ABSTRACT

Population Population 304.1 mn Urban population (2000) 79% Population under 15 20% Population 65 and over 13% Average annual growth rate (2004 to 2008) 0.94% Geography Land area 9,161,630 km2 Agricultural area 18% Capital city Washington Population of capital city 591,833 Economy Monetary unit US Dollar (US$) Exchange rate (average fourth quarter 2008) to: the pound sterling US$ 1.99 the euro US$ 1.48 the yen x100 US$ 0.93 Average annual inflation (1998 to 2007) 2.9% Inflation rate 3.8% Gross Domestic Product (GDP) US$ 14,264.6 bn GDP per capita US$ 47,395 Average annual real change in (GDP) (1998 to 2008) 6.4% Private consumption as a proportion of GDP 69.6% Public consumption as a proportion of GDP 20.4% Investment as a proportion of GDP 13.7% Construction Gross value of construction output (2007) US$ 1.2 trillion Gross value of construction output as a proportion of GDP 8.8%

THE CONSTRUCTION INDUSTRY

Construction Output

The total value of gross output of new work of the US construction industry in 2007 was almost US$1.2 trillion – which makes up 8.8% of the GDP. The table below shows the breakdown of output by type of work for 2007.