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U.S. Nonfarm Employer Businesses Capital Investment up to $1,899.9 Billion in 2022
FEB. 28, 2024?? U.S. nonfarm employer businesses invested $1,899.9 billion in new and used structures and equipment in 2022,?up 12.9% from $1,682.1 billion in 2021, according to estimates from the?Annual Capital Expenditures Survey (ACES) released today by the U.S. Census Bureau.
The ACES produces estimates of business spending for new and used structures and equipment. The sample includes approximately 50,000 employer businesses. Data are published at the national level by 3-digit and selected 4-digit industries based on the 2017 North American Industry Classification System (NAICS).
Highlights:
- Spending on new structures and equipment in 2022 was $1,786.4 billion (94.0% of total expenditures), up 13.2% from $1,578.3 billion in 2021.
- The Oil and Gas Extraction industry (NAICS 2111) in 2022 invested $88.7 billion in structures and equipment, up 31.9% from $67.2 billion in 2021.
- The Electric Power Generation, Transmission, and Distribution industry (NAICS 2211) in 2022 spent a total of $148.9 billion on structures and equipment, up 8.7% from $137.0 billion in 2021.
Continue reading to explore more data highlights.
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About the Census Bureau
We serve as the nation?s leading provider of quality data about its people and economy.?The Census Bureau is the federal government's largest statistical agency. As the world?s premier statistical agency, we are dedicated to making our nation a better place. Policy-makers, businesses, and the public use our data to make informed decisions.
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