The Economic Value of Using Transportation Assets and Services: Figures from the Transportation Satellite Accounts

The U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) has developed a measuring tool, called the Transportation Satellite Accounts (TSAs), to show not only the dollars expended on transportation for the production of goods and services but also the contribution of transportation to the total U.S. gross domestic product (GDP). The accounts offer a step toward measuring the economic value of the transportation used by industries and households. This article describes how the TSAs are formulated; defines for-hire, in-house, and household transportation; examines industry sectors and use of transportation by industry; and details the contribution of for-hire and in-house transportation to U.S. GDP. In 2014 dollars, for-hire transportation contributed $504.8 billion (2.9 percent) and in-house transportation contributed $187.2 billion (1.1 percent) to the U.S. GDP of $17.7 trillion. Total household transportation, measured by the depreciation cost associated with households owning motor vehicles, contributed $309.9 billion (1.8 percent). The total contribution of household transportation to the GDP was larger than that of any other transportation modes.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Figures; Photos; Tables;
  • Pagination: pp 20-23
  • Serial:
    • TR News
    • Issue Number: 309
    • Publisher: Transportation Research Board
    • ISSN: 0738-6826
  • Publication flags:

    Open Access (libre)

Subject/Index Terms

Filing Info

  • Accession Number: 01643027
  • Record Type: Publication
  • Files: TRIS, TRB, ATRI
  • Created Date: Jul 19 2017 2:01PM