Figure C

Public capital as a share of GDP and as a share of private capital stock, 1948–2007

Public capital as a share of GDP Public capital as a share of private capital stock
1948 0.626994425 0.502985531
1949 0.651758995 0.504863531
1950 0.622148202 0.506391403
1951 0.59915142 0.507696469
1952 0.598562021 0.511355123
1953 0.593540852 0.513137256
1954 0.62354232 0.521084737
1955 0.607626849 0.526298865
1956 0.621838347 0.529806626
1957 0.636837492 0.534971988
1958 0.673744212 0.549464246
1959 0.658406287 0.561926153
1960 0.671651777 0.571360914
1961 0.688138647 0.584199117
1962 0.680517689 0.594590096
1963 0.685630911 0.606057502
1964 0.682922655 0.614789282
1965 0.676796509 0.617461407
1966 0.670266113 0.617075009
1967 0.687721568 0.620260225
1968 0.688033895 0.622424752
1969 0.69537342 0.619431033
1970 0.718688162 0.616741167
1971 0.717465407 0.614860044
1972 0.700770496 0.609025708
1973 0.680527722 0.597857387
1974 0.702448414 0.589715462
1975 0.721374903 0.588790613
1976 0.700392239 0.586596184
1977 0.682747191 0.579199463
1978 0.661348017 0.568701157
1979 0.656250027 0.55667764
1980 0.672990927 0.548158547
1981 0.668618561 0.537220671
1982 0.692158023 0.529868065
1983 0.672342635 0.525480881
1984 0.638966775 0.516702341
1985 0.626773325 0.508836727
1986 0.619518631 0.505938789
1987 0.613893767 0.504773718
1988 0.602876178 0.503193605
1989 0.595501129 0.501811645
1990 0.599438766 0.502666159
1991 0.61595219 0.507519717
1992 0.610184345 0.512578622
1993 0.60633131 0.513684207
1994 0.594277085 0.512248751
1995 0.592446514 0.508965007
1996 0.585029935 0.50517404
1997 0.572938565 0.498820818
1998 0.562083641 0.491220607
1999 0.550017092 0.484065146
2000 0.541636446 0.476043496
2001 0.549576738 0.47423177
2002 0.554100917 0.478489007
2003 0.554110283 0.48333283
2004 0.547528793 0.4858424
2005 0.5417175 0.486237227
2006 0.538863777 0.484571897
2007 0.539499736 0.481383385
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Notes: Public capital measure excludes national defense capital stock. Private capital stock excludes residential capital stock.

Source: Author’s analysis of Bureau of Economic Analysis Fixed-Assets Accounts (Table 1.1, 7.1A and 7.1B) and BEA National Income and Product Accounts (Table 1.1.5)

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