Figure D
Public investment is a clear casualty of state and local austerity: Real gross investment by state and local governments, 2000–2016
| Date | State and local investment |
|---|---|
| 2000Q1 | 92.631 |
| 2000Q2 | 90.886 |
| 2000Q3 | 91.67 |
| 2000Q4 | 92.799 |
| 2001Q1 | 94.385 |
| 2001Q2 | 100.063 |
| 2001Q3 | 93.103 |
| 2001Q4 | 98.762 |
| 2002Q1 | 100.445 |
| 2002Q2 | 99.296 |
| 2002Q3 | 99.911 |
| 2002Q4 | 100.829 |
| 2003Q1 | 100.077 |
| 2003Q2 | 99.317 |
| 2003Q3 | 102.306 |
| 2003Q4 | 101.313 |
| 2004Q1 | 100.784 |
| 2004Q2 | 101.475 |
| 2004Q3 | 99 |
| 2004Q4 | 97.147 |
| 2005Q1 | 96.688 |
| 2005Q2 | 97.162 |
| 2005Q3 | 96.468 |
| 2005Q4 | 97.874 |
| 2006Q1 | 97.306 |
| 2006Q2 | 99.744 |
| 2006Q3 | 99.379 |
| 2006Q4 | 98.244 |
| 2007Q1 | 98.87 |
| 2007Q2 | 99.755 |
| 2007Q3 | 99.809 |
| 2007Q4 | 100.51 |
| 2008Q1 | 100.029 |
| 2008Q2 | 101.279 |
| 2008Q3 | 101.543 |
| 2008Q4 | 99.489 |
| 2009Q1 | 99.49 |
| 2009Q2 | 101.252 |
| 2009Q3 | 100.952 |
| 2009Q4 | 98.307 |
| 2010Q1 | 95.499 |
| 2010Q2 | 97.957 |
| 2010Q3 | 98.112 |
| 2010Q4 | 95.167 |
| 2011Q1 | 92.295 |
| 2011Q2 | 91.177 |
| 2011Q3 | 90.457 |
| 2011Q4 | 89.972 |
| 2012Q1 | 87.4 |
| 2012Q2 | 86.839 |
| 2012Q3 | 84.649 |
| 2012Q4 | 82.494 |
| 2013Q1 | 82.13 |
| 2013Q2 | 82.581 |
| 2013Q3 | 82.759 |
| 2013Q4 | 81.883 |
| 2014Q1 | 80.788 |
| 2014Q2 | 82.441 |
| 2014Q3 | 82.747 |
| 2014Q4 | 84.042 |
| 2015Q1 | 84.202 |
| 2015Q2 | 87.825 |
| 2015Q3 | 88.254 |
| 2015Q4 | 86.771 |
| 2016Q1 | 90.438 |
| 2016Q2 | 86.583 |
| 2016Q3 | 84.824 |
| 2016Q4 | 87.805 |
Notes: Values are indexed to 2009 annual average (2009=100).
Source: Author’s analysis of Bureau of Economic Analysis National Income and Product Accounts public data (BEA various years)
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