1.3 : Value of Construction and Research
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Estimated Value
of All U.S. Construction Relative to the GDP ($2010) |
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2007 estimated value of all U.S. construction
was $1.82 trillion (including renovation; heavy construction; public works; |
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residential, commercial, and industrial new
construction; and non-contract work). |
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Compared to the $14.6 trillion 2007 U.S. gross
domestic product (GDP), all construction held a 12.4% share. |
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In 2007, residential and commercial building
renovation (valued at $496 billion) and new building construction |
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(valued at $759 billion) was estimated to
account for 69% (approximately $1.26 trillion) of the $1.81 trillion. |
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DOWNLOAD TABLE AS PDF XLS
Related Tables:
Sources:
National Science and Technology Council, Construction & Building: Interagency Program for Technical Advancement in Construction and Building, 1999, p. 5
| DOC, 1997 Census of Construction Industries: Industry Summary, Jan. 2000, Table 7, p. 15
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