Rising prices of construction materials make increased infrastructure effort even more necessary: Real public spending on transportation and water infrastructure, using GDP deflators and infrastructure-specific deflators, 1979–2014
Year | Based on infrastructure-specific price indexes |
Based on the GDP price index |
---|---|---|
1979 | 100 | 100 |
1980 | 103.339 | 105.549 |
1981 | 100.385 | 105.178 |
1982 | 94.6026 | 99.373 |
1983 | 96.6386 | 100.563 |
1984 | 101.002 | 103.517 |
1985 | 108.077 | 109.763 |
1986 | 113.959 | 116.452 |
1987 | 117.404 | 121.949 |
1988 | 121.547 | 126.183 |
1989 | 124.173 | 128.474 |
1990 | 127.409 | 132.353 |
1991 | 131.255 | 135.955 |
1992 | 133.713 | 138.73 |
1993 | 134.84 | 140.088 |
1994 | 139.74 | 145.922 |
1995 | 141.688 | 149.892 |
1996 | 141.803 | 151.91 |
1997 | 144.657 | 156.458 |
1998 | 147.996 | 161.516 |
1999 | 152.759 | 169.787 |
2000 | 156.459 | 177.956 |
2001 | 163.185 | 188.363 |
2002 | 169.391 | 197.078 |
2003 | 171.622 | 202.036 |
2004 | 167.078 | 200.862 |
2005 | 162.191 | 203.724 |
2006 | 161.078 | 210.331 |
2007 | 159.949 | 218.562 |
2008 | 159.368 | 226.885 |
2009 | 164.618 | 235.786 |
2010 | 164.944 | 238.211 |
2011 | 158.806 | 232.928 |
2012 | 154.848 | 229.557 |
2013 | 154.627 | 229.44 |
2014 | 156.368 | 232.067 |
Note: Infrastructure-specific deflator uses prices of materials and other inputs used to build, operate, and maintain transportation and water infrastructure.
Source: Author’s analysis of data from CBO 2015