Chart 3. Net fixed investment: published BEA estimates of private nonresidential fixed assets compared with revised sets 1 and 2 depreciation rate estimates (applied beginning in 1985), in billions of dollars, 1985 to 2019
Year BEA Set 1 Set 2

1985

$204.10 $–103.92 $–2.03

1986

177.13 –98.74 –9.24

1987

159.26 –88.27 –7.77

1988

172.44 –57.46 14.21

1989

192.21 –25.27 40.18

1990

182.37 –23.70 36.43

1991

137.70 –54.62 –0.28

1992

138.85 –40.06 9.06

1993

169.67 –2.64 43.27

1994

204.40 34.22 79.03

1995

248.88 78.68 124.03

1996

289.70 117.60 164.06

1997

346.14 170.02 218.46

1998

398.45 212.03 264.27

1999

443.73 241.02 298.84

2000

496.13 276.12 339.14

2001

396.89 169.73 234.36

2002

254.65 32.16 93.41

2003

250.82 37.02 93.05

2004

289.56 75.79 128.74

2005

356.69 135.17 188.39

2006

434.03 201.24 256.09

2007

501.32 258.47 314.63

2008

458.28 209.67 263.68

2009

143.06 -93.36 -48.58

2010

176.42 -40.38 -4.96

2011

283.11 71.25 103.42

2012

411.80 200.20 230.91

2013

432.73 218.53 249.74

2014

526.50 305.57 338.27

2015

518.81 291.06 328.93

2016

464.68 234.62 282.04

2017

495.51 261.68 317.01

2018

604.58 362.44 422.54

2019

609.70 357.46 421.65

Note: Net fixed investment is gross fixed investment minus consumption of fixed capital. BEA = U.S. Bureau of Economic Analysis.

Source: U.S. Bureau of Economic Analysis and authors’ calculations.