Gross Total Construction, Including Oil and Gas Well Drilling for United States (A02147USA398NNBR)
1955: 45,153 Millions Of Current Dollars
Annual, Not Seasonally Adjusted, Updated: 2012-08-16 11:33 AM CDT
|Source:|| National Bureau of Economic Research
|Release:||NBER Macrohistory Database|
For Years Since 1915, These Data Are Mainly Bls-Commerce Estimates; Hence For Later Years This Series Is Superseded---Except For Comparison With Earlier Years---By NBER Series 02260. For Years Before 1952, Kuznets Calculated Total Gross Construction As The Sum Of (1) Cost Of Oil And Gas Wells Drilled, And (2) All Other Construction. The Estimation Procedure Followed Was Complex, And Is Described In The Source Work Cited Above, Q.V.; See Also Lipsey And Preston, Pp. 251, 252. Data For 1952-55 Are Based On Commerce Department Figures Published In The"Survey Of Current Business" For July, 1956. Source: Annia; Estimates Underlying Five-Year Moving Averages From: Kuznets, Simon, "Capital In The American Economy: Its Formation And Financing, " (Princeton University Press For NBER, 1961).