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Gross Total Construction, Including Oil and Gas Well Drilling for United States (A02147USA398NNBR)

Observation:

1955: 45,153  
Updated: Aug 16, 2012

Units:

Millions of Current Dollars,
Not Seasonally Adjusted

Frequency:

Annual
1Y | 5Y | 10Y | Max
  EDIT LINE 1
(a) Gross Total Construction, Including Oil and Gas Well Drilling for United States, Millions of Current Dollars, Not Seasonally Adjusted (A02147USA398NNBR)
For Years Since 1915, These Data Are Mainly Bls-Commerce Estimates; Hence For Later Years This Series Is Superseded---Except For Comparison With Earlier Years---By NBER Series 02260. For Years Before 1952, Kuznets Calculated Total Gross Construction As The Sum Of (1) Cost Of Oil And Gas Wells Drilled, And (2) All Other Construction. The Estimation Procedure Followed Was Complex, And Is Described In The Source Work Cited Above, Q.V.; See Also Lipsey And Preston, Pp. 251, 252. Data For 1952-55 Are Based On Commerce Department Figures Published In The"Survey Of Current Business" For July, 1956. Source: Annia; Estimates Underlying Five-Year Moving Averages From: Kuznets, Simon, "Capital In The American Economy: Its Formation And Financing, " (Princeton University Press For NBER, 1961).

This NBER data series a02147 appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html.

NBER Indicator: a02147

Gross Total Construction, Including Oil and Gas Well Drilling for United States

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NOTES

Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Notes:

For Years Since 1915, These Data Are Mainly Bls-Commerce Estimates; Hence For Later Years This Series Is Superseded---Except For Comparison With Earlier Years---By NBER Series 02260. For Years Before 1952, Kuznets Calculated Total Gross Construction As The Sum Of (1) Cost Of Oil And Gas Wells Drilled, And (2) All Other Construction. The Estimation Procedure Followed Was Complex, And Is Described In The Source Work Cited Above, Q.V.; See Also Lipsey And Preston, Pp. 251, 252. Data For 1952-55 Are Based On Commerce Department Figures Published In The"Survey Of Current Business" For July, 1956. Source: Annia; Estimates Underlying Five-Year Moving Averages From: Kuznets, Simon, "Capital In The American Economy: Its Formation And Financing, " (Princeton University Press For NBER, 1961).

This NBER data series a02147 appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html.

NBER Indicator: a02147

Suggested Citation:

National Bureau of Economic Research, Gross Total Construction, Including Oil and Gas Well Drilling for United States [A02147USA398NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/A02147USA398NNBR, July 23, 2016.

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