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Construction industry gross output in United States: Rise in 2017

The indicator grew by 7.01% compared with the previous year, according to adjusted data presented by U.S. Bureau of Economic Analysis. Construction gross output climbed by 100 508 million US Dollars, as it follows the tendency of the previous year when it increased by 5.95 percent. It pinpoints the all-time peak since 1947. The overall changes for the prior 71 years attained a growth of 7 130.36%. Besides, it has had a raise at a 0.06 percent CAGR during the last 5 years with a slight overall increase since the start of observations. It averaged 487 200.51 million US Dollars from 1947 to 2017 and it reached its minimum of 21 209 million US Dollars in 1947.

Construction industry gross output in United States: Rise in 2017
Date Million US Dollars Variation
2017 1 533 486.00 7.01
2016 1 432 978.00 5.95
2015 1 352 559.00 9.79
2014 1 231 982.00 8.1
2013 1 139 678.00 6.52
2012 1 069 895.00 6.08
2011 1 008 558.00 0.03
2010 1 008 294.00 -7.53
2009 1 090 356.00 -13.88
2008 1 266 018.00 -4.77

Related Statistics

Construction Output in other Countries

Main Construction Indicators

  • Building Permits

    Number of issued building permits, it is an indicator of the construction sector's growth. A building permit is an authorisation to start work on a building project. As such, a permit is the final stage of planning and building authorisations from public authorities, prior to the start of work. Based on: Eurostat.

  • Construction Completions

    Number of new privately owned housing units completed. Is is an indicator of construction work actually completed within a given period of time or at a particular point in time. Based on: Organisation for Economic Co-operation and Development.

  • Construction GDP

    Value of output of the construction industry less the value of intermediate consumption (intermediate inputs) used in this industry. It can be expressed in millions or billions of national currency, or in percentage of GDP. Based on: Organisation for Economic Co-operation and Development.

  • Construction Output

    Measure of the production in the construction industry.

  • Construction Spending

    Value of total spending in the construction industry, usually expressed in millions billions of national currency. It includes the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction and contractor's profts. Based on: US Census Bureau.

  • Construction Starts

    Number of new buildings on which construction has been started in a given period. Start of a construction occurs when excavation begins for the footings or foundation of a building. Based on: U.S. Census Bureau.

  • Buildings Under Construction

    Number of buildings in a state of construction (up until they receive their certificate of occupancy), at a given date in a country.

  • Building Materials Import

  • Building Materials Export