.26
1954 27.16 27.60 26.04 16.41 33.90 29.34

1955 28.33 28.66 26.92 17.21 34.80 30.62
1956 29.41 29.69 27.86 17.99 35.86 31.74
1957 30.37 30.65 28.78 18.76 36.88 32.75
1958 31.16 31.41 29.33 19.00 37.70 33.76
1959 32.21 32.42 30.04 19.49 38.57 35.12

1960 33.24 33.41 30.85 20.06 39.57 36.33
1961 34.24 34.36 31.60 20.51 40.57 37.53
1962 35.43 35.47 32.51 21.21 41.63 38.87
1963 36.75 36.71 33.49 22.06 42.68 40.42
1964 38.23 38.13 34.73 23.20 43.94 42.06

1965 39.92 39.76 36.42 24.88 45.54 43.60
1966 41.72 41.43 38.37 26.97 47.24 44.92
1967 43.39 42.94 40.11 28.76 48.85 46.14
1968 45.19 44.58 41.90 30.64 50.47 47.61
1969 46.96 46.32 43.84 32.72 52.20 49.12

1970 48.46 47.88 45.57 34.43 53.88 50.47
1971 50.07 49.60 47.14 35.93 55.47 52.36
1972 51.99 51.64 48.97 37.97 57.06 54.64
1973 54.10 53.93 51.29 40.88 58.90 56.90
1974 55.80 55.81 53.43 43.60 60.57 58.47

1975 57.12 57.16 54.89 45.23 61.87 59.69
1976 58.69 58.76 56.40 47.02 63.16 61.38
1977 60.61 60.82 58.31 49.60 64.52 63.61
1978 62.84 63.24 60.75 53.00 66.19 66.01
1979 65.09 65.74 63.48 56.64 68.23 68.24

1980 66.85 67.73 65.92 59.33 70.46 69.75
1981 68.54 69.67 68.46 61.85 73.00 71.03
1982 69.87 71.10 70.41 63.24 75.35 71.86
1983 71.56 72.75 72.10 64.80 77.12 73.47
1984 73.88 75.07 74.69 67.71 79.48 75.48

1985 76.38 77.48 77.48 70.54 82.23 77.48
1986 78.94 79.80 79.73 72.94 84.36 79.86
1987 81.33 81.94 81.67 74.71 86.42 82.22
1988 83.71 84.09 83.71 76.88 88.36 84.50
1989 86.00 86.21 85.81 79.24 90.28 86.63

1990 88.06 88.14 87.82 81.17 92.34 88.47
1991 89.51 89.52 89.24 82.58 93.76 89.82
1992 91.06 90.99 90.55 64.27 94.79 91.46
1993 92.97 92.88 92.32 86.91 95.24 93.47
1994 95.08 94.99 94.39 90.51 96.97 95.62

1995 97.37 97.30 96.96 94.90 98.31 97.66
1996 100.00 100.00 100.00 100.00 100.00 100.00
1997 102.79 102.93 103.48 105.86 101.97 102.35
1998 106.09 106.35 107.65 113.28 104.14 105.01

 Government fixed assets

 Con-
 State sumer
 and durable
Year Total Federal local goods

1925 8.24 6.34 9.46 5.08
1926 8.56 6.24 9.98 5.36
1927 8.94 6.16 10.61 5.60
1928 9.36 6.10 11.27 5.83
1929 9.91 6.08 12.12 6.16

1930 10.47 6.12 12.95 6.27
1931 11.05 6.25 13.78 6.19
1932 11.52 6.46 14.39 5.92
1933 11.84 6.86 14.67 5.66
1934 12.26 7.42 15.04 5.50

1935 12.71 8.19 15.36 5.47
1936 13.44 8.92 16.13 5.62
1937 14.05 9.59 16.73 5.82
1938 14.74 10.22 17.47 5.84
1939 15.53 10.79 18.38 6.02

1940 16.24 11.68 19.04 6.32
1941 18.17 17.04 19.40 6.54
1942 23.37 34.16 19.44 6.49
1943 29.80 56.57 19.27 6.32
1944 35.13 75.59 19.06 6.11

1945 37.00 82.61 18.90 6.04
1946 34.41 73.38 18.91 6.70
1947 32.21 64.95 19.14 7.63
1948 30.54 58.01 19.51 8.50
1949 30.02 54.49 20.16 9.37

1950 29.63 51.11 20.93 10.69
1951 30.81 53.23 21.73 11.56
1952 32.40 56.84 22.53 11.74
1953 34.12 60.64 23.43 12.44
1954 35.59 62.91 24.57 13.32

1955 36.82 64.06 25.83 14.55
1956 38.01 65.04 27.10 15.46
1957 39.22 65.84 28.47 16.03
1958 40.65 67.01 30.00 16.22
1959 42.32 69.03 31.55 16.70

1960 43.82 70.46 33.08 17.24
1961 45.57 72.41 34.75 17.56
1962 47.41 74.61 36.47 18.25
1963 49.18 76.11 38.36 19.17
1964 50.96 77.30 40.40 20.30

1965 52.75 78.13 42.59 21.86
1966 54.81 79.54 44.92 23.61
1967 56.98 80.97 47.41 25.16
1968 58.95 81.45 49.99 27.08
1969 60.63 81.43 52.35 28.81

1970 62.00 81.03 54.44 30.02
1971 63.07 79.90 56.37 31.64
1972 64.27 79.66 58.15 33.79
1973 65.28 78.87 59.89 36.38
1974 66.37 78.37 61.59 37.97

1975 67.50 78.18 63.22 39.36
1976 68.56 78.00 64.76 41.49
1977 69.48 77.89 66.10 44.07
1978 70.59 77.91 67.67 46.77
1979 71.87 78.24 69.34 49.04

1980 73.19 78.75 70.97 50.09
1981 74.34 79.53 72.27 51.20
1982 75.37 80.43 73.34 52.43
1983 76.53 81.83 74.41 55.18
1984 78.01 83.60 75.77 58.87

1985 79.85 86.01 77.38 62.95
1986 81.87 88.68 79.15 67.95
1987 83.95 91.52 80.93 72.42
1988 85.83 93.37 82.82 77.09
1989 87.72 95.05 84.79 81.15

1990 89.82 96.80 67.02 84.05
1991 91.77 98.05 89.25 84.95
1992 93.64 99.08 91.44 86.50
1993 95.22 99.47 93.51 89.12
1994 96.66 99.42 95.55 92.57

1995 98.23 99.40 97.76 96.14
1996 100.00 100.00 100.00 100.00
1997 101.62 99.60 102.42 104.29
1998 103.31 99.45 104.83 110.13

Table 3.--Current-Cost Net Stock of Private Fixed Assets; Equipment, Software, and Structures; by Type, 1988-98

[Billions of dollars; yearend estimates]

 Line 1988 1989

 Private fixed assets 1 11,540.9 12,197.2

Equipment and software 2 2,310.5 2,448.6

 Nonresidential equipment and 3 2,264.9 2,400.2
 software
 Information processing 4 581.6 621.8
 equipment and software
 Computers and peripheral 5 90.3 91.7
 equipment
 Software(1) 6 70.6 81.6
 Communication equipment 7 260.6 277.4
 Instruments 8 90.7 100.2
 Photocopy and related 9 46.2 49.2
 equipment
 Office and accounting 10 23.2 21.7
 equipment
 Industrial equipment 11 784.0 838.5
 Fabricated metal products 12 85.1 87.0
 Engines and turbines 13 39.7 47.8
 Steam engines 14 35.3 43.1
 Internal combustion engines 15 4.4 4.7
 Metalworking machinery 16 149.8 157.5
 Special industry machinery, 17 167.1 179.2
 n.e.c.
 General industrial, including 18 167.8 177.6
 materials handling,
 equipment
 Electrical transmission, 19 174.5 189.3
 distribution, and
 industrial apparatus
 Transportation equipment 20 443.5 455.3
 Trucks, buses, and truck 21 147.7 150.5
 trailers
 Autos 22 88.6 89.5
 Aircraft 23 94.3 99.1
 Ships and boats 24 46.4 46.9
 Railroad equipment 25 66.5 69.2
 Other equipment 26 455.8 484.7
 Furniture and fixtures 27 114.9 126.4
 Household furniture 28 8.2 8.4
 Other furniture 29 106.8 118.0
 Tractors 30 47.7 49.6
 Farm tractors 31 37.8 39.1
 Construction tractors 32 9.9 105.0
 Agricultural machinery, 33 59.9 62.6
 except tractors
 Construction machinery, 34 62.9 66.8
 except tractors
 Mining and oilfield machinery 35 20.9 20.0
 Service industry machinery 36 50.4 53.3
 Electrical equipment, n.e.c. 37 28.6 30.2
 Household appliances 38 3.1 3.1
 Other 39 25.6 27.0
 Other nonresidential 40 70.5 75.9
 equipment

 Residential equipment 41 45.6 48.4

Structures 42 9,230.4 9,748.6

 Nonresidential structures 43 3,669.9 3,884.8
 Nonresidential buildings, 44 2,215.5 2,372.6
 excluding farm
 Industrial buildings 45 510.9 541.0
 Office buildings(2) 46 513.6 555.4
 Commercial buildings 47 554.9 597.7
 Mobile structures 48 5.0 5.6
 Other commercial(3) 49 549.9 592.2
 Religious buildings 50 106.0 111.9
 Educational buildings 51 87.1 92.7
 Hospital and institutional 52 207.2 222.2
 buildings
 Other 53 235.8 251.7
 Hotels and motels 54 113.8 123.4
 Amusement and recreational 55 60.2 643.0
 buildings
 Other nonfarm buildings(4) 56 61.9 64.0
 Utilities 57 939.7 984.9
 Railroad 58 250.1 255.3
 Telecommunications 59 156.5 171.6
 Electric light and power 60 375.2 392.3
 Gas 61 122.3 129.2
 Petroleum pipelines 62 35.5 36.6
 Farm related buildings and 63 177.1 181.2
 structures
 Mining exploration, shafts, 64 253.1 254.7
 and wells
 Petroleum and natural gas 65 225.8 226.7
 Other mining 66 27.3 28.0
 Other nonfarm structures(5) 67 84.6 91.4

 Residential structures 68 5,560.5 5,863.8

 Housing units 69 4,567.0 4,801.4
 Permanent site 70 4,479.4 4,709.1
 1-to-4-unit 71 3,778.4 4,006.4
 5-or-more-unit 72 701.0 702.7
 Manufactured homes 73 87.6 92.3
 Improvements 74 969.1 1,037.1
 Other residential(6) 75 24.4 25.3

 1990 1991 1992

 Private fixed assets 12,760.3 13,021.5 13,582.6

Equipment and software 2,592.4 2,674.3 2,761.2

 Nonresidential equipment and 2,541.9 2,622.8 2,708.2
 software
 Information processing 663.4 687.0 719.6
 equipment and software
 Computers and peripheral 91.0 83.1 81.5
 equipment
 Software(1) 94.7 104.8 115.4
 Communication equipment 294.4 305.8 314.5
 Instruments 111.9 121.5 133.1
 Photocopy and related 51.7 53.9 57.0
 equipment
 Office and accounting 19.7 18.0 18.1
 equipment
 Industrial equipment 893.4 916.9 937.0
 Fabricated metal products 88.4 89.5 88.9
 Engines and turbines 50.3 52.2 52.2
 Steam engines 45.3 46.9 46.8
 Internal combustion engines 5.0 5.3 5.4
 Metalworking machinery 167.4 171.6 175.9
 Special industry machinery, 195.2 201.1 206.9
 n.e.c.
 General industrial, including 189.1 192.9 197.5
 materials handling,
 equipment
 Electrical transmission, 203.1 209.6 215.6
 distribution, and
 industrial apparatus
 Transportation equipment 471.8 496.9 521.7
 Trucks, buses, and truck 151.4 153.4 163.7
 trailers
 Autos 94.7 108.9 117.6
 Aircraft 108.4 118.5 126.7
 Ships and boats 46.9 46.5 45.8
 Railroad equipment 70.5 69.5 67.9
 Other equipment 513.2 522.0 529.9
 Furniture and fixtures 135.2 137.9 143.0
 Household furniture 8.5 8.4 8.3
 Other furniture 126.7 129.5 134.7
 Tractors 52.1 54.0 53.6
 Farm tractors 41.3 43.1 429.0
 Construction tractors 10.8 10.9 107.0
 Agricultural machinery, 65.6 66.8 66.3
 except tractors
 Construction machinery, 71.0 69.1 68.6
 except tractors
 Mining and oilfield machinery 19.3 17 8 16.6
 Service industry machinery 56.0 57.2 56.3
 Electrical equipment, n.e.c. 33.1 35.3 38.0
 Household appliances 3.1 3.0 2.9
 Other 30.1 32.3 35.2
 Other nonresidential 80.9 83.9 87.3
 equipment

 Residential equipment 50.5 51.5 53.0

Structures 10,167.9 10,347.2 10,821.5

 Nonresidential structures 4,080.7 4,137.7 4,278.6
 Nonresidential buildings, 2,514.3 2,576.4 2,676.1
 excluding farm
 Industrial buildings 570.6 5,851.0 608.5
 Office buildings(2) 589.8 604 4 626.5
 Commercial buildings 636.0 649.4 673.6
 Mobile structures 6.1 6.4 6.6
 Other commercial(3) 629.9 643.0 667.0
 Religious buildings 116.6 118.5 122.4
 Educational buildings 98.0 101.4 106.9
 Hospital and institutional 236.5 244.9 258.5
 buildings
 Other 266.8 272.6 279.7
 Hotels and motels 133.7 137.7 141.4
 Amusement and recreational 67.5 69.0 71.4
 buildings
 Other nonfarm buildings(4) 65.6 65.9 66.9
 Utilities 1,005.2 1,021.0 1,050.9
 Railroad 256.1 255.9 261.6
 Telecommunications 177.5 180.9 185.2
 Electric light and power 402.2 410.5 422.9
 Gas 132.7 136.7 143.5
 Petroleum pipelines 36.6 37.0 37.7
 Farm related buildings and 184.1 182.9 184.6
 structures
 Mining exploration, shafts, 277.9 251.9 254.7
 and wells
 Petroleum and natural gas 249.4 223.3 225.5
 Other mining 28.5 28.6 29.2
 Other nonfarm structures(5) 99.2 105.4 112.4

 Residential structures 6,087.2 6,209.6 6,542.8

 Housing units 4,962.6 5,047.1 5,314.7
 Permanent site 4,867.1 4,950.2 5,214.6
 1-to-4-unit 4,154.3 4,221.4 4,462.9
 5-or-more-unit 712.8 728.8 751.7
 Manufactured homes 95.5 96.9 100.1
 Improvements 1,098.7 1,136.9 1,201.9
 Other residential(6) 26.0 25.6 26.2

 1993 1994 1995

 Private fixed assets 14,318.0 15,203.7 15,908.5

Equipment and software 2,884.2 3,051.1 3,243.8

 Nonresidential equipment and 2,828.6 2,992.4 3,182.8
 software
 Information processing 760.3 802.8 850.2
 equipment and software
 Computers and peripheral 820.0 86.4 93.6
 equipment
 Software(1) 129.7 142.9 158.3
 Communication equipment 325.3 334.7 344.3
 Instruments 143.8 153.7 165.1
 Photocopy and related 60.5 65.7 68.8
 equipment
 Office and accounting 19.0 19.5 20.1
 equipment
 Industrial equipment 964.3 1,010.7 1,075.1
 Fabricated metal products 87.6 90.3 95.6
 Engines and turbines 52.5 55.2 55.8
 Steam engines 46.9 49.2 49.5
 Internal combustion engines 56.0 5.9 6.4
 Metalworking machinery 183.3 193.7 209.2
 Special industry machinery, 214.3 225.0 240.5
 n.e.c.
 General industrial, including 204.5 213.4 225.3
 materials handling,
 equipment
 Electrical transmission, 222.1 233.1 248.7
 distribution, and
 industrial apparatus
 Transportation equipment 556.7 604.3 650.5
 Trucks, buses, and truck 181.4 206.7 234.1
 trailers
 Autos 126.4 142.3 150.0
 Aircraft 133.5 137.4 143.6
 Ships and boats 46.4 46.1 45.9
 Railroad equipment 68.9 71.8 76.9
 Other equipment 547.3 574.6 607.1
 Furniture and fixtures 149.8 159.2 169.7
 Household furniture 84.0 8.6 8.8
 Other furniture 141.4 150.6 160.9
 Tractors 54.1 56.0 57.9
 Farm tractors 43.7 457.0 47.6
 Construction tractors 104.0 103.0 103.0
 Agricultural machinery, 67.5 69.6 72.6
 except tractors
 Construction machinery, 69.4 72.4 76.8
 except tractors
 Mining and oilfield machinery 16.4 16.3 16.5
 Service industry machinery 57.1 60.4 64.6
 Electrical equipment, n.e.c. 40.2 41.8 43.4
 Household appliances 2.8 2.8 2.9
 Other 37.4 39.0 40.5
 Other nonresidential 92.8 98.9 105.5
 equipment

 Residential equipment 55.7 58.7 61.0

Structures 11,433.8 12,152.6 12,664.6

 Nonresidential structures 4,498.5 4,739.1 4,941.4
 Nonresidential buildings, 2,816.6 2,992.3 3,125.1
 excluding farm
 Industrial buildings 636.6 673.6 700.4
 Office buildings(2) 657.1 694.6 723.1
 Commercial buildings 710.6 757.9 796.6
 Mobile structures 71.0 7.7 8.3
 Other commercial(3) 703.5 750.2 788.4
 Religious buildings 128.2 135.3 140.2
 Educational buildings 113.8 122.5 129.2
 Hospital and institutional 277.0 298.2 311.9
 buildings
 Other 293.3 310.2 323.7
 Hotels and motels 148.0 156.2 164.1
 Amusement and recreational 756.0 81.4 86.6
 buildings
 Other nonfarm buildings(4) 697.0 725.0 730.0
 Utilities 1,109.2 1,148.4 1,190.2
 Railroad 278.1 281.6 287.5
 Telecommunications 194.4 204.4 219.3
 Electric light and power 444.0 460.6 478.0
 Gas 152.9 160.3 163.7
 Petroleum pipelines 39.8 41.5 41.7
 Farm related buildings and 189.9 197.1 200.0
 structures
 Mining exploration, shafts, 262.9 272.5 287.3
 and wells
 Petroleum and natural gas 232.7 240.4 254.5
 Other mining 302.0 32.1 32.8
 Other nonfarm structures(5) 119.8 128.7 138.7

 Residential structures 6,935.3 7,413.5 7,723.3

 Housing units 5,653.0 6,058.9 6,301.5
 Permanent site 5,544.0 5,936.8 6,169.1
 1-to-4-unit 4,789.2 5,170.2 5,383.9
 5-or-more-unit 754.8 766.6 785.2
 Manufactured homes 109.0 122.1 132.4
 Improvements 1,254.8 1,326.1 1,392.8
 Other residential(6) 27.5 286.0 289.0

 1996 1997 1998

 Private fixed assets 16,722.5 17,573.4 18,642.9

Equipment and software 3,416.3 3,583.0 3,803.8

 Nonresidential equipment and 3,352.2 3,517.5 3,736.2
 software
 Information processing 906.0 969.1 1,044.9
 equipment and software
 Computers and peripheral 101.5 110.6 120.7
 equipment
 Software(1) 173.7 192.6 220.4
 Communication equipment 363.8 388.2 415.7
 Instruments 175.0 183.9 192.7
 Photocopy and related 71.5 71.8 71.2
 equipment
 Office and accounting 20.5 22.0 24.3
 equipment
 Industrial equipment 1,119.1 1,158.2 1,203.0
 Fabricated metal products 98.7 99.8 101.6
 Engines and turbines 57.3 57.7 58.3
 Steam engines 50.4 50.5 50.6
 Internal combustion engines 6.9 7.2 7.7
 Metalworking machinery 219.2 229.5 240.2
 Special industry machinery, 253.1 261.5 271.5
 n.e.c.
 General industrial, including 234.9 243.8 255.2
 materials handling,
 equipment
 Electrical transmission, 255.9 265.9 276.1
 distribution, and
 industrial apparatus
 Transportation equipment 690.4 720.7 781.3
 Trucks, buses, and truck 260.8 285.4 323.7
 trailers
 Autos 159.0 162.4 164.8
 Aircraft 147.1 149.4 166.5
 Ships and boats 46.5 46.5 46.9
 Railroad equipment 77.1 76.9 79.3
 Other equipment 636.8 669.4 707.0
 Furniture and fixtures 178.2 188.1 196.9
 Household furniture 9.0 9.2 9.5
 Other furniture 169.2 178.9 187.4
 Tractors 59.3 60.8 63.1
 Farm tractors 48.6 49.7 51.3
 Construction tractors 10.6 11.1 11.8
 Agricultural machinery, 74.9 77.2 80.0
 except tractors
 Construction machinery, 82.1 88.4 96.4
 except tractors
 Mining and oilfield machinery 16.6 16.9 18.3
 Service industry machinery 68.8 72.6 76.4
 Electrical equipment, n.e.c. 44.7 46.6 49.4
 Household appliances 2.9 2.9 2.9
 Other 41.9 43.7 46.5
 Other nonresidential 112.2 118.7 126.5
 equipment

 Residential equipment 64.1 65.5 67.6

Structures 13,306.3 13,990.4 14,839.1

 Nonresidential structures 5,175.0 5,437.4 5,713.7
 Nonresidential buildings, 3,285.6 3,489.2 3,722.3
 excluding farm
 Industrial buildings 729.2 762.0 798.4
 Office buildings(2) 756.3 803.1 861.7
 Commercial buildings 843.8 900.5 962.2
 Mobile structures 8.6 8.9 9.3
 Other commercial(3) 835.2 891.6 952.9
 Religious buildings 145.7 153.5 163.0
 Educational buildings 137.9 150.0 163.8
 Hospital and institutional 327.7 347.9 369.7
 buildings
 Other 345.1 372.4 403.5
 Hotels and motels 177.5 194.3 214.5
 Amusement and recreational 92.7 100.8 109.3
 buildings
 Other nonfarm buildings(4) 75.0 77.3 79.7
 Utilities 1,229.0 1,262.0 1,270.7
 Railroad 299.2 301.9 295.6
 Telecommunications 235.3 237.8 248.6
 Electric light and power 483.4 500.0 50.5
 Gas 168.9 178.5 178.5
 Petroleum pipelines 42.1 43.8 43.5
 Farm related buildings and 204.4 210.1 216.9
 structures
 Mining exploration, shafts, 311.2 324.1 347.1
 and wells
 Petroleum and natural gas 277.4 289.0 310.3
 Other mining 33.8 35.1 36.8
 Other nonfarm structures(5) 144.8 152.0 156.6

 Residential structures 8,131.2 8,553.0 9,125.4

 Housing units 6,624.6 6,960.0 7,450.7
 Permanent site 6,483.0 6,809.7 7,289.6
 1-to-4-unit 5,663.1 5,933.7 6,317.4
 5-or-more-unit 819.9 876.0 972.2
 Manufactured homes 141.6 150.2 161.1
 Improvements 1,477.1 1,562.7 1,643.1
 Other residential(6) 29.6 30.4 31.7

(1.) Excludes software "embedded" or bundled in computers and other equipment.

(2.) Consists of office buildings, except those occupied by electric and gas utility companies.

(3.) Consists primarily of stores, restaurants, garages, service stations, warehouses, and other buildings used for commercial purposes.

(4.) Consists of buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.

(5.) Consists primarily of streets, dams, reservoirs, sewer and water facilities, parks, and airfields.

(6.) Consists primarily of dormitories and of fraternity and sorority houses.

n.e.c. Not elsewhere classified.

Table 4.--Chain-Type Quantity Indexes for Net Stock of Private Fixed Assets; Equipment, Software, and Structures; by Type, 1988-98

[Index numbers, 1996=100; yearend estimates]

 Line 1988 1989

 Private fixed assets 1 84.09 86.21

Equipment and software 2 76.84 79.23

 Nonresidential equipment and software 3 76.88 79.24

 Information processing equipment and
 software 4 58.16 62.36
 Computers and peripheral equipment 5 27.75 31.20
 Software(1) 6 40.07 46.45
 Communication equipment 7 70.42 73.95
 Instruments 8 62.04 66.29
 Photocopy and related equipment 9 78.58 81.92
 Office and accounting equipment 10 116.12 108.97

 Industrial equipment 11 86.66 88.66
 Fabricated metal products 12 99.77 99.12
 Engines and turbines 13 96.74 97.77
 Steam engines 14 98.82 99.64
 Internal combustion engines 15 81.25 83.78
 Metalworking machinery 16 85.75 87.43
 Special industry machinery, n.e.c 17 83.65 86.95
 General industrial, including
 materials handling, equipment 18 88.86 90.44
 Electrical transmission, distribu-
 tion, and industrial apparatus 19 81.16 83.80

 Transportation equipment 20 80.39 80.02
 Trucks, buses, and truck trailers 21 70.11 70.25
 Autos 22 66.19 65.76
 Aircraft 23 87.75 88.23
 Ships and boats 24 124.13 120.22
 Railroad equipment 25 105.16 103.89

 Other equipment 26 87.13 89.43
 Furniture and fixtures 27 78.28 82.73
 Household furniture 28 109.79 109.17
 Other furniture 29 76.59 81.32
 Tractors 30 100.36 100.47
 Farm tractors 31 96.69 96.16
 Construction tractors 32 117.40 120.45
 Agricultural machinery, except
 tractors 33 100.24 100.82
 Construction machinery, except
 tractors 34 97.05 98.39
 Mining and oilfield machinery 35 156.27 144.18
 Service industry machinery 36 89.43 91.02
 Electrical equipment, n.e.c. 37 68.65 72.56
 Household appliances 38 121.04 118.98
 Other 39 65.17 69.48
 Other nonresidential equipment 40 74.90 78.39

 Residential equipment 41 75.00 78.74

Structures 42 86.04 88.08

 Nonresidential structures 43 88.36 90.28

 Nonresidential buildings, excluding
 farm 44 83.66 86.56
 Industrial buildings 45 86.94 88.94
 Office buildings(2) 46 84.19 87.94
 Commercial buildings 47 81.67 84.97
 Mobile structures 48 79.70 84.97
 Other commercial(3) 49 81.69 84.97
 Religious buildings 50 90.16 92.00
 Educational buildings 51 78.24 80.51
 Hospital and institutional buildings 52 78.41 81.29
 Other 53 84.85 87.51
 Hotels and motels 54 79.53 83.34
 Amusement and recreational
 buildings 55 80.49 83.14
 Other nonfarm buildings(4) 56 102.92 102.85

 Utilities 57 95.15 95.67
 Railroad 58 108.00 106.87
 Telecommunications 59 84.52 86.84
 Electric light and power 60 94.14 94.81
 Gas 61 88.68 89.61
 Petroleum pipelines 62 103.19 101.70

 Farm related buildings and structures 63 107.48 106.25
 Mining exploration, shafts, and wells 64 107.08 105.35
 Petroleum and natural gas 65 108.00 106.18
 Other mining 66 100.21 99.15
 Other nonfarm structures(5) 67 72.64 75.90

 Residential structures 68 84.58 86.69

 Housing units 70 85.56 87.52
 Permanent 69 85.53 87.47
 1-to-4-unit 71 83.84 85.90
 5-or-more-unit 72 97.10 98.41
 Manufactured homes 73 84.43 85.24
 Improvements 74 80.02 82.94
 Other residential(6) 75 103.75 104.07

 1990 1991 1992

 Private fixed assets 88.14 89.52 90.99

Equipment and software 81.18 82.61 84.31

 Nonresidential equipment and software 81.17 82.58 84.27

 Information processing equipment and
 software 65.80 68.84 72.89
 Computers and peripheral equipment 32.74 34.18 38.32
 Software(1) 52.82 59.17 66.15
 Communication equipment 77.18 79.39 81.79
 Instruments 71.04 75.62 80.57
 Photocopy and related equipment 83.92 86.06 88.07
 Office and accounting equipment 99.14 90.51 90.42

 Industrial equipment 89.92 90.49 91.07
 Fabricated metal products 98.47 97.80 97.19
 Engines and turbines 97.88 98.99 99.16
 Steam engines 99.60 100.56 100.76
 Internal combustion engines 85.12 87.32 87.24
 Metalworking machinery 88.10 88.08 88.69
 Special industry machinery, n.e.c 88.87 89.59 90.12
 General industrial, including
 materials handling, equipment 91.53 91.58 91.57
 Electrical transmission, distribu-
 tion, and industrial apparatus 86.05 87.78 89.43

 Transportation equipment 80.41 81.98 83.73
 Trucks, buses, and truck trailers 69.09 67.39 68.80
 Autos 68.26 76.32 80.62
 Aircraft 91.31 94.78 98.19
 Ships and boats 118.59 113.17 108.90
 Railroad equipment 102.74 101.21 99.40

 Other equipment 91.33 91.13 90.58
 Furniture and fixtures 85.81 87.03 89.16
 Household furniture 107.08 103.63 101.17
 Other furniture 84.67 86.14 88.51
 Tractors 101.09 99.57 95.83
 Farm tractors 96.73 96.11 93.43
 Construction tractors 121.30 115.48 106.83
 Agricultural machinery, except
 tractors 102.28 100.85 97.88
 Construction machinery, except
 tractors 99.56 95.31 91.55
 Mining and oilfield machinery 132.87 121.18 110.03
 Service industry machinery 92.77 92.76 89.26
 Electrical equipment, n.e.c. 76.81 80.86 85.47
 Household appliances 114.81 109.13 105.00
 Other 74.29 78.98 84.17
 Other nonresidential equipment 80.86 82.55 84.56

 Residential equipment 81.81 84.21 86.63

Structures 90.00 91.37 92.78

 Nonresidential structures 92.34 93.76 94.79

 Nonresidential buildings, excluding
 farm 89.49 91.41 92.83
 Industrial buildings 91.49 93.53 95.07
 Office buildings(2) 91.13 93.10 94.31
 Commercial buildings 88.19 89.79 91.07
 Mobile structures 89.95 92.72 94.01
 Other commercial(3) 88.18 89.76 91.04
 Religious buildings 93.55 94.78 95.66
 Educational buildings 83.06 85.62 88.28
 Hospital and institutional buildings 84.40 87.11 89.95
 Other 90.56 92.18 92.52
 Hotels and motels 88.06 90.40 90.79
 Amusement and recreational
 buildings 85.20 86.78 87.90
 Other nonfarm buildings(4) 103.14 103.10 102.37

 Utilities 96.41 97.07 97.66
 Railroad 105.70 104.46 103.44
 Telecommunications 89.02 90.68 92.30
 Electric light and power 95.99 97.08 97.59
 Gas 90.74 92.26 94.57
 Petroleum pipelines 100.42 100.05 99.93

 Farm related buildings and structures 105.31 104.34 102.97
 Mining exploration, shafts, and wells 104.49 103.86 102.20
 Petroleum and natural gas 105.29 104.59 102.73
 Other mining 98.54 98.48 98.24
 Other nonfarm structures(5) 79.87 83.58 88.33

 Residential structures 88.52 89.88 91.50

 Housing units 89.24 90.59 92.08
 Permanent 89.16 90.48 91.96
 1-to-4-unit 87.74 89.26 90.98
 5-or-more-unit 99.30 99.61 99.63
 Manufactured homes 85.71 85.80 86.45
 Improvements 85.41 86.88 89.24
 Other residential(6) 104.72 103.39 102.40

 1993 1994 1995

 Private fixed assets 92.88 94.99 97.30

Equipment and software 86.96 90.55 94.93

 Nonresidential equipment and software 86.91 90.51 94.90

 Information processing equipment and
 software 77.77 83.43 90.81
 Computers and peripheral equipment 45.21 53.99 71.80
 Software(1) 73.84 81.69 89.64
 Communication equipment 84.15 88.04 93.40
 Instruments 85.71 90.28 95.07
 Photocopy and related equipment 92.36 97.04 99.22
 Office and accounting equipment 92.72 94.59 97.17

 Industrial equipment 92.33 94.31 97.07
 Fabricated metal products 96.68 97.12 98.06
 Engines and turbines 99.22 99.88 99.36
 Steam engines 100.70 101.07 99.89
 Internal combustion engines 88.23 91.07 95.40
 Metalworking machinery 90.15 92.82 96.54
 Special industry machinery, n.e.c 91.52 93.44 96.72
 General industrial, including
 materials handling, equipment 92.73 94.55 97.21
 Electrical transmission, distribu-
 tion, and industrial apparatus 91.42 93.89 96.87

 Transportation equipment 86.51 90.93 95.20
 Trucks, buses, and truck trailers 73.33 80.98 89.85
 Autos 84.18 92.01 95.59
 Aircraft 100.42 99.48 100.14
 Ships and boats 106.95 104.28 101.57
 Railroad equipment 98.27 98.60 99.38

 Other equipment 91.75 93.97 96.73
 Furniture and fixtures 91.40 93.83 96.85
 Household furniture 99.79 99.53 99.47
 Other furniture 90.95 93.53 96.71
 Tractors 95.05 96.40 98.45
 Farm tractors 93.47 95.85 98.53
 Construction tractors 102.32 98.92 98.06
 Agricultural machinery, except
 tractors 96.85 97.33 98.44
 Construction machinery, except
 tractors 91.09 92.56 95.48
 Mining and oilfield machinery 107.00 104.08 101.57
 Service industry machinery 88.79 91.85 95.81
 Electrical equipment, n.e.c. 89.98 93.21 96.01
 Household appliances 102.19 100.89 100.22
 Other 89.16 92.69 95.72
 Other nonresidential equipment 87.94 91.78 95.68

 Residential equipment 89.50 92.87 96.41

Structures 94.45 96.16 97.92

 Nonresidential structures 95.94 96.97 98.31

 Nonresidential buildings, excluding
 farm 94.30 95.81 97.71
 Industrial buildings 96.05 97.21 98.67
 Office buildings(2) 95.50 96.56 98.17
 Commercial buildings 92.72 94.55 96.99
 Mobile structures 95.22 96.45 97.98
 Other commercial(3) 92.69 94.53 96.98
 Religious buildings 96.74 97.69 98.82
 Educational buildings 90.73 93.35 96.23
 Hospital and institutional buildings 92.97 95.68 97.81
 Other 93.50 94.61 96.46
 Hotels and motels 91.75 92.61 95.07
 Amusement and recreational
 buildings 89.77 92.37 96.01
 Other nonfarm buildings(4) 102.27 102.11 100.32

 Utilities 98.33 98.49 99.13
 Railroad 102.44 101.50 100.62
 Telecommunications 94.09 95.84 97.94
 Electric light and power 98.54 98.50 99.19
 Gas 95.90 96.43 97.83
 Petroleum pipelines 100.09 100.14 99.97

 Farm related buildings and structures 102.20 101.44 100.53
 Mining exploration, shafts, and wells 101.77 101.13 100.06
 Petroleum and natural gas 102.23 101.31 100.12
 Other mining 98.28 99.78 99.54
 Other nonfarm structures(5) 92.35 95.42 98.21

 Residential structures 93.50 95.65 97.67

 Housing units 93.91 95.86 97.80
 Permanent 93.79 95.77 97.75
 1-to-4-unit 93.11 95.46 97.59
 5-or-more-unit 99.41 98.87 99.23
 Manufactured homes 88.29 91.43 95.46
 Improvements 92.05 95.00 97.25
 Other residential(6) 102.09 100.94 100.33

 1996 1997 1998

 Private fixed assets 100.00 102.93 106.35

Equipment and software 100.00 105.82 113.17

 Nonresidential equipment and software 100.00 105.86 113.28

 Information processing equipment and
 software 100.00 110.86 124.86
 Computers and peripheral equipment 100.00 140.17 206.52
 Software(1) 100.00 112.26 128.48
 Communication equipment 100.00 107.83 117.78
 Instruments 100.00 104.97 109.83
 Photocopy and related equipment 100.00 101.33 101.64
 Office and accounting equipment 100.00 107.19 118.63

 Industrial equipment 100.00 103.08 106.38
 Fabricated metal products 100.00 101.23 102.92
 Engines and turbines 100.00 99.08 99.30
 Steam engines 100.00 98.35 97.76
 Internal combustion engines 100.00 104.48 110.70
 Metalworking machinery 100.00 104.25 108.43
 Special industry machinery, n.e.c 100.00 102.90 105.46
 General industrial, including
 materials handling, equipment 100.00 102.96 106.70
 Electrical transmission, distribu-
 tion, and industrial apparatus 100.00 103.96 108.17

 Transportation equipment 100.00 105.35 113.40
 Trucks, buses, and truck trailers 100.00 111.58 124.74
 Autos 100.00 103.10 105.22
 Aircraft 100.00 101.32 111.86
 Ships and boats 100.00 98.36 98.40
 Railroad equipment 100.00 100.97 104.18

 Other equipment 100.00 104.30 109.46
 Furniture and fixtures 100.00 104.39 109.41
 Household furniture 100.00 101.52 104.59
 Other furniture 100.00 104.54 109.67
 Tractors 100.00 102.40 105.33
 Farm tractors 100.00 102.28 104.86
 Construction tractors 100.00 102.91 107.42
 Agricultural machinery, except
 tractors 100.00 102.06 104.49
 Construction machinery, except
 tractors 100.00 105.91 113.40
 Mining and oilfield machinery 100.00 100.21 107.73
 Service industry machinery 100.00 104.16 108.57
 Electrical equipment, n.e.c. 100.00 105.57 112.65
 Household appliances 100.00 100.97 103.74
 Other 100.00 105.88 113.26
 Other nonresidential equipment 100.00 105.65 111.69

 Residential equipment 100.00 103.62 107.57

Structures 100.00 102.20 104.66

 Nonresidential structures 100.00 101.97 104.14

 Nonresidential buildings, excluding
 farm 100.00 102.66 105.50
 Industrial buildings 100.00 101.00 101.92
 Office buildings(2) 100.00 102.63 106.03
 Commercial buildings 100.00 103.19 106.24
 Mobile structures 100.00 102.66 105.72
 Other commercial(3) 100.00 103.19 106.25
 Religious buildings 100.00 101.88 104.18
 Educational buildings 100.00 105.05 110.47
 Hospital and institutional buildings 100.00 102.61 105.05
 Other 100.00 104.39 109.11
 Hotels and motels 100.00 105.89 112.60
 Amusement and recreational
 buildings 100.00 105.12 109.81
 Other nonfarm buildings(4) 100.00 99.93 99.97

 Utilities 100.00 100.56 101.41
 Railroad 100.00 99.53 99.16
 Telecommunications 100.00 102.30 105.30
 Electric light and power 100.00 100.11 100.56
 Gas 100.00 101.44 102.76
 Petroleum pipelines 100.00 99.86 100.35

 Farm related buildings and structures 100.00 99.42 98.83
 Mining exploration, shafts, and wells 100.00 102.23 104.20
 Petroleum and natural gas 100.00 102.47 104.55
 Other mining 100.00 100.25 101.29
 Other nonfarm structures(5) 100.00 101.39 103.28

 Residential structures 100.00 102.34 104.99

 Housing units 100.00 102.25 105.00
 Permanent 100.00 102.30 104.89
 1-to-4-unit 100.00 102.44 105.31
 5-or-more-unit 100.00 100.96 102.11
 Manufactured homes 100.00 104.70 110.17
 Improvements 100.00 102.56 105.06
 Other residential(6) 100.00 100.33 100.96

(1.) Excludes software "embedded" or bundled in computers and other equipment.

(2.) Consists of office buildings, except those occupied by electric and gas utility companies.

(3.) Consists primarily of stores, restaurants, garages, service stations, warehouses, and other buildings used for commercial purposes.

(4.) Consists of buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.

(5.) Consists primarily of streets, dams, reservoirs, sewer and water facilities, parks, and airfields.

(6.) Consists primarily of dormitories and fraternity and sorority houses. n.e.c. Not elsewhere classified.

Table 5.--Current-Cost Net Stock of Private Fixed Assets, by Industry, 1988-98

[Billions of dollars; yearend estimates]

 Line 1988 1989

 Private fixed assets 1 11,540.9 12,197.2

Agriculture, forestry, and fishing 2 453.4 468.1
 Farms 3 423.3 436.2
 Housing 4 152.2 157.6
 Other 5 271.1 278.6
 Agricultural services, forestry,
 and fishing 6 30.1 31.9

Mining 7 401.1 405.0
 Metal mining 8 28.7 28.9
 Coal mining 9 31.1 31.5
 Oil and gas extraction 10 323.8 326.2
 Nonmetallic minerals, except
 fuels 11 17.5 18.4

Construction 12 72.5 77.4

Manufacturing 13 1,094.6 1,151.2

 Durable goods 14 580.3 606.0
 Lumber and wood products 15 24.1 24.7
 Furniture and fixtures 16 10.0 10.7
 Stone, clay, and glass products 17 37.6 38.9
 Primary metal industries 18 108.4 111.7
 Fabricated metal products 19 63.9 66.5
 Industrial machinery and
 equipment 20 100.1 104.8
 Electronic and other electric
 equipment 21 81.7 86.4
 Motor vehicles and equipment 22 58.2 60.3
 Other transportation equipment 23 46.8 49.0
 Instruments and related products 24 38.8 42.0
 Miscellaneous manufacturing
 industries 25 10.7 11.2

 Nondurable goods 26 514.3 545.2
 Food and kindred products 27 106.9 112.3
 Tobacco products 28 8.5 8.7
 Textile mill products 29 31.3 32.4
 Apparel and other textile
 products 30 10.4 10.8
 Paper and allied products 31 69.7 76.0
 Printing and publishing 32 45.2 48.5
 Chemicals and allied products 33 136.6 146.0
 Petroleum and coal products 34 70.4 72.4
 Rubber and miscellaneous
 plastics products 35 32.8 35.5
 Leather and leather products 36 2.5 2.5

Transportation and public
 utilities 37 1,705.4 1,795.2

 Transportation 38 557.7 573.7
 Railroad transportation 39 296.8 303.5
 Local and interurban passenger
 transit 40 19.3 20.2
 Trucking and warehousing 41 68.7 70.8
 Water transportation 42 35.2 35.4
 Transportation by air 43 76.1 80.1
 Pipelines, except natural gas 44 37.5 38.4
 Transportation services 45 24.0 25.3

 Communications 46 386.5 415.6
 Telephone and telegraph 47 341.1 363.0
 Radio and television 48 45.5 52.6

 Electric, gas, and sanitary
 services 49 761.2 805.8
 Electric services 50 558.6 588.5
 Gas services 51 150.2 159.2
 Sanitary services 52 52.4 58.2

Wholesale trade 53 256.9 272.2

Retail trade 54 344.9 368.5

Finance, insurance, and real
 estate 55 6,725.3 7,139.6
 Depository institutions 56 204.3 222.0
 Nondepository institutions 57 88.1 101.5
 Security and commodity brokers 58 30.6 36.0
 Insurance carriers 59 70.6 79.8
 Insurance agents, brokers, and
 service 60 7.6 8.0
 Real estate(1) 61 6,294.1 6,659.6
 Owner-occupied housing 62 3,892.6 4,149.3
 Tenant-occupied housing 63 1,561.3 1,605.3
 Other 64 840.2 905.0
 Holding and other investment
 offices 65 30.0 32.7

Services 66 486.9 520.1
 Hotels and other lodging places 67 91.6 97.6
 Personal services 68 26.5 26.5
 Business services 69 85.0 93.0
 Auto repair, services, and
 parking 70 57.8 59.4
 Miscellaneous repair services 71 8.6 9.0
 Motion pictures 72 13.0 14.6
 Amusement and recreation services 73 30.5 32.2
 Other services 74 174.1 187.8
 Health services 75 83.8 91.1
 Legal services 76 16.5 17.4
 Educational services 77 9.8 10.5
 Other(2) 78 64.0 68.8

 1990 1991 1992

 Private fixed assets 12,760.3 13,021.5 13,582.6

Agriculture, forestry, and fishing 481.5 485.3 494.0
 Farms 446.6 448.0 453.7
 Housing 161.2 161.7 166.9
 Other 285.5 286.3 286.8
 Agricultural services, forestry,
 and fishing 34.8 37.3 40.3

Mining 430.8 403.9 405.8
 Metal mining 29.3 29.3 30.0
 Coal mining 32.1 31.7 32.0
 Oil and gas extraction 350.4 323.7 324.9
 Nonmetallic minerals, except
 fuels 19.0 19.2 18.9

Construction 81.7 81.6 83.1

Manufacturing 1,217.2 1,247.6 1,286.0

 Durable goods 635.8 645.7 660.5
 Lumber and wood products 25.4 25.2 25.3
 Furniture and fixtures 11.2 11.2 11.4
 Stone, clay, and glass products 40.2 40.2 40.4
 Primary metal industries 115.5 116.4 117.2
 Fabricated metal products 69.7 70.3 71.6
 Industrial machinery and
 equipment 110.3 112.0 115.0
 Electronic and other electric
 equipment 91.8 93.6 96.4
 Motor vehicles and equipment 64.0 66.2 68.1
 Other transportation equipment 51.1 51.6 53.2
 Instruments and related products 45.0 47.1 49.6
 Miscellaneous manufacturing
 industries 11.6 11.8 12.3

 Nondurable goods 581.4 601.9 625.5
 Food and kindred products 118.7 122.4 126.9
 Tobacco products 8.8 8.8 8.9
 Textile mill products 33.8 33.8 34.1
 Apparel and other textile
 products 11.3 11.4 11.8
 Paper and allied products 83.8 87.1 89.1
 Printing and publishing 52.2 53.6 55.3
 Chemicals and allied products 157.0 164.9 173.4
 Petroleum and coal products 75.0 77.5 81.9
 Rubber and miscellaneous
 plastics products 38.3 39.9 41.6
 Leather and leather products 2.6 2.5 2.5

Transportation and public
 utilities 1,855.3 1,893.6 1,954.6

 Transportation 581.8 586.4 600.7
 Railroad transportation 304.4 302.9 306.8
 Local and interurban passenger
 transit 20.8 21.2 21.8
 Trucking and warehousing 71.3 71.0 71.9
 Water transportation 35.3 35.0 34.7
 Transportation by air 85.3 91.1 99.3
 Pipelines, except natural gas 38.3 38.6 39.5
 Transportation services 26.2 26.6 26.7

 Communications 436.2 450.3 469.4
 Telephone and telegraph 376.8 386.0 400.6
 Radio and television 59.3 64.3 68.8

 Electric, gas, and sanitary
 services 837.4 856.8 884.6
 Electric services 609.1 618.3 631.6
 Gas services 164.8 170.8 180.3
 Sanitary services 63.4 67.7 72.6

Wholesale trade 285.6 291.2 300.6

Retail trade 390.7 403.9 423.2

Finance, insurance, and real
 estate 7,465.8 7,639.3 8,029.1
 Depository institutions 236.3 242.1 254.8
 Nondepository institutions 113.8 117.9 117.1
 Security and commodity brokers 40.0 42.8 44.0
 Insurance carriers 88.8 94.9 103.0
 Insurance agents, brokers, and
 service 8.5 9.0 9.1
 Real estate(1) 6,943.7 7,096.8 7,463.1
 Owner-occupied housing 4,336.6 4,444.7 4,717.9
 Tenant-occupied housing 1,639.9 1,654.6 1,711.1
 Other 967.2 997.5 1,034.1
 Holding and other investment
 offices 34.7 35.8 38.1

Services 551.7 575.3 606.2
 Hotels and other lodging places 104.9 107.6 109.9
 Personal services 26.6 261.0 25.5
 Business services 99.4 103.0 107.3
 Auto repair, services, and
 parking 61.7 69.7 78.0
 Miscellaneous repair services 9.4 9.6 9.9
 Motion pictures 16.0 17.1 18.5
 Amusement and recreation services 33.6 34.7 36.1
 Other services 200.0 207.5 221.0
 Health services 98.0 102.8 111.3
 Legal services 18.2 18.2 18.4
 Educational services 11.1 11.5 12.0
 Other(2) 72.7 75.0 79.3

 1993 1994 1995

 Private fixed assets 14,318.0 15,203.7 15,908.5

Agriculture, forestry, and fishing 510.3 534.6 551.2
 Farms 466.6 486.0 498.3
 Housing 172.8 182.0 186.8
 Other 293.7 304.0 311.5
 Agricultural services, forestry,
 and fishing 43.7 48.6 52.9

Mining 417.6 433.0 455.0
 Metal mining 302.0 32.6 34.3
 Coal mining 33.5 36.4 39.0
 Oil and gas extraction 334.2 343.7 360.4
 Nonmetallic minerals, except
 fuels 19.3 20.3 21.2

Construction 87.3 93.4 100.5


Manufacturing 1,326.5 1,387.2 1,457.3

 Durable goods 678.1 708.6 746.6
 Lumber and wood products 25.8 27.3 29.0
 Furniture and fixtures 11.9 12.5 13.2
 Stone, clay, and glass products 40.9 42.2 43.9
 Primary metal industries 118.3 122.2 126.0
 Fabricated metal products 73.7 77.0 81.5
 Industrial machinery and
 equipment 117.0 121.1 125.5
 Electronic and other electric
 equipment 100.4 107.9 119.6
 Motor vehicles and equipment 72.7 78.1 85.3
 Other transportation equipment 53.7 54.4 54.7
 Instruments and related products 51.1 52.7 54.1
 Miscellaneous manufacturing
 industries 12.6 13.2 13.9

 Nondurable goods 648.4 678.6 710.7
 Food and kindred products 131.6 138.0 145.5
 Tobacco products 9.0 9.2 9.3
 Textile mill products 35.1 36.8 38.0
 Apparel and other textile
 products 12.2 12.9 13.4
 Paper and allied products 91.1 94.2 97.8
 Printing and publishing 55.9 57.9 59.2
 Chemicals and allied products 180.9 189.6 199.8
 Petroleum and coal products 85.8 89.8 93.1
 Rubber and miscellaneous
 plastics products 44.1 47.6 51.8
 Leather and leather products 2.6 2.7 2.7

Transportation and public
 utilities 2,054.6 2,139.9 2,231.9

 Transportation 634.2 661.4 692.2
 Railroad transportation 324.0 329.1 337.4
 Local and interurban passenger
 transit 23.0 24.2 25.1
 Trucking and warehousing 77.3 89.0 99.0
 Water transportation 36.0 36.7 37.1
 Transportation by air 104.4 108.3 115.2
 Pipelines, except natural gas 41.7 43.9 44.4
 Transportation services 27.8 30.3 34.0

 Communications 493.8 519.2 548.8
 Telephone and telegraph 419.9 439.2 458.3
 Radio and television 74.0 80.0 90.5

 Electric, gas, and sanitary
 services 926.5 959.3 990.9
 Electric services 655.9 675.3 696.4
 Gas services 192.5 200.4 205.0
 Sanitary services 78.2 83.5 89.5

Wholesale trade 321.8 350.7 379.0

Retail trade 448.5 482.4 514.1

Finance, insurance, and real
 estate 8,505.3 9,087.5 9,480.9
 Depository institutions 259.6 266.4 268.1
 Nondepository institutions 129.9 151.5 166.3
 Security and commodity brokers 52.6 58.7 63.5
 Insurance carriers 111.3 124.1 139.0
 Insurance agents, brokers, and
 service 9.9 11.8 12.8
 Real estate(1) 7,900.1 8,429.1 8,779.2
 Owner-occupied housing 5,053.0 5,459.1 5,717.7
 Tenant-occupied housing 1,765.1 1,831.1 1,879.8
 Other 1,082.0 1,138.9 1,181.7
 Holding and other investment
 offices 41.9 46.0 52.1

Services 646.1 694.9 738.5
 Hotels and other lodging places 114.7 120.6 125.1
 Personal services 25.4 26.0 26.9
 Business services 114.9 122.3 131.4
 Auto repair, services, and
 parking 87.4 101.4 111.3
 Miscellaneous repair services 10.5 11.3 12.0
 Motion pictures 20.6 24.1 27.7
 Amusement and recreation services 39.2 43.2 46.7
 Other services 233.4 246.1 257.4
 Health services 120.1 128.2 134.8
 Legal services 18.7 18.8 19.1
 Educational services 12.5 13.4 13.9
 Other(2) 82.2 85.7 89.5

 1996 1997 1998

 Private fixed assets 16,722.5 17,573.4 18,642.9

Agriculture, forestry, and fishing 569.2 588.7 613.9
 Farms 510.6 525.4 543.7
 Housing 192.1 197.9 205.9
 Other 318.5 327.5 337.7
 Agricultural services, forestry,
 and fishing 58.5 63.3 70.2

Mining 482.9 500.6 529.8
 Metal mining 35.8 36.1 36.7
 Coal mining 40.9 43.6 47.1
 Oil and gas extraction 384.1 397.1 420.1
 Nonmetallic minerals, except
 fuels 22.1 23.7 25.9

Construction 108.9 118.0 129.3

Manufacturing 1,520.9 1,590.1 1,660.2

 Durable goods 782.5 820.9 860.6
 Lumber and wood products 30.6 31.5 32.5
 Furniture and fixtures 13.7 14.3 15.0
 Stone, clay, and glass products 46.0 49.8 55.0
 Primary metal industries 128.6 131.4 134.2
 Fabricated metal products 84.3 87.3 90.8
 Industrial machinery and
 equipment 129.9 136.8 143.4
 Electronic and other electric
 equipment 133.2 143.4 153.4
 Motor vehicles and equipment 90.3 95.9 101.7
 Other transportation equipment 55.1 57.0 59.8
 Instruments and related products 56.2 58.6 59.4
 Miscellaneous manufacturing
 industries 14.6 14.9 15.4

 Nondurable goods 738.5 769.2 799.5
 Food and kindred products 151.4 158.7 166.5
 Tobacco products 9.7 10.1 10.5
 Textile mill products 38.6 40.0 41.2
 Apparel and other textile
 products 13.6 13.8 14.0
 Paper and allied products 101.1 104.2 107.9
 Printing and publishing 60.6 63.1 66.2
 Chemicals and allied products 210.4 220.8 229.4
 Petroleum and coal products 95.0 95.7 96.4
 Rubber and miscellaneous
 plastics products 55.4 59.9 64.7
 Leather and leather products 2.7 2.8 2.9

Transportation and public
 utilities 2,312.7 2,398.4 2,477.4

 Transportation 720.9 747.7 776.3
 Railroad transportation 349.5 352.6 348.9
 Local and interurban passenger
 transit 26.7 27.4 27.9
 Trucking and warehousing 104.2 113.8 125.5
 Water transportation 37.9 38.9 39.9
 Transportation by air 121.9 131.0 147.1
 Pipelines, except natural gas 45.1 47.0 46.9
 Transportation services 35.5 37.1 40.1

 Communications 587.1 617.9 660.5
 Telephone and telegraph 483.8 504.5 534.1
 Radio and television 103.4 113.4 126.3

 Electric, gas, and sanitary
 services 1,004.7 1,032.7 1,040.6
 Electric services 700.8 715.5 720.6
 Gas services 211.7 222.0 223.5
 Sanitary services 92.2 95.2 96.6

Wholesale trade 405.3 433.3 463.0

Retail trade 549.7 583.0 617.4

Finance, insurance, and real
 estate 9,986.5 10,518.0 11,238.6
 Depository institutions 274.6 285.5 300.6
 Nondepository institutions 192.2 207.9 239.3
 Security and commodity brokers 68.9 74.9 84.2
 Insurance carriers 145.7 154.7 165.3
 Insurance agents, brokers, and
 service 14.3 15.7 17.3
 Real estate(1) 9,232.2 9,714.0 10,358.8
 Owner-occupied housing 6,049.9 6,394.2 6,842.5
 Tenant-occupied housing 1,953.3 2,026.4 2,144.6
 Other 1,229.0 1,293.4 1,371.7
 Holding and other investment
 offices 58.6 65.3 73.1

Services 786.4 843.4 913.3
 Hotels and other lodging places 136.0 147.7 161.2
 Personal services 27.2 29.0 31.2
 Business services 139.2 147.4 161.2
 Auto repair, services, and
 parking 1,187.0 124.6 131.5
 Miscellaneous repair services 13.0 14.2 15.6
 Motion pictures 30.7 35.0 39.4
 Amusement and recreation services 50.0 54.5 59.0
 Other services 271.6 290.9 314.3
 Health services 142.9 152.9 164.8
 Legal services 19.5 20.3 21.2
 Educational services 14.8 16.0 17.4
 Other(2) 94.4 101.8 110.9

(1.) Fixed assets of nonprofit institutions serving individuals are included in the real estate industry.

(2.) Consists of social services; museums, botanical and zoological gardens; membership organizations; engineering and management services; and services, not elsewhere classified.

NOTE.--Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

Table 6.--Chain-Type Quantity Indexes for Net Stock of Private Fixed Assets, by Industry, 1988.98

[Index numbers, 1996=100; yearend estimates]

 Line 1988 1989

 Private fixed assets 1 84.09 86.21

Agriculture, forestry, and fishing 2 99.02 98.76
 Farms 3 103.22 102.74
 Housing 4 99.08 99.18
 Other 5 105.68 104.85
 Agricultural services, forestry, and
 fishing 6 62.99 64.60

Mining 7 106.51 104.65
 Metal mining 8 98.69 96.00
 Coal mining 9 94.21 92.12
 Oil and gas extraction 10 109.18 107.25
 Nonmetallic minerals, except fuels 11 98.06 99.40

Construction 12 81.74 84.31

Manufacturing 13 86.92 88.49

 Durable goods 14 89.07 90.12
 Lumber and wood products 15 96.36 95.87
 Furniture and fixtures 16 88.85 91.51
 Stone, clay, and glass products 17 100.59 100.64
 Primary metal industries 18 103.76 103.02
 Fabricated metal products 19 92.72 93.36
 Industrial machinery and equipment 20 90.85 92.34
 Electronic and other electric
 equipment 21 71.82 73.70
 Motor vehicles and equipment 22 78.92 79.14
 Other transportation equipment 23 100.48 102.42
 Instruments and related products 24 79.79 83.99
 Miscellaneous manufacturing industries 25 89.15 89.86

 Nondurable goods 26 84.61 86.75
 Food and kindred products 27 86.50 87.90
 Tobacco products 28 106.24 105.34
 Textile mill products 29 100.21 100.32
 Apparel and other textile products 30 92.10 93.16
 Paper and allied products 31 84.66 88.95
 Printing and publishing 32 87.22 91.15
 Chemicals and allied products 33 78.15 80.75
 Petroleum and coal products 34 90.86 90.22
 Rubber and miscellaneous plastics
 products 35 72.72 76.29
 Leather and leather products 36 112.79 110.77

Transportation and public utilities 37 89.93 90.08

 Transportation 38 97.35 96.72
 Railroad transportation 39 108.54 107.31
 Local and interurban passenger transit 40 89.51 90.80
 Trucking and warehousing 41 80.25 80.64
 Water transportation 42 114.95 110.82
 Transportation by air 43 81.28 82.22
 Pipelines, except natural gas 44 101.00 99.09
 Transportation services 45 78.52 79.23

 Communications 46 74.87 77.54
 Telephone and telegraph 47 79.93 81.93
 Radio and television 48 50.92 56.83

 Electric, gas, and sanitary services 49 91.75 92.96
 Electric services 50 96.54 97.17
 Gas services 51 85.48 86.93
 Sanitary services 52 69.42 74.52

Wholesale trade 53 71.19 73.75

Retail trade 54 75.48 78.21

Finance, insurance, and real estate 55 82.64 85.26
 Depository institutions 56 87.26 92.17
 Nondepository institutions 57 49.54 56.14
 Security and commodity brokers 58 51.67 59.47
 Insurance carriers 59 55.96 61.67
 Insurance agents, brokers, and service 80 61.85 64.09
 Real estate(1) 61 84.08 86.44
 Owner-occupied housing 62 80.20 82.78
 Tenant-occupied housing 63 96.25 97.18
 Other 64 83.70 87.25
 Holding and other investment offices 65 61.74 65.28

Services 66 71.92 75.93
 Hotels and other lodging places 67 82.68 85.22
 Personal services 68 95.66 97.86
 Business services 69 67.02 72.02
 Auto repair, services, and parking 70 58.82 58.95
 Miscellaneous repair services 71 77.92 79.84
 Motion pictures 72 49.02 53.80
 Amusement and recreation services 73 74.00 75.60
 Other services 74 74.44 78.34
 Health services 75 69.45 73.50
 Legal services 76 94.19 97.61
 Educational services 77 78.38 81.74
 Other(2) 78 77.12 80.98

 1990 1991 1992

 Private fixed assets 88.14 89.52 90.99

Agriculture, forestry, and fishing 98.98 98.50 97.63
 Farms 102.54 101.65 100.19
 Housing 99.50 99.36 99.12
 Other 104.34 103.01 100.84
 Agricultural services, forestry, and
 fishing 68.38 71.45 75.52

Mining 103.48 102.43 100.39
 Metal mining 94.62 94.19 94.16
 Coal mining 90.66 88.73 87.71
 Oil and gas extraction 106.07 104.99 102.74
 Nonmetallic minerals, except fuels 99.30 99.21 95.38

Construction 86.30 84.67 83.94

Manufacturing 90.18 91.44 92.62

 Durable goods 91.17 91.63 92.19
 Lumber and wood products 95.15 93.38 91.71
 Furniture and fixtures 92.79 92.19 92.23
 Stone, clay, and glass products 100.17 98.76 97.25
 Primary metal industries 102.45 101.87 100.68
 Fabricated metal products 93.94 93.50 93.44
 Industrial machinery and equipment 93.86 94.51 95.67
 Electronic and other electric
 equipment 75.68 76.61 77.60
 Motor vehicles and equipment 80.63 82.12 83.01
 Other transportation equipment 103.46 104.06 105.70
 Instruments and related products 87.50 91.15 94.67
 Miscellaneous manufacturing industries 90.31 90.83 92.68

 Nondurable goods 89.12 91.23 93.08
 Food and kindred products 89.47 91.27 92.68
 Tobacco products 102.61 101.71 100.94
 Textile mill products 100.08 99.13 97.92
 Apparel and other textile products 94.04 94.36 95.67
 Paper and allied products 93.91 96.15 96.59
 Printing and publishing 94.64 96.63 98.18
 Chemicals and allied products 83.89 87.08 90.10
 Petroleum and coal products 90.40 92.54 95.77
 Rubber and miscellaneous plastics
 products 78.95 80.96 82.87
 Leather and leather products 108.41 105.30 104.41

Transportation and public utilities 91.18 91.97 93.26

 Transportation 95.82 95.02 94.91
 Railroad transportation 105.86 104.29 102.85
 Local and interurban passenger transit 92.03 92.52 92.59
 Trucking and warehousing 79.17 77.11 75.84
 Water transportation 107.39 104.32 101.22
 Transportation by air 83.53 85.76 91.01
 Pipelines, except natural gas 97.38 96.94 97.09
 Transportation services 80.09 80.83 81.07

 Communications 80.131 82.28 85.30
 Telephone and telegraph 83.78 85.38 88.16
 Radio and television 62.91 67.73 71.85

 Electric, gas, and sanitary services 94.52 95.55 96.76
 Electric services 98.40 98.75 98.92
 Gas services 88.43 90.41 93.44
 Sanitary services 78.81 82.80 87.76

Wholesale trade 75.68 77.02 78.48

Retail trade 80.93 83.34 85.70

Finance, insurance, and real estate 87.56 89.18 90.88
 Depository institutions 95.58 97.40 100.96
 Nondepository institutions 61.30 63.04 62.17
 Security and commodity brokers 64.81 69.48 70.21
 Insurance carriers 67.04 71.40 76.34
 Insurance agents, brokers, and service 66.37 69.88 69.39
 Real estate(1) 88.56 90.09 91.75
 Owner-occupied housing 85.03 86.85 89.05
 Tenant-occupied housing 97.94 98.02 98.15
 Other 90.93 93.36 94.79
 Holding and other investment offices 67.70 69.47 72.60

Services 77.70 80.68 83.66
 Hotels and other lodging places 89.29 91.19 91.22
 Personal services 97.35 96.95 95.45
 Business services 75.18 77.80 80.27
 Auto repair, services, and parking 59.56 65.77 71.79
 Miscellaneous repair services 80.51 81.42 82.55
 Motion pictures 57.33 60.96 64.80
 Amusement and recreation services 77.04 78.76 80.68
 Other services 81.49 84.42 88.44
 Health services 77.03 80.44 85.31
 Legal services 100.07 100.32 100.69
 Educational services 84.35 86.99 89.44
 Other(2) 83.82 86.67 90.42

 1993 1994 1995

 Private fixed assets 92.88 94.99 97.30

Agriculture, forestry, and fishing 97.54 98.29 99.01
 Farms 99.59 99.67 99.86
 Housing 98.82 99.45 99.88
 Other 100.05 99.80 99.84
 Agricultural services, forestry, and
 fishing 79.78 86.36 91.68

Mining 100.07 99.82 99.81
 Metal mining 93.29 95.28 97.87
 Coal mining 89.39 93.37 97.50
 Oil and gas extraction 102.27 101.21 100.36
 Nonmetallic minerals, except fuels 94.65 96.01 97.92

Construction 85.76 88.85 93.44

Manufacturing 93.43 94.82 97.17

 Durable goods 92.54 93.92 96.58
 Lumber and wood products 91.13 93.10 96.29
 Furniture and fixtures 93.53 95.01 97.57
 Stone, clay, and glass products 96.08 95.94 97.11
 Primary metal industries 99.21 99.31 99.47
 Fabricated metal products 93.84 95.19 97.98
 Industrial machinery and equipment 95.38 96.13 97.48
 Electronic and other electric
 equipment 79.47 83.28 90.46
 Motor vehicles and equipment 86.43 90.20 95.72
 Other transportation equipment 104.27 102.39 100.62
 Instruments and related products 95.68 96.15 97.22
 Miscellaneous manufacturing industries 93.08 93.96 96.65

 Nondurable goods 94.39 95.77 97.79
 Food and kindred products 93.80 95.25 97.87
 Tobacco products 99.70 98.43 97.53
 Textile mill products 98.20 99.74 100.34
 Apparel and other textile products 96.61 98.36 100.22
 Paper and allied products 96.85 97.22 98.22
 Printing and publishing 97.44 98.11 98.70
 Chemicals and allied products 92.27 93.86 96.39
 Petroleum and coal products 97.83 98.92 99.97
 Rubber and miscellaneous plastics
 products 85.75 69.70 94.93
 Leather and leather products 103.21 102.02 101.08

Transportation and public utilities 94.81 96.12 97.98

 Transportation 95.45 96.85 98.58
 Railroad transportation 101.90 101.13 100.38
 Local and interurban passenger transit 93.47 95.48 96.57
 Trucking and warehousing 78.84 87.88 95.89
 Water transportation 101.76 101.61 100.31
 Transportation by air 93.15 93.43 96.45
 Pipelines, except natural gas 97.67 98.54 99.21
 Transportation services 82.67 87.79 95.27

 Communications 88.07 91.29 95.17
 Telephone and telegraph 90.71 93.65 96.44
 Radio and television 75.66 80.23 89.21

 Electric, gas, and sanitary services 98.28 98.42 99.18
 Electric services 99.79 99.45 99.70
 Gas services 95.63 96.10 97.56
 Sanitary services 92.77 95.82 98.88

Wholesale trade 82.39 87.60 93.77

Retail trade 88.25 91.45 95.40

Finance, insurance, and real estate 92.98 95.23 97.41
 Depository institutions 100.53 100.06 99.00
 Nondepository institutions 68.28 78.49 85.60
 Security and commodity brokers 81.87 88.21 93.76
 Insurance carriers 80.64 87.19 96.29
 Insurance agents, brokers, and service 73.80 84.86 90.40
 Real estate(1) 93.70 95.73 97.72
 Owner-occupied housing 91.68 94.60 97.11
 Tenant-occupied housing 98.48 98.42 99.12
 Other 96.01 97.01 98.46
 Holding and other investment offices 77.41 81.86 90.77

Services 87.11 90.93 95.07
 Hotels and other lodging places 92.12 92.92 94.29
 Personal services 95.10 95.81 99.18
 Business services 84.79 88.61 94.26
 Auto repair, services, and parking 78.16 88.07 94.81
 Miscellaneous repair services 85.28 89.05 92.77
 Motion pictures 70.79 80.39 91.36
 Amusement and recreation services 85.17 90.59 95.58
 Other services 91.23 93.26 96.01
 Health services 89.72 92.78 95.84
 Legal services 100.00 98.27 98.52
 Educational services 90.82 93.65 95.88
 Other(2) 91.74 92.87 95.75

 1996 1997 1998

 Private fixed assets 100.00 102.93 106.35

Agriculture, forestry, and fishing 100.00 101.23 102.78
 Farms 100.00 100.53 101.10
 Housing 100.00 100.47 101.30
 Other 100.00 100.57 100.98
 Agricultural services, forestry, and
 fishing 100.00 107.35 117.64

Mining 100.00 101.79 103.70
 Metal mining 100.00 98.31 97.26
 Coal mining 100.00 104.11 109.81
 Oil and gas extraction 100.00 101.66 103.13
 Nonmetallic minerals, except fuels 100.00 105.39 112.75

Construction 100.00 107.38 115.88

Manufacturing 100.00 103.28 106.30

 Durable goods 100.00 103.76 107.40
 Lumber and wood products 100.00 101.24 102.45
 Furniture and fixtures 100.00 102.51 105.18
 Stone, clay, and glass products 100.00 106.85 115.98
 Primary metal industries 100.00 100.73 101.26
 Fabricated metal products 100.00 102.41 105.07
 Industrial machinery and equipment 100.00 104.53 108.74
 Electronic and other electric
 equipment 100.00 106.91 113.33
 Motor vehicles and equipment 100.00 105.06 110.05
 Other transportation equipment 100.00 101.70 105.00
 Instruments and related products 100.00 103.32 103.65
 Miscellaneous manufacturing industries 100.00 100.74 102.02

 Nondurable goods 100.00 102.77 105.14
 Food and kindred products 100.00 103.22 106.24
 Tobacco products 100.00 102.58 103.80
 Textile mill products 100.00 102.17 103.25
 Apparel and other textile products 100.00 100.13 99.44
 Paper and allied products 100.00 101.95 104.15
 Printing and publishing 100.00 103.31 107.55
 Chemicals and allied products 100.00 103.73 106.27
 Petroleum and coal products 100.00 98.85 97.37
 Rubber and miscellaneous plastics
 products 100.00 106.72 113.54
 Leather and leather products 100.00 101.63 104.82

Transportation and public utilities 100.00 102.47 105.82

 Transportation 100.00 102.79 107.06
 Railroad transportation 100.00 99.86 100.31
 Local and interurban passenger transit 100.00 101.37 102.80
 Trucking and warehousing 100.00 109.09 118.30
 Water transportation 100.00 100.78 102.20
 Transportation by air 100.00 106.93 119.23
 Pipelines, except natural gas 100.00 100.43 101.48
 Transportation services 100.00 105.33 114.50

 Communications 100.00 105.88 112.99
 Telephone and telegraph 100.00 105.02 111.05
 Radio and television 100.00 109.89 122.05

 Electric, gas, and sanitary services 100.00 100.27 100.96
 Electric services 100.00 99.79 100.18
 Gas services 100.00 101.59 103.37
 Sanitary services 100.00 100.91 101.41

Wholesale trade 100.00 106.61 113.43

Retail trade 100.00 103.68 107.12

Finance, insurance, and real estate 100.00 102.65 105.83
 Depository institutions 100.00 102.49 103.23
 Nondepository institutions 100.00 110.65 129.44
 Security and commodity brokers 100.00 107.11 118.34
 Insurance carriers 100.00 105.06 110.85
 Insurance agents, brokers, and service 100.00 109.35 119.33
 Real estate(1) 100.00 102.37 105.08
 Owner-occupied housing 100.00 103.03 106.42
 Tenant-occupied housing 100.00 100.44 101.05
 Other 100.00 102.20 104.96
 Holding and other investment offices 100.00 108.64 118.05

Services 100.00 106.08 113.31
 Hotels and other lodging places 100.00 105.51 111.53
 Personal services 100.00 107.21 115.61
 Business services 100.00 108.38 116.74
 Auto repair, services, and parking 100.00 105.44 110.66
 Miscellaneous repair services 100.00 108.79 118.49
 Motion pictures 100.00 113.03 125.82
 Amusement and recreation services 100.00 106.50 112.59
 Other services 100.00 105.39 111.90
 Health services 100.00 105.04 110.86
 Legal services 100.00 102.73 106.75
 Educational services 100.00 105.59 111.82
 Other(2) 100.00 106.42 114.56

(1.) Fixed assets of nonprofit institutions sewing individuals are included in the real estate industry.

(2.) Consists of social services; museums, botanical and zoological gardens; membership organizations; engineering and management services; and services, not elsewhere classified.

NOTE.--estimates in this table are based on the 1987 Standard Industrial Classification (SIC).

Table 7.--Current-Cost Net Stock of Private Nonresidential Fixed Assets, by Selected Industry Group and Legal Form of Organization, 1988-98

[Billions of dollars; yearend estimates]

 Line 1988 1989

 Private nonresidential fixed
 assets 1 5,934.8 6,285.1
 Equipment and software 2 2,264.9 2,400.2
 Structures 3 3,669.9 3,884.8

By selected industry group:

 Farms 4 271.1 278.6
 Equipment and software 5 98.0 101.7
 Structures 6 173.1 177.0

 Manufacturing 7 1,094.6 1,151.2
 Equipment and software 8 643.0 679.0
 Structures 9 451.6 472.2

 Nonfarm nonmanufacturing 10 4,569.1 4,855.2
 Equipment and software 11 1,523.8 1,619.6
 Structures 12 3,045.3 3,235.6

By legal form of organization:

 Corporate 13 4,426.5 4,690.8
 Equipment and software 14 1,909.3 2,026.3
 Structures 15 2,517.2 2,664.5

 Financial 16 397.2 444.2
 Equipment and software 17 202.6 227.5
 Structures 18 194.6 216.7

 Nonfinancial 19 4,029.3 4,246.7
 Equipment and software 20 1,706.7 1,798.8
 Structures 21 2,322.6 2,447.8

 Noncorporate 22 1,508.3 1,594.2
 Equipment and software 23 355.6 373.9
 Structures 24 1,152.7 1,220.3

 1990 1991 1992

 Private nonresidential fixed
 assets 6,622.7 6,760.5 6,986.8
 Equipment and software 2,541.9 2,622.8 2,708.2
 Structures 4,080.7 4,137.7 4,278.6

By selected industry group:

 Farms 285.5 286.3 286.8
 Equipment and software 105.9 107.9 107.0
 Structures 179.6 178.3 179.8

 Manufacturing 1,217.2 1,247.6 1,286.0
 Equipment and software 729.0 755.5 779.8
 Structures 488.2 492.1 506.2

 Nonfarm nonmanufacturing 5,120.0 5,226.6 5,414.0
 Equipment and software 1,707.1 1,759.4 1,821.3
 Structures 3,412.9 3,467.2 3,592.6

By legal form of organization:

 Corporate 4,946.2 5,058.3 5,240.6
 Equipment and software 2,150.2 2,221.5 2,299.9
 Structures 2,798.0 2,836.2 2,940.7

 Financial 484.7 504.5 527.6
 Equipment and software 247.9 256.9 264.9
 Structures 236.8 247.6 262.7

 Nonfinancial 4,463.4 4,553.8 4,713.0
 Equipment and software 1,902.3 1,964.6 2,035.0
 Structures 2,561.1 2,589.2 2,678.0

 Noncorporate 1,674.5 1,702.2 1,746.2
 Equipment and software 391.8 401.3 408.3
 Structures 1,282.7 1,300.9 1,338.0

 1993 1994 1995

 Private nonresidential fixed
 assets 7,327.1 7,731.5 8,124.2
 Equipment and software 2,828.6 2,992.4 3,182.8
 Structures 4,498.5 4,739.1 4,941.4

By selected industry group:

 Farms 293.7 304.0 311.5
 Equipment and software 108.9 112.3 117.2
 Structures 184.8 191.6 194.3

 Manufacturing 1,326.5 1,387.2 1,457.3
 Equipment and software 800.7 834.4 884.5
 Structures 525.8 552.8 572.9

 Nonfarm nonmanufacturing 5,706.8 6,040.3 6,355.4
 Equipment and software 1,918.9 2,045.7 2,181.1
 Structures 3,787.9 3,994.6 4,174.3

By legal form of organization:

 Corporate 5,513.3 5,833.0 6,160.8
 Equipment and software 2,410.9 2,560.3 2,734.5
 Structures 3,102.4 3,272.7 3,426.3

 Financial 564.1 614.0 654.5
 Equipment and software 282.6 308.7 332.8
 Structures 281.5 305.3 321.7

 Nonfinancial 4,949.2 5,219.0 5,506.3
 Equipment and software 2,128.3 2,251.6 2,401.6
 Structures 2,820.9 2,967.5 3,104.6

 Noncorporate 1,813.8 1,898.5 1,963.4
 Equipment and software 417.7 432.1 448.4
 Structures 1,396.1 1,466.3 1,515.1

 1996 1997 1998

 Private nonresidential fixed
 assets 8,527.2 8,954.9 9,449.9
 Equipment and software 3,352.2 3,517.5 3,736.2
 Structures 5,175.0 5,437.4 5,713.7

By selected industry group:

 Farms 318.5 327.5 337.7
 Equipment and software 120.2 123.8 127.7
 Structures 198.3 203.7 210.1

 Manufacturing 1,520.9 1,590.1 1,660.2
 Equipment and software 923.1 961.8 1,000.7
 Structures 597.9 628.2 659.5

 Nonfarm nonmanufacturing 6,687.7 7,037.3 7,452.0
 Equipment and software 2,308.9 2,431.9 2,607.8
 Structures 4,378.9 4,605.4 4,844.1

By legal form of organization:

 Corporate 6,494.0 6,836.3 7,233.8
 Equipment and software 2,890.4 3,041.5 3,237.0
 Structures 3,603.6 3,796.8 3,986.8

 Financial 703.5 750.4 822.3
 Equipment and software 362.6 383.7 424.0
 Structures 341.0 366.6 398.2

 Nonfinancial 5,790.4 6,087.9 6,404.6
 Equipment and software 2,527.8 2,657.8 2,813.0
 Structures 3,262.6 3,430.1 3,588.6

 Noncorporate 2,033.3 2,116.6 2,226.1
 Equipment and software 461.8 475.9 499.2
 Structures 1,571.4 1,640.6 1,726.9

Table 8.--Chain-Type Quantity Indexes for Net Stock of Private Nonresidential Fixed Assets, by Selected Industry Group and Legal Form of Organization, 1988-98

[Index numbers, 1996=100; yearend estimates]

 Line 1988 1989

 Private nonresidential fixed assets 1 83.71 85.81
 Equipment and software 2 76.88 79.24
 Structures 3 88.36 90.28

By selected industry group:

 Farms 4 105.68 104.85
 Equipment and software 5 101.43 101.44
 Structures 6 108.25 106.93

 Manufacturing 7 86.92 88.49
 Equipment and software 8 82.68 84.63
 Structures 9 93.72 94.69

 Nonfarm nonmanufacturing 10 81.95 84.31
 Equipment and software 11 73.41 76.03
 Structures 12 86.72 88.92

By legal form of organization:

 Corporate 13 81.62 83.72
 Equipment and software 14 75.06 77.45
 Structures 15 87.18 89.02

 Financial 16 64.81 70.71
 Equipment and software 17 59.51 65.80
 Structures 18 70.77 76.13

 Nonfinancial 19 83.72 85.34
 Equipment and software 20 77.38 79.17
 Structures 21 88.90 90.37

 Noncorporate 22 90.44 92.57
 Equipment and software 23 88.33 90.53
 Structures 24 91.06 93.16

 1990 1991 1992

 Private nonresidential fixed assets 87.82 89.24 90.55
 Equipment and software 81.17 82.58 84.27
 Structures 92.34 93.76 94.79

By selected industry group:

 Farms 104.34 103.01 100.84
 Equipment and software 101.80 100.03 96.75
 Structures 105.89 104.82 103.36

 Manufacturing 90.18 91.44 92.62
 Equipment and software 86.88 88.63 90.19
 Structures 95.47 95.91 96.46

 Nonfarm nonmanufacturing 86.51 88.08 89.58
 Equipment and software 77.91 79.34 81.32
 Structures 91.30 92.95 94.17

By legal form of organization:

 Corporate 85.72 87.24 88.80
 Equipment and software 79.44 80.99 82.92
 Structures 91.02 92.50 93.74

 Financial 75.25 77.92 80.39
 Equipment and software 69.89 71.92 73.82
 Structures 81.18 84.61 87.77

 Nonfinancial 87.02 88.39 89.84
 Equipment and software 80.84 82.32 84.25
 Structures 92.06 93.33 94.36

 Noncorporate 94.60 95.69 96.16
 Equipment and software 92.03 92.58 92.73
 Structures 95.36 96.62 97.20

 1993 1994 1995

 Private nonresidential fixed assets 92.32 94.39 96.96
 Equipment and software 86.91 90.51 94.90
 Structures 95.94 96.97 98.31

By selected industry group:

 Farms 100.05 99.80 99.84
 Equipment and software 96.10 96.82 98.57
 Structures 102.48 101.62 100.63

 Manufacturing 93.43 94.82 97.17
 Equipment and software 91.32 93.22 96.37
 Structures 96.77 97.33 98.41

 Nonfarm nonmanufacturing 91.69 94.03 96.77
 Equipment and software 84.71 89.12 94.13
 Structures 95.53 96.71 98.19

By legal form of organization:

 Corporate 90.90 93.38 96.42
 Equipment and software 85.87 89.78 94.53
 Structures 95.09 96.35 97.96

 Financial 84.20 89.16 93.70
 Equipment and software 78.26 84.60 90.76
 Structures 90.80 94.17 96.91

 Nonfinancial 91.73 93.90 96.75
 Equipment and software 86.98 90.53 95.07
 Structures 95.54 96.57 98.07

 Noncorporate 96.86 97.62 98.69
 Equipment and software 93.42 95.09 97.26
 Structures 97.91 98.39 99.12

 1996 1997 1998

 Private nonresidential fixed assets 100.00 103.48 107.65
 Equipment and software 100.00 105.86 113.28
 Structures 100.00 101.97 104.14

By selected industry group:

 Farms 100.00 100.57 100.98
 Equipment and software 100.00 102.65 104.95
 Structures 100.00 99.33 98.64

 Manufacturing 100.00 103.28 106.30
 Equipment and software 100.00 104.41 108.69
 Structures 100.00 101.56 102.74

 Nonfarm nonmanufacturing 100.00 103.67 108.28
 Equipment and software 100.00 106.61 115.58
 Structures 100.00 102.15 104.58

By legal form of organization:

 Corporate 100.00 104.07 108.80
 Equipment and software 100.00 106.19 113.92
 Structures 100.00 102.40 104.85

 Financial 100.00 106.19 115.51
 Equipment and software 100.00 108.37 122.32
 Structures 100.00 103.93 108.72

 Nonfinancial 100.00 103.82 107.99
 Equipment and software 100.00 105.88 112.73
 Structures 100.00 102.24 104.44

 Noncorporate 100.00 101.61 104.02
 Equipment and software 100.00 103.77 109.31
 Structures 100.00 100.99 102.52

Table 9.--Current-Cost Net Stock of Residential Fixed Assets, by Type of Owner, Legal Form of Organization, and Tenure Group, 1988-98

[Billions of dollars; yearend estimates]

 Line 1988 1989

 Residential fixed assets 1 5,741.8 6,057.1

By type of owner and legal form of
 organization:

 Private 2 5,606.1 5,912.2
 Corporate 3 65.7 66.9
 Noncorporate 4 5,540.3 5,845.3

 Government 5 135.7 144.9
 Federal 6 47.3 51.5
 State and local 7 88.4 93.4

By tenure group(1):

 Owner-occupied 8 4,034.3 4,296.1
 Farm 9 141.7 146.8
 Nonfarm 10 3,892.6 4,149.3

 Tenant-occupied 11 1,683.1 1,735.6
 Farm 12 10.4 10.8
 Nonfarm 13 1,672.6 1,724.9

 1990 1991 1992

 Residential fixed assets 6,287.4 6,411.8 6,755.5

By type of owner and legal form of
 organization:

 Private 6,137.7 6,261.0 6,595.8
 Corporate 68.0 69.3 71.9
 Noncorporate 6,069.6 6,191.8 6,524.0

 Government 149.7 150.8 159.6
 Federal 52.5 51.2 53.5
 State and local 97.2 99.6 106.1

By tenure group(1):

 Owner-occupied 4,486.9 4,595.5 4,873.5
 Farm 150.3 150.8 155.6
 Nonfarm 4,336.6 4,444.7 4,717.9

 Tenant-occupied 1,774.5 1,790.7 1,855.7
 Farm 10.9 10.9 11.2
 Nonfarm 1,763.6 1,779.8 1,844.5

 1993 1994 1995

 Residential fixed assets 7,161.9 7,654.5 7,973.1

By type of owner and legal form of
 organization:

 Private 6,991.0 7,472.2 7,784.2
 Corporate 73.7 76.0 78.2
 Noncorporate 6,917.2 7,396.3 7,706.0

 Government 170.9 182.3 188.8
 Federal 57.3 60.7 62.4
 State and local 113.7 121.6 126.5

By tenure group(1):

 Owner-occupied 5,214.1 5,628.7 5,891.6
 Farm 161.1 169.6 174.0
 Nonfarm 5,053.0 5,459.1 5,717.7

 Tenant-occupied 1,920.3 1,997.3 2,052.5
 Farm 11.7 12.5 12.8
 Nonfarm 1,908.6 1,984.8 2,039.7

 1996 1997 1998

 Residential fixed assets 8,391.5 8,821.2 9,405.1

By type of owner and legal form of
 organization:

 Private 8,195.3 8,618.5 9,193.0
 Corporate 81.6 85.4 91.7
 Noncorporate 8,113.8 8,533.1 9,101.3

 Government 196.2 202.7 212.1
 Federal 64.5 66.4 69.1
 State and local 131.7 136.2 142.9

By tenure group(1):

 Owner-occupied 6,228.8 6,578.6 7,034.4
 Farm 178.9 184.4 191.9
 Nonfarm 6,049.9 6,394.2 6,842.5

 Tenant-occupied 2,133.1 2,212.2 2,339.0
 Farm 13.2 13.5 14.0
 Nonfarm 2,119.9 2,198.7 2,325.0

(1.) Excludes stocks of other nonfarm residential fixed assets, which consist primarily of dormitories and of fraternity and sorority houses.

Table 10.--Chain-Type Quantity Indexes for Net Stock of Residential Fixed Assets, by Type of Owner, Legal Form of Organization, and Tenure Group, 1988-98

[Index numbers, 1996=100; yearend estimates]

 Line 1988 1989 1990

 Residential fixed assets 1 84.55 86.67 88.52

By type of owner and legal form
 of organization:

 Private 2 84.50 86.63 88.47
 Corporate 3 94.92 95.73 96.32
 Noncorporate 4 84.39 86.53 88.39

 Government 5 86.69 88.52 90.56
 Federal 6 91.50 93.38 95.34
 State and local 7 84.34 86.14 88.22

By tenure group(1):

 Owner-occupied 8 80.74 83.25 85.45
 Farm 9 99.01 99.15 99.51
 Nonfarm 10 80.20 82.78 85.03

 Tenant-occupied 11 95.30 96.32 97.19
 Farm 12 100.01 99.52 99.47
 Nonfarm 13 95.27 96.30 97.17

 1991 1992 1993 1994

 Residential fixed assets 89.88 91.53 93.53 95.66

By type of owner and legal form
 of organization:

 Private 89.82 91.46 93.47 95.62
 Corporate 96.93 97.49 98.06 97.91
 Noncorporate 89.74 91.40 93.43 95.60

 Government 92.31 94.22 95.86 97.19
 Federal 96.13 96.84 97.55 98.47
 State and local 90.45 92.94 95.03 96.57

By tenure group(1):

 Owner-occupied 87.21 89.34 91.89 94.74
 Farm 99.38 99.15 98.86 99.48
 Nonfarm 86.85 89.05 91.68 94.60

 Tenant-occupied 97.43 97.74 98.19 98.28
 Farm 99.04 98.66 98.31 99.11
 Nonfarm 97.42 97.73 98.19 98.28

 1995 1996 1997 1998

 Residential fixed assets 97.68 100.00 102.32 104.94

By type of owner and legal form
 of organization:

 Private 97.66 100.00 102.35 105.01
 Corporate 98.94 100.00 100.76 101.72
 Noncorporate 97.64 100.00 102.37 105.05

 Government 98.81 100.00 100.96 102.04
 Federal 99.25 100.00 100.71 101.35
 State and local 98.59 100.00 101.08 102.38

By tenure group(1):

 Owner-occupied 97.19 100.00 102.96 106.28
 Farm 99.88 100.00 100.48 101.34
 Nonfarm 97.11 100.00 103.03 106.42

 Tenant-occupied 99.08 108.00 100.49 101.14
 Farm 99.88 100.00 100.30 100.79
 Nonfarm 99.08 100.00 100.49 101.14

(1.) Excludes stocks of other nonfarm residential fixed assets, which consist primarily of dormitories and of fraternity and sorority houses.

Table 11.--Current-Cost Net Stock of Government Fixed Assets, 1988-98

[Billions of dollars; yearend estimates]

 Line 1988 1989

 Government fixed assets(1) 1 3,262.2 3,438.7

 Equipment and software 2 479.3 515.8

 Structures 3 2,782.9 2,922.9
 Buildings 4 1,027.0 1,086.4
 Residential 5 135.7 144.9
 Industrial 6 68.4 70.5
 Educational 7 441.1 463.1
 Hospital 8 89.5 93.8
 Other(2) 9 292.3 314.1
 Highways and streets 10 794.8 826.8
 Military facilities(3) 11 236.1 245.4
 Conservation and development 12 203.7 214.9
 Sewer systems structures 13 198.2 207.7
 Water supply facilities 14 128.1 134.4
 Other structures(4) 15 195.1 207.3

Federal 16 985.9 1,039.5

 National defense 17 676.1 712.0

 Equipment and software 18 338.4 359.4
 Aircraft 19 91.0 95.3
 Missiles 20 44.9 48.3
 Ships 21 91.2 96.3
 Vehicles 22 22.1 22.3
 Electronics and software 23 26.0 27.7
 Other equipment 24 63.3 69.5

 Structures 25 337.7 352.7
 Buildings 26 101.6 107.3
 Residential 27 47.3 51.5
 Industrial 28 54.4 55.8
 Military facilities(3) 29 236.1 245.4

 Nondefense 30 309.8 327.4

 Equipment and software 31 49.0 54.0

 Structures 32 260.8 273.4
 Buildings 33 70.0 73.5
 Industrial 34 14.0 14.7
 Educational 35 2.0 2.0
 Hospital 36 12.3 13.1
 Other(2) 37 41.7 43.6
 Highways and streets 38 17.8 18.1
 Conservation and development 39 163.3 171.3
 Other structures(4) 40 9.6 10.5

State and local 41 2,276.3 2,399.3

 Equipment and software 42 91.9 102.4

 Structures 43 2,184.4 2,296.8
 Buildings 44 855.3 905.7
 Residential 45 88.4 93.4
 Educational 46 439.1 461.1
 Hospital 47 77.2 80.7
 Other(2) 48 250.6 270.5
 Highways and streets 49 776.9 808.7
 Conservation and development 50 40.4 43.6
 Sewer systems structures 51 198.2 207.7
 Water supply facilities 52 128.1 134.4
 Other structures(4) 53 185.4 196.8

Addenda:
 General government fixed assets 54 2,527.7 2,661.9
 Equipment and software 55 444.6 477.8
 Structures 56 2,083.1 2,184.1
 Government enterprise fixed assets 57 734.5 776.9
 Equipment and software 58 34.7 38.0
 Structures 59 699.8 738.8
 Government nonresidential fixed
 assets 60 3,126.5 3,293.8
 Equipment and software 61 479.3 515.8
 Structures 62 2,647.2 2,778.0
 Federal 63 551.2 574.6
 Defense 64 290.4 301.2
 Nondefense 65 260.8 273.4
 State and local 66 2,096.0 2,203.4

 1990 1991 1992

 Government fixed assets(1) 3,611.6 3,732.4 3,694.6

 Equipment and software 558.8 590.4 619.1

 Structures 3,052.8 3,142.0 3,275.6
 Buildings 1,139.3 1,170.6 1,226.8
 Residential 149.7 150.8 159.6
 Industrial 72.7 72.9 73.5
 Educational 482.3 494.4 517.3
 Hospital 98.4 100.6 103.3
 Other(2) 336.2 352.0 373.1
 Highways and streets 868.8 888.9 909.6
 Military facilities(3) 248.6 260.9 276.1
 Conservation and development 223.3 230.5 234.7
 Sewer systems structures 215.0 220.6 238.1
 Water supply facilities 139.6 143.8 154.7
 Other structures(4) 218.3 226.6 235.6

Federal 1,087.1 1,129.8 1,176.0

 National defense 743.1 772.9 806.8

 Equipment and software 384.7 403.8 420.1
 Aircraft 103.3 105.4 104.7
 Missiles 54.0 56.7 63.8
 Ships 101.9 108.5 111.4
 Vehicles 22.8 23.7 25.0
 Electronics and software 29.4 29.8 30.5
 Other equipment 73.3 79.6 84.7

 Structures 358.4 369.2 386.7
 Buildings 109.7 108.3 110.6
 Residential 52.5 51.2 53.5
 Industrial 57.2 57.1 57.1
 Military facilities(3) 248.6 260.9 276.1

 Nondefense 344.0 356.9 369.3

 Equipment and software 59.6 63.5 68.0

 Structures 284.4 293.4 301.2
 Buildings 77.4 80.3 84.6
 Industrial 15.4 15.8 16.4
 Educational 2.0 2.0 2.1
 Hospital 13.9 14.3 14.8
 Other(2) 46.0 48.1 51.4
 Highways and streets 18.6 18.5 18.4
 Conservation and development 177.0 182.0 184.5
 Other structures(4) 11.5 12.7 13.7

State and local 2,524.5 2,602.6 2,718.6

 Equipment and software 114.4 123.2 130.9

 Structures 2,410.1 2,479.4 2,587.7
 Buildings 952.1 982.0 1,031.6
 Residential 97.2 99.6 106.1
 Educational 480.3 492.3 515.3
 Hospital 84.5 86.2 88.5
 Other(2) 290.2 303.9 321.7
 Highways and streets 850.3 870.4 891.2
 Conservation and development 46.3 48.6 50.2
 Sewer systems structures 215.0 220.6 238.1
 Water supply facilities 139.6 143.8 154.7
 Other structures(4) 206.8 214.0 222.0

Addenda:
 General government fixed assets 2,797.8 2,891.4 3,002.5
 Equipment and software 517.2 546.6 572.0
 Structures 2,280.6 2,344.8 2,430.5
 Government enterprise fixed assets 813.7 841.0 892.1
 Equipment and software 41.5 43.8 47.0
 Structures 772.2 797.2 845.1
 Government nonresidential fixed
 assets 3,461.9 3,581.6 3,735.0
 Equipment and software 558.8 590.4 619.1
 Structures 2,903.1 2,991.2 3,116.0
 Federal 590.2 611.4 634.4
 Defense 305.8 318.0 333.2
 Nondefense 284.4 293.4 301.2
 State and local 2,312.9 2,379.8 2,481.5

 1993 1994 1995

 Government fixed assets(1) 4,085.6 4,322.4 4,533.0

 Equipment and software 644.8 672.0 685.6

 Structures 3,440.8 3,650.5 3,847.4
 Buildings 1,297.4 1,382.2 1,451.2
 Residential 170.9 182.3 188.8
 Industrial 74.0 75.8 77.8
 Educational 545.6 580.6 610.1
 Hospital 107.9 113.6 118.8
 Other(2) 399.1 429.8 455.7
 Highways and streets 941.2 1,004.4 1,074.6
 Military facilities(3) 294.9 307.4 317.6
 Conservation and development 241.8 251.1 265.6
 Sewer systems structures 253.6 268.2 277.5
 Water supply facilities 164.2 173.9 180.0
 Other structures(4) 247.7 263.3 280.9

Federal 1,229.0 1,279.2 1,314.4

 National defense 842.1 873.5 885.1

 Equipment and software 433.0 447.5 446.2
 Aircraft 109.9 117.7 117.3
 Missiles 67.8 67.0 64.7
 Ships 112.9 118.3 119.4
 Vehicles 24.1 23.7 20.9
 Electronics and software 31.6 32.2 32.7
 Other equipment 86.6 88.5 91.2

 Structures 409.1 426.0 438.8
 Buildings 114.2 118.6 121.2
 Residential 57.3 60.7 62.4
 Industrial 56.9 57.9 58.8
 Military facilities(3) 294.9 307.4 317.6

 Nondefense 386.9 405.8 429.3

 Equipment and software 73.0 76.3 80.4

 Structures 313.9 329.4 348.9
 Buildings 90.1 95.7 100.6
 Industrial 17.1 17.9 18.9
 Educational 2.1 2.2 2.2
 Hospital 15.6 16.5 17.5
 Other(2) 55.4 59.0 61.9
 Highways and streets 18.7 19.6 20.5
 Conservation and development 189.4 195.9 206.8
 Other structures(4) 15.7 18.2 21.0

State and local 2,856.7 3,043.2 3,218.6

 Equipment and software 138.8 148.1 158.9

 Structures 2,717.9 2,895.0 3,059.7
 Buildings 1,093.1 1,167.9 1,229.5
 Residential 113.7 121.6 126.5
 Educational 543.4 578.4 607.9
 Hospital 92.3 97.1 101.3
 Other(2) 343.7 370.8 393.8
 Highways and streets 922.6 984.9 1,054.1
 Conservation and development 52.4 55.2 58.9
 Sewer systems structures 253.6 268.2 277.5
 Water supply facilities 164.2 173.9 180.0
 Other structures(4) 232.0 245.0 259.8

Addenda:
 General government fixed assets 3,141.1 3,320.9 3,481.4
 Equipment and software 594.1 618.7 629.5
 Structures 2,547.1 2,702.2 2,851.9
 Government enterprise fixed assets 944.5 1,001.6 1,051.7
 Equipment and software 50.7 53.3 56.1
 Structures 893.8 948.3 995.6
 Government nonresidential fixed
 assets 3,914.7 4,140.1 4,344.2
 Equipment and software 644.8 672.0 685.6
 Structures 3,269.9 3,468.2 3,658.6
 Federal 665.7 694.7 725.3
 Defense 351.8 365.3 376.4
 Nondefense 313.9 329.4 348.9
 State and local 2,604.2 2,773.5 2,933.3

 1996 1997 1998

 Government fixed assets(1) 4,724.8 4,928.1 5,117.5

 Equipment and software 691.9 691.8 695.1

 Structures 4,032.9 4,236.3 4,421.6
 Buildings 1,527.2 1,617.8 1,719.5
 Residential 196.2 202.7 212.1
 Industrial 79.7 81.4 83.1
 Educational 642.8 682.5 727.0
 Hospital 124.1 132.0 139.1
 Other(2) 484.4 519.1 558.2
 Highways and streets 1,129.0 1,190.2 1,232.4
 Military facilities(3) 325.7 334.0 341.2
 Conservation and development 279.6 291.6 295.9
 Sewer systems structures 289.9 297.7 308.4
 Water supply facilities 188.5 194.9 203.5
 Other structures(4) 292.9 310.2 320.7

Federal 1,343.2 1,363.5 1,380.1

 National defense 890.9 889.7 887.9

 Equipment and software 440.8 428.2 415.4
 Aircraft 116.0 108.7 102.0
 Missiles 59.9 57.4 55.5
 Ships 117.1 113.8 108.7
 Vehicles 20.9 20.2 19.1
 Electronics and software 33.1 33.8 34.8
 Other equipment 93.9 94.3 95.3

 Structures 450.1 461.4 472.5
 Buildings 124.4 127.5 131.3
 Residential 64.5 66.4 69.1
 Industrial 59.9 61.0 62.1
 Military facilities(3) 325.7 334.0 341.2

 Nondefense 452.3 473.9 492.2

 Equipment and software 83.4 87.8 93.8

 Structures 368.9 386.1 398.5
 Buildings 106.0 112.2 119.5
 Industrial 19.8 20.4 20.9
 Educational 2.3 2.3 2.4
 Hospital 18.6 20.1 21.4
 Other(2) 65.4 69.3 74.8
 Highways and streets 21.2 21.7 22.1
 Conservation and development 218.2 226.4 228.9
 Other structures(4) 23.6 25.8 28.0

State and local 3,381.5 3,564.5 3,737.4

 Equipment and software 167.7 175.8 186.7

 Structures 3,213.9 3,388.8 3,550.7
 Buildings 1,296.9 1,378.1 1,468.7
 Residential 131.7 136.2 142.9
 Educational 640.5 680.2 724.6
 Hospital 105.6 111.9 117.6
 Other(2) 419.0 449.7 483.4
 Highways and streets 1,107.8 1,168.5 1,210.3
 Conservation and development 61.5 65.2 67.0
 Sewer systems structures 289.9 297.7 308.4
 Water supply facilities 188.5 194.9 203.5
 Other structures(4) 269.4 284.4 292.7

Addenda:
 General government fixed assets 3,618.9 3,774.6 3,916.4
 Equipment and software 633.6 631.2 631.7
 Structures 2,985.3 3,143.4 3,284.7
 Government enterprise fixed assets 1,105.8 1,153.5 1,201.1
 Equipment and software 58.3 60.6 64.2
 Structures 1,047.6 1,092.9 1,136.9
 Government nonresidential fixed
 assets 4,528.6 4,725.4 4,905.4
 Equipment and software 691.9 691.8 695.9
 Structures 3,836.7 4,033.6 4,209.5
 Federal 754.5 781.1 801.8
 Defense 385.6 395.0 403.3
 Nondefense 368.9 386.1 398.5
 State and local 3,082.2 3,252.6 3,407.7

(1.) Consists of the fixed assets of general government and government enterprises.

(2.) Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and passenger terminals.

(3.) Consists of Department of Defense structures, except family housing.

(4.) Consists primarily of electric and gas facilities, transit systems, and airfields.

Table 12.--Chain-Type Quantity Indexes for Net Stock of Government Fixed Assets, 1988-98

[Index numbers, 1996=100; yearend estimates]

 Line 1988 1989

 Government fixed assets(1) 1 85.83 87.72

 Equipment and software 2 81.97 86.19

 Structures 3 86.53 88.01
 Buildings 4 83.46 85.12
 Residential 5 86.69 88.52
 Industrial 6 107.22 105.98
 Educational 7 85.07 86.31
 Hospital 8 88.29 89.31
 Other(2) 9 74.85 77.65
 Highways and streets 10 86.92 88.31
 Military facilities(3) 11 104.40 104.20
 Conservation and development 12 91.28 92.11
 Sewer systems structures 13 84.12 86.32
 Water supply facilities 14 83.65 85.93
 Other structures(4) 15 82.19 83.95

Federal 16 93.37 95.05

 National defense 17 98.60 100.42

 Equipment and software 18 94.03 97.61
 Aircraft 19 115.57 117.46
 Missiles 20 72.27 79.17
 Ships 21 98.50 100.96
 Vehicles 22 133.51 134.07
 Electronics and software 23 76.59 81.35
 Other equipment 24 79.53 83.52

 Structures 25 103.68 103.58
 Buildings 26 102.01 102.13
 Residential 27 91.50 93.38
 Industrial 28 113.32 111.52
 Military facilities(3) 29 104.40 104.20

 Nondefense 30 83.21 84.62

 Equipment and software 31 63.31 67.86

 Structures 32 88.23 88.82
 Buildings 33 81.85 82.82
 Industrial 34 88.73 89.18
 Educational 35 107.97 106.43
 Hospital 36 81.19 83.36
 Other(2) 37 79.04 79.91
 Highways and streets 38 104.03 103.28
 Conservation and development 39 93.79 94.11
 Other structures(4) 40 50.80 53.35

State and local 41 82.82 84.79

 Equipment and software 42 61.16 66.65

 Structures 43 84.04 85.81
 Buildings 44 81.81 83.68
 Residential 45 84.34 86.14
 Educational 46 84.99 86.24
 Hospital 47 89.53 90.36
 Other(2) 48 74.20 77.30
 Highways and streets 49 86.59 88.02
 Conservation and development 50 82.36 85.01
 Sewer systems structures 51 84.12 86.32
 Water supply facilities 52 83.65 85.93
 Other structures(4) 53 84.91 86.60

Addenda:
 General government fixed assets 54 87.05 88.87
 Equipment and software 55 83.18 87.45
 Structures 56 87.92 89.20
 Government enterprise fixed assets 57 81.84 83.95
 Equipment and software 58 69.05 72.60
 Structures 59 82.60 84.63
 Government nonresidential fixed assets 60 85.79 87.68
 Equipment and software 61 81.97 86.19
 Structures 62 86.52 87.98
 Federal 63 97.02 97.10
 Defense 64 105.85 105.37
 Nondefense 65 88.23 88.82
 State and local 66 84.03 85.80

 1990 1991 1992

 Government fixed assets(1) 89.82 91.77 93.64

 Equipment and software 90.54 93.68 96.29

 Structures 89.70 91.43 93.16
 Buildings 87.08 89.28 91.50
 Residential 90.56 92.31 94.22
 Industrial 104.93 104.43 104.01
 Educational 87.72 89.61 91.65
 Hospital 90.61 91.98 93.66
 Other(2) 80.98 84.44 87.60
 Highways and streets 89.98 91.59 93.18
 Military facilities(3) 103.76 102.82 102.16
 Conservation and development 92.83 93.47 94.02
 Sewer systems structures 88.69 91.09 93.55
 Water supply facilities 88.55 91.30 93.49
 Other structures(4) 85.99 88.19 90.46

Federal 96.80 98.05 99.08

 National defense 102.22 103.11 103.59

 Equipment and software 101.28 103.62 105.07
 Aircraft 117.77 114.39 110.60
 Missiles 89.51 97.90 105.93
 Ships 103.73 105.14 106.11
 Vehicles 134.96 136.63 133.82
 Electronics and software 85.44 87.67 90.29
 Other equipment 87.07 92.48 96.06

 Structures 103.35 102.65 102.10
 Buildings 102.37 102.24 101.94
 Residential 95.34 96.13 96.84
 Industrial 109.91 108.82 107.47
 Military facilities(3) 103.76 102.82 102.16

 Nondefense 86.26 88.17 90.25

 Equipment and software 72.60 77.26 82.73

 Structures 89.66 90.86 92.07
 Buildings 84.74 87.51 90.54
 Industrial 89.84 91.12 93.53
 Educational 105.06 104.17 103.74
 Hospital 85.85 87.71 89.60
 Other(2) 82.17 85.78 89.46
 Highways and streets 102.48 101.71 100.85
 Conservation and development 94.30 94.54 94.75
 Other structures(4) 56.76 61.70 66.07

State and local 87.02 89.25 91.44

 Equipment and software 72.33 76.59 80.54

 Structures 87.84 89.95 92.04
 Buildings 85.81 88.19 90.58
 Residential 88.22 90.45 92.94
 Educational 87.66 89.55 91.61
 Hospital 91.45 92.73 94.38
 Other(2) 80.80 84.23 87.31
 Highways and streets 89.74 91.40 93.03
 Conservation and development 87.59 89.69 91.46
 Sewer systems structures 88.69 91.09 93.55
 Water supply facilities 88.55 91.30 93.49
 Other structures(4) 88.52 90.49 92.58

Addenda:
 General government fixed assets 90.89 92.70 94.36
 Equipment and software 91.88 95.01 97.35
 Structures 90.68 92.19 93.70
 Government enterprise fixed assets 86.29 88.75 91.26
 Equipment and software 76.17 79.45 84.88
 Structures 86.90 89.30 91.64
 Government nonresidential fixed assets 89.78 91.75 93.61
 Equipment and software 90.54 93.68 96.29
 Structures 89.65 91.39 93.11
 Federal 97.22 97.38 97.61
 Defense 104.72 103.76 102.99
 Nondefense 89.66 90.86 92.07
 State and local 87.83 89.93 92.01

 1993 1994 1995

 Government fixed assets(1) 95.22 96.66 98.23

 Equipment and software 97.64 98.40 98.97

 Structures 94.79 96.35 98.10
 Buildings 93.54 95.38 97.67
 Residential 95.86 97.19 98.81
 Industrial 103.34 102.30 101.25
 Educational 93.34 95.01 97.46
 Hospital 95.49 96.89 98.39
 Other(2) 90.75 93.61 96.73
 Highways and streets 94.87 96.65 98.31
 Military facilities(3) 101.41 100.82 100.37
 Conservation and development 94.42 95.16 96.63
 Sewer systems structures 95.57 97.05 98.48
 Water supply facilities 95.16 96.76 98.20
 Other structures(4) 93.03 95.51 97.89

Federal 99.47 99.42 99.40

 National defense 103.05 102.12 100.97

 Equipment and software 104.66 103.36 101.54
 Aircraft 108.02 106.01 102.81
 Missiles 108.31 106.94 103.91
 Ships 105.52 104.21 102.53
 Vehicles 126.32 115.81 107.05
 Electronics and software 93.37 95.33 96.48
 Other equipment 96.51 96.89 97.83

 Structures 101.43 100.88 100.41
 Buildings 101.46 101.04 100.51
 Residential 97.55 98.47 99.25
 Industrial 105.73 103.84 101.87
 Military facilities(3) 101.41 100.82 100.37

 Nondefense 92.42 94.09 96.30

 Equipment and software 87.97 91.18 94.89

 Structures 93.48 94.77 96.63
 Buildings 93.69 95.39 97.59
 Industrial 96.08 97.64 99.35
 Educational 102.88 101.99 101.31
 Hospital 92.23 94.36 96.91
 Other(2) 93.08 94.78 97.12
 Highways and streets 100.56 100.77 100.27
 Conservation and development 94.75 95.14 96.38
 Other structures(4) 74.34 83.15 91.37

State and local 93.51 95.55 97.76

 Equipment and software 84.30 89.06 94.29

 Structures 94.01 95.90 97.94
 Buildings 92.77 94.83 97.41
 Residential 95.03 96.57 98.59
 Educational 93.31 94.98 97.45
 Hospital 96.07 97.34 98.65
 Other(2) 90.39 93.43 96.66
 Highways and streets 94.76 96.57 98.28
 Conservation and development 93.24 95.22 97.54
 Sewer systems structures 95.57 97.05 98.48
 Water supply facilities 95.16 96.76 98.20
 Other structures(4) 94.65 96.58 98.46

Addenda:
 General government fixed assets 95.74 97.04 98.45
 Equipment and software 98.30 98.85 99.22
 Structures 95.18 96.65 98.29
 Government enterprise fixed assets 93.51 95.40 97.48
 Equipment and software 90.50 93.45 96.35
 Structures 93.68 95.51 97.54
 Government nonresidential fixed assets 95.19 96.63 98.20
 Equipment and software 97.64 98.40 98.97
 Structures 94.73 96.31 98.06
 Federal 97.86 98.09 98.65
 Defense 102.08 101.28 100.60
 Nondefense 93.48 94.77 96.63
 State and local 93.97 95.87 97.91

 1996 1997 1998

 Government fixed assets(1) 100.00 101.62 103.31

 Equipment and software 100.00 100.72 102.11

 Structures 100.00 101.77 103.51
 Buildings 100.00 102.40 104.83
 Residential 100.00 100.96 102.04
 Industrial 100.00 98.25 96.48
 Educational 100.00 102.65 105.28
 Hospital 100.00 101.76 102.92
 Other(2) 100.00 103.49 107.22
 Highways and streets 100.00 101.91 103.75
 Military facilities(3) 100.00 99.34 98.54
 Conservation and development 100.00 100.57 101.07
 Sewer systems structures 100.00 101.38 102.60
 Water supply facilities 100.00 102.03 104.00
 Other structures(4) 100.00 102.09 104.10

Federal 100.00 99.60 99.45

 National defense 100.00 98.39 96.98

 Equipment and software 100.00 97.40 95.27
 Aircraft 100.00 95.22 90.89
 Missiles 100.00 94.55 90.06
 Ships 100.00 97.06 94.73
 Vehicles 100.00 94.72 90.44
 Electronics and software 100.00 104.21 108.96
 Other equipment 100.00 100.57 100.95

 Structures 100.00 99.34 98.60
 Buildings 100.00 99.35 98.74
 Residential 100.00 100.71 101.33
 Industrial 100.00 97.89 95.98
 Military facilities(3) 100.00 99.34 98.54

 Nondefense 100.00 101.96 104.27

 Equipment and software 100.00 106.65 114.11

 Structures 100.00 100.92 102.13
 Buildings 100.00 102.01 104.51
 Industrial 100.00 99.32 97.98
 Educational 100.00 98.95 97.72
 Hospital 100.00 103.63 105.68
 Other(2) 100.00 102.47 106.39
 Highways and streets 100.00 99.18 98.76
 Conservation and development 100.00 100.04 100.10
 Other structures(4) t00.00 105.75 113.25

State and local 100.00 102.42 104.83

 Equipment and software 100.00 106.55 114.30

 Structures 100.00 102.21 104.36
 Buildings 100.00 102.72 105.44
 Residential 100.00 101.08 102.38
 Educational 100.00 102.66 105.31
 Hospital 100.00 101.43 102.43
 Other(2) 100.00 103.65 107.35
 Highways and streets 100.00 101.96 103.85
 Conservation and development 100.00 102.44 104.52
 Sewer systems structures 100.00 101.38 102.60
 Water supply facilities 100.00 102.03 104.00
 Other structures(4) 100.00 101.77 103.30

Addenda:
 General government fixed assets 100.00 101.52 103.15
 Equipment and software 100.00 100.33 101.30
 Structures 100.00 101.77 103.53
 Government enterprise fixed assets 100.00 10t.95 103.84
 Equipment and software 100.00 104.99 110.90
 Structures 100.00 101.78 103.45
 Government nonresidential fixed assets 100.00 101.65 103.37
 Equipment and software 100.00 100.72 102.11
 Structures 100.00 101.81 103.59
 Federal 100.00 100.00 100.09
 Defense 100.00 99.11 98.14
 Nondefense 100.00 100.92 102.13
 State and local 100.00 102.26 104.44

(1.) Consists of the fixed assets of general government and government enterprises.

(2.) Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and passenger terminals.

(3.) Consists of Department of Defense structures, except family housing.

(4.) Consists primarily of electric and gas facilities, transit systems, and airfields.

Table 13.--Current-Cost Net Stock of Consumer Durable Goods, by Type, 1988-98

[Billions of dollars; yearend estimates]

 Line 1988 1989

 Consumer durable goods 1 1,661.6 1,768.5

Motor vehicles 2 515.4 550.1
 Autos 3 354.5 367.5
 Trucks 4 135.4 155.7
 Other(1) 5 25.5 27.0

Furniture and household equipment 6 791.1 832.3
 Furniture, including mattresses and
 bedsprings 7 226.4 236.2
 Kitchen and other household 8 116.8 120.2
 appliances(2)
 China, glassware, tableware, and 9 77.7 81.8
 utensils
 Video and audio goods, including 10 201.4 212.4
 musical instruments and computer
 goods.
 Video and audio goods, including 11 148.8 160.1
 musical instruments
 Computers, peripherals, and 12 52.5 52.4
 software
 Other durable house furnishings(3) 13 168.8 181.7

Other 14 355.1 386.1
 Opthalmic products and orthopedic 15 25.4 29.0
 appliances
 Wheel goods, sports and photographic 16 124.8 134.3
 equipment, boats, and pleasure
 aircraft.
 Jewelry and watches 17 139.3 150.9
 Books and maps 18 65.6 71.9

 1990 1991 1992

 Consumer durable goods 1,852.9 1,894.7 1,933.5

Motor vehicles 574.4 566.9 573.8
 Autos 374.5 360.4 355.2
 Trucks 171.7 177.6 188.9
 Other(1) 28.2 28.8 29.7

Furniture and household equipment 861.4 886.6 907.9
 Furniture, including mattresses and
 bedsprings 243.9 253.4 266.9
 Kitchen and other household 123.0 124.8 128.3
 appliances(2)
 China, glassware, tableware, and 86.0 91.7 94.1
 utensils
 Video and audio goods, including 218.6 221.2 220.2
 musical instruments and computer
 goods.
 Video and audio goods, including 167.1 172.3 178.9
 musical instruments
 Computers, peripherals, and 51.5 48.9 41.3
 software
 Other durable house furnishings(3) 190.0 195.4 198.4

Other 417.1 441.2 451.8
 Opthalmic products and orthopedic 34.0 36.7 38.9
 appliances
 Wheel goods, sports and photographic 142.7 150.6 153.0
 equipment, boats, and pleasure
 aircraft.
 Jewelry and watches 163.1 172.3 173.7
 Books and maps 77.4 81.7 86.2

 1993 1994 1995

 Consumer durable goods 2,014.1 2,110.7 2,188.7

Motor vehicles 598.7 628.8 646.5
 Autos 360.0 367.2 366.4
 Trucks 207.5 227.2 243.7
 Other(1) 31.2 34.3 36.4

Furniture and household equipment 945.5 986.9 1,023.7
 Furniture, including mattresses and
 bedsprings 281.5 293.6 310.0
 Kitchen and other household 133.9 140.4 144.8
 appliances(2)
 China, glassware, tableware, and 98.8 102.8 105.2
 utensils
 Video and audio goods, including 225.8 237.8 239.6
 musical instruments and computer
 goods.
 Video and audio goods, including 186.4 195.6 201.7
 musical instruments
 Computers, peripherals, and 39.4 42.2 38.0
 software
 Other durable house furnishings(3) 205.6 212.3 224.1

Other 469.9 495.0 518.6
 Opthalmic products and orthopedic 40.4 43.3 45.9
 appliances
 Wheel goods, sports and photographic 159.5 169.0 176.8
 equipment, boats, and pleasure
 aircraft.
 Jewelry and watches 179.3 186.3 190.8
 Books and maps 90.8 96.3 105.1

 1996 1997 1998

 Consumer durable goods 2,259.2 2,324.5 2,418.8

Motor vehicles 663.1 669.0 698.7
 Autos 366.2 362.0 369.5
 Trucks 259.0 267.1 285.3
 Other(1) 37.9 39.9 43.8

Furniture and household equipment 1,058.9 1,095.0 1,135.3
 Furniture, including mattresses and
 bedsprings 322.3 334.4 349.9
 Kitchen and other household 152.0 155.5 159.4
 appliances(2)
 China, glassware, tableware, and 109.8 118.3 124.9
 utensils
 Video and audio goods, including 242.2 243.1 244.9
 musical instruments and computer
 goods.
 Video and audio goods, including 210.5 215.8 220.5
 musical instruments
 Computers, peripherals, and 31.7 27.3 24.5
 software
 Other durable house furnishings(3) 232.6 243.8 256.8

Other 537.2 560.4 584.9
 Opthalmic products and orthopedic 48.9 52.8 56.8
 appliances
 Wheel goods, sports and photographic 184.2 193.3 201.4
 equipment, boats, and pleasure
 aircraft.
 Jewelry and watches 191.6 194.7 199.5
 Books and maps 112.5 119.6 127.1

(1.) Consists of recreational vehicles and accessories and parts.

(2.) Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, air conditioners, sewing machines, vacuum cleaners, and other appliances except for built-in appliances, which are classified as part of residential structures.

(3.) Includes floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors, art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools.

Table 14.--Chain-Type Quantity Indexes for Net Stock of Consumer Durable Goods, by Type, 1988-98

[Index numbers, 1996=100; yearend estimates]

 Line 1988 1989

 Consumer durable goods 1 77.09 81.15

Motor vehicles 2 94.81 99.01
 Autos 3 114.91 117.18
 Trucks 4 68.60 76.13
 Other(1) 5 72.63 75.15

Furniture and household equipment 6 68.68 72.78
 Furniture, including mattresses and 7 76.44 80.26
 bedsprings
 Kitchen and other household 8 75.24 78.37
 appliances(2)
 China, glassware, tableware, and 9 73.59 76.11
 utensils
 Video and audio goods, including music- 10 49.45 54.73
 al instruments and computer goods.
 Video and audio goods, including 11 57.33 62.63
 musical instruments
 Computers, peripherals, and software 12 26.44 30.41
 Other durable house furnishings(3) 13 78.46 81.77

Other 14 74.47 78.16
 Opthalmic products and orthopedic 15 65.39 72.24
 appliances
 Wheel goods, sports and photographic 16 74.90 78.75
 equipment, boats, and pleasure
 aircraft.
 Jewelry and watches 17 76.27 79.46
 Books and maps 18 73.98 77.02

 1990 1991 1992

 Consumer durable goods 84.05 84.95 86.50

Motor vehicles 100.73 96.59 95.50
 Autos 117.22 109.62 105.69
 Trucks 80.39 80.55 83.23
 Other(1) 77.09 77.94 79.62

Furniture and household equipment 76.10 79.11 81.91
 Furniture, including mattresses and 83.19 85.53 87.71
 bedsprings
 Kitchen and other household 80.97 83.05 85.52
 appliances(2)
 China, glassware, tableware, and 78.64 80.56 83.08
 utensils
 Video and audio goods, including music- 59.25 64.56 69.04
 al instruments and computer goods.
 Video and audio goods, including 67.17 70.86 74.78
 musical instruments
 Computers, peripherals, and software 33.91 41.19 46.40
 Other durable house furnishings(3) 84.14 85.35 86.80

Other 81.35 83.27 85.11
 Opthalmic products and orthopedic 81.05 84.11 86.22
 appliances
 Wheel goods, sports and photographic 81.71 83.63 85.31
 equipment, boats, and pleasure
 aircraft.
 Jewelry and watches 81.87 83.45 85.28
 Books and maps 79.82 81.93 83.96

 1993 1994 1995

 Consumer durable goods 89.12 92.57 96.14

Motor vehicles 96.42 98.16 99.02
 Autos 104.07 103.06 101.35
 Trucks 87.38 92.36 96.27
 Other(1) 83.65 90.09 95.14

Furniture and household equipment 85.45 89.91 94.84
 Furniture, including mattresses and 90.31 93.25 96.40
 bedsprings
 Kitchen and other household 88.62 91.99 96.01
 appliances(2)
 China, glassware, tableware, and 86.22 90.02 94.63
 utensils
 Video and audio goods, including music- 74.84 82.64 91.31
 al instruments and computer goods.
 Video and audio goods, including 79.55 85.92 93.02
 musical instruments
 Computers, peripherals, and software 54.75 67.04 81.88
 Other durable house furnishings(3) 88.97 92.19 95.86

Other 87.77 91.15 95.22
 Opthalmic products and orthopedic 88.08 91.68 94.90
 appliances
 Wheel goods, sports and photographic 87.95 91.23 95.44
 equipment, boats, and pleasure
 aircraft.
 Jewelry and watches 88.05 91.27 95.07
 Books and maps 86.76 90.52 95.24

 1996 1997 1998

 Consumer durable goods 100.00 104.29 110.13

Motor vehicles 100.00 101.46 106.11
 Autos 100.00 99.74 102.38
 Trucks 100.00 103.23 110.10
 Other(1) 100.00 105.98 114.65

Furniture and household equipment 100.00 105.52 111.86
 Furniture, including mattresses and 100.00 104.12 108.64
 bedsprings
 Kitchen and other household 100.00 104.00 108.56
 appliances(2)
 China, glassware, tableware, and 100.00 106.05 112.45
 utensils
 Video and audio goods, including music- 100.00 109.21 120.62
 al instruments and computer goods.
 Video and audio goods, including 100.00 107.35 116.75
 musical instruments
 Computers, peripherals, and software 100.00 123.59 155.47
 Other durable house furnishings(3) 100.00 104.48 109.80

Other 100.00 105.38 111.73
 Opthalmic products and orthopedic 100.00 106.39 113.50
 appliances
 Wheel goods, sports and photographic 100.00 105.26 111.89
 equipment, boats, and pleasure
 aircraft.
 Jewelry and watches 100.00 105.39 112.30
 Books and maps 100.00 105.11 109.80

(1.) Consists of recreational vehicles and accessories and parts.

(2.) Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, air conditioners, sewing machines, vacuum cleaners, and other appliances except for built-in appliances, which are classified as part of residential structures.

(3.) Includes floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors, art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools.

Table 15.--Real Net Stock of Fixed Assets and Consumer Durable Goods, 1988-98

[Billions of chained (1996) dollars; yearend estimates]

 Private fixed assets

 Year Total Nonresidential
 Total
 Total Equipment and
 software

1988 19,636.2 13,893.3 7,071.3 2,578.6
1989 20,172.4 14,242.9 7,249.0 2,657.8

1990 20,657.0 14,561.6 7,418.9 2,722.5
1991 20,995.7 14,790.2 7,538.2 2,769.8
1992 21,360.7 15,033.1 7,648.8 2,826.3
1993 21,807.6 15,344.8 7,798.3 2,914.9
1994 22,303.4 15,693.6 7,973.5 3,035.7

1995 22,840.1 16,074.9 8,190.6 3,183.0
1996 23,456.8 16,521.1 8,447.5 3,354.0
1997 24,112.2 17,004.7 8,741.8 3,550.4
1998 24,884.4 17,569.7 9,093.7 3,799.4

 Private fixed assets

 Year Nonresidential
 Residential
 Structures

1988 4,500.6 6,821.9
1989 4,598.3 6,993.8

1990 4,703.5 7,142.4
1991 4,775.4 7,251.4
1992 4,828.2 7,384.2
1993 4,886.9 7,546.5
1994 4,939.0 7,720.2

1995 5,007.6 7,884.3
1996 5,093.5 8,073.6
1997 5,194.1 8,263.4
1998 5,304.4 8,478.4

 Government fixed assets
 Year Consumer
 Total Federal State and local durable goods

1988 4,006.1 1,245.4 2,761.0 1,748.3
1989 4,094.5 1,267.8 2,826.8 1,840.5

1990 4,192.4 1,291.2 2,901.2 1,906.2
1991 4,283.6 1,307.9 2,975.5 1,926.5
1992 4,370.6 1,321.7 3,048.6 1,961.7
1993 4,444.6 1,326.9 3,117.4 2,021.2
1994 4,511.6 1,326.1 3,185.4 2,099.4

1995 4,584.9 1,325.9 3,259.0 2,180.4
1996 4,667.7 1,333.9 3,333.8 2,267.9
1997 4,743.4 1,328.5 3,414.6 2,365.3
1998 4,822.2 1,326.5 3,494.8 2,497.7

Acknowledgments

The estimates of fixed assets and consumer durable goods were prepared by the National Income and Wealth Division and the Government Division. The estimates of private fixed assets and consumer durable goods were prepared under the direction of Shelby W. Herman, assisted by Kurt Kunze, Michael D. Glenn, Dennis R. Weikel, and Phyllistine M. Barnes. The estimates of government fixed assets were prepared under the direction of D. Timothy Dobbs, assisted by Jennifer A. Bennett and Charles S. Robinson. Duane G. Hackmann prepared the tables for typesetting. Overall supervision was provided by Brent R. Moulton, Associate Director for National Income, Expenditure, and Wealth Accounts, and by Karl D. Galbraith, Chief of the Government Division.

(1.) The net stock of consumer durable goods is not included in this table, because the NIPA's do not currently recognize household expenditures as investment. Estimates of government inventories are not available.

(2.) For detailed information on the international guidelines for national accounts, see Commission of the European Communities, International Monetary Fund, Organisation for Economic Cooperation and Development, United Nations, and the World Bank, System of National Accounts 1993 (Brussels/Luxembourg, New York, Paris, and Washington, DC, 1993).

(3.) For the methods used to derive net stocks, see U.S. Department of Commerce, Bureau of Economic Analysis, Fixed Reproducible Tangible Wealth in the United States, 1925-94 (Washington, DC: U.S. Government Printing Office, August 1999): M-1-M-36.

(4.) For a discussion of chain-type measures, see J. Steven Landefeld and Robert P. Parker, "BEA's Chain Indexes, Time Series, and Measures of Long-Term Economic Growth," SURVEY OF CURRENT BUSINESS 77 (May 1997): 58-68.

(5.) These damages and losses are not included in NIPA depreciation, because general government consumption expenditures is measured by adding up costs, including depreciation. Excluding these losses avoids increasing the measured output of general government fixed assets in GDP when there is war or disaster damage.

(6.) The year-over-year price change for existing produced assets is measured for the period from yearend t-1 to yearend t. The price change for investment, change in private inventories, CFC, and the "other changes in volume of assets" is measured for the half-years from the middle of year t to the end of year t.

(7.) For information on the new treatment of software in the NIPA's, see Brent R. Moulton, Robert P. Parker, and Eugene P. Seskin, "A Preview of Comprehensive Revision of the National Income and Product Accounts: Definitional and Classificational Changes," SURVEY 79 (August 1999): 7-20.

(8.) As a result of an earlier application of this methodology, the California State Board of Equalization recommended depreciation schedules for computers that were widely adopted in California and in several other western States. For further details, see Richard N. Lane, "Appraisal Report `Large Aerospace Firm' Personal Property, Los Angeles County, March 1, 1995," (revised February 2, 1999).

(9.) See Stephen D. Oliner, "Price Change, Depreciation and Retirement of Mainframe Computers," in Price Measurements and Their Uses, Studies in Income and Wealth, vol. 57, edited by Murray F. Foss, Marilyn E. Manser, and Allan H. Young (Chicago: University of Chicago Press, for the National Bureau of Economic Research, 1993): 19-61.

(10.) For a discussion of these improvements, see Arnold J. Katz and Shelby Herman, "Improved Estimates of Fixed Reproducible Tangible Wealth, 1929-95," SURVEY 77 (May 1997): 69-89. The basis for BEA's improved methodology is described in Barbara M. Fraumeni, "The Measurement of Depreciation in the U.S. National Income and Product Accounts," SURVEY 77 (July 1997): 7-23.

(11.) For information on the service life of highways, see Richard Beemiller, "Experimental Estimates of State and Local Government Highway Capital Stocks" (paper presented at the 1999 annual meeting of the Southern Regional Science Association, Richmond, VA, April 1999); and Barbara M. Fraumeni, Productive Highway Capital Stock Measures, a report prepared for the Federal Highway Administration, U.S. Department of Transportation, January 1999.

(12.) See Brent R. Moulton and David F. Sullivan, "A Preview of Comprehensive Revision of the National Income and Product Accounts: New and Redesigned Tables," SURVEY 79 (September 1999): 15-20.