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.

• Record URL:
  http://www.trb.org/Publications/Blurbs/176302.aspx
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/07386826
• Authors:
  • Firestine, Theresa
  • White, Karen
• Publication Date: 2017-5

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

Subject/Index Terms

• TRT Terms: Economic impacts; For hire carriers; Gross domestic product; Households; Industries; Private passenger vehicles
• Identifier Terms: Transportation Satellite Accounts
• Geographic Terms: United States
• Subject Areas: Economics; Transportation (General);

Filing Info

• Accession Number: 01643027
• Record Type: Publication
• Files: TRIS, TRB, ATRI
• Created Date: Aug 3 2017 11:56AM