Finance and Economics Discussion Series: Accessible versions of figures for 2017-016

ICT Asset Prices: Marshaling Evidence into New Measures

Accessible version of figures

Figure 1: Commodity Composition of Communication Equipment Investment

I-O item code Equipment by type of product 2007 Value (millions of dollars)

1 Communication equipment 106,169

2 33411A Computer terminals and other computer peripheral equipment manufacturing 339

3 Computer terminals (excl. parts/attachments/accessories/etc.)

4 334210 Telephone apparatus manufacturing 20,652

5 Telephone switching equipment

6 Carrier line equipment & nonconsumer modems

7 Telephone sets, including wireless phone sets, exclude cell phones

8 Wireline voice equipment

9 Data communications equipment (including routers, gateways, bridges, terminal servers, and concentrators)

10 Telephone apparatus, nsk

11 334220 41,112

12 Other communication systems and equipment

13 Broadcast, studio, and related electronic equipment

14 Cellular handsets (cell phones)

15 Wireless networking equipment

16 Radio station equipment including satelite, airborne and earth-based (fixed and mobile)

17 Antenna systems, sold separately

18 Radio and TV broadcasting and wireless communications equipment, nsk

19 334290 Other communications equipment manufacturing 1,035

20 Vehicular and pedestrian traffic control equipment, including electric railway signals and attachments

21 Intercommunications systems, including inductive paging systems (selective paging), except telephone and telegraph

22 Other Communications Equipment, nsk

23 334300 Audio and video equipment manufacturing 12,294

24 Television receivers, including combination models

25 Speakers, including loudspeakers systems and loudspeakers sold separately, and commercial sound equipment

26 334511 Search, detection, and navigation instruments manufacturing 16,419

27 Search, detection, navigation, and guidance systems

28 Search, detection, navigation, and guidance systems, nsk

29 335920 Communication and energy wire and cable manufacturing 380

30 Telephone and telegraph wire and cable, made of nonferrous metals (purchased wire)

31 336414 Guided missile and space vehicle manufacturing 119

32 All other services on complete space vehicles for other customers

33 517110 Wired Telecommunications Carriers 7,712

34 Force account, telephone equipment installation

35 541300 Architectural, engineering, and related services 6,084

36 Engineering services

37 S00402 Used and secondhand goods 23

38 Used communication equipment

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Figure 2: Communications Equipment Investment Shares by Asset Type, 1958 to 2014

Note: Authors' elaboration of data from the U.S. BEA and Census Bureau.

Year Equipment Telecommunications and networking equipment Broadcast and other communications equipment Audio and video equipment Search and navigation equipment Capitalized services
1958                    0.922                  0.078                  0.013                         -                           -  
1959              0.901            0.076            0.013            0.023                   -  
1960              0.880            0.074            0.013            0.046                   -  
1961              0.854            0.072            0.013            0.074                   -  
1962              0.828            0.070            0.013            0.102                   -  
1963              0.790            0.066            0.013            0.144                   -  
1964              0.779            0.071            0.013            0.150                   -  
1965              0.752            0.088            0.013            0.160                   -  
1966              0.726            0.101            0.013            0.173                   -  
1967              0.705            0.087            0.013            0.207                   -  
1968              0.660            0.084            0.013            0.256                   -  
1969              0.674            0.092            0.013            0.235                   -  
1970              0.704            0.077            0.013            0.218                   -  
1971              0.721            0.066            0.013            0.212                   -  
1972              0.699            0.069            0.013            0.231                   -  
1973              0.697            0.062            0.013            0.242                   -  
1974              0.683            0.033            0.013            0.285                   -  
1975              0.622            0.033            0.013            0.345                   -  
1976              0.662            0.054            0.013            0.284                   -  
1977              0.689            0.069            0.013            0.242                   -  
1978              0.700            0.070            0.013            0.229                   -  
1979              0.669            0.084            0.013            0.247                   -  
1980              0.648            0.111            0.013            0.241                   -  
1981                    1            0.636            0.131            0.013            0.233                   -  
1982                    1            0.632            0.123            0.013            0.245                   -  
1983                    1            0.606            0.168            0.013            0.225                   -  
1984                    1            0.598            0.197            0.013            0.203            0.001
1985                    1            0.646            0.138            0.013            0.213            0.004
1986                    1.008                    0.644                    0.152                    0.013                    0.199                    0.005
1987                 0.965                 0.595                 0.099                 0.013                 0.257                 0.048
1988                  0.947                  0.580                  0.149                  0.011                  0.207                  0.053
1989                      0.932                      0.559                      0.142                      0.011                      0.220                      0.068
1990                      0.917                      0.531                      0.130                      0.010                      0.246                      0.083
1991                      0.902                      0.475                      0.124                      0.011                      0.292                      0.098
1992                    0.886                    0.526                    0.129                    0.010                    0.222                    0.114
1993                      0.882                      0.513                      0.121                      0.012                      0.236                      0.118
1994                      0.880                      0.564                      0.111                      0.012                      0.193                      0.120
1995                      0.879                      0.590                      0.097                      0.013                      0.179                      0.121
1996                      0.879                      0.610                      0.090                      0.013                      0.165                      0.121
1997                       0.881                       0.637                       0.079                       0.013                       0.152                       0.119
1998                       0.874                       0.654                       0.065                       0.014                       0.141                       0.126
1999                       0.874                       0.669                       0.070                       0.013                       0.122                       0.126
2000                       0.886                       0.715                       0.062                       0.011                       0.098                       0.114
2001                       0.878                       0.681                       0.073                       0.014                       0.110                       0.122
2002                       0.853                       0.589                       0.095                       0.026                       0.143                       0.147
2003                         0.862                         0.592                         0.090                         0.051                         0.130                         0.138
2004                       0.863                       0.562                       0.074                       0.073                       0.154                       0.137
2005                     0.874                     0.558                     0.073                     0.095                     0.147                     0.126
2006                          0.888                          0.573                          0.071                          0.107                          0.138                          0.112
2007                     0.870                     0.532                     0.067                     0.116                     0.155                     0.130
2008                    0.892                    0.529                    0.074                    0.103                    0.185                    0.108
2009                  0.882                  0.501                  0.072                  0.102                  0.206                  0.118
2010                  0.907                  0.523                  0.081                  0.105                  0.197                  0.093
2011                 0.905                 0.498                 0.077                 0.105                 0.225                 0.095
2012                    0.903                    0.516                    0.063                    0.104                    0.219                    0.097
2013                   0.908                   0.553                   0.060                   0.105                   0.190                   0.092
2014                 0.907                 0.548                 0.062                 0.105                 0.193                 0.093

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Figure 3: Commodity composition of computers and peripheral equipment investment

Source: BEA Private Fixed Equipment Investment Bridge Table

I-O item code Equipment by type of product 2007 Value (millions of Dollars)

1 Computers and peripheral equipment 87,725

2 334111 Electronic computer manufacturing 50,365

3 Host computers, multiusers (mainframes, super computers, medium scale systems, UNIX servers, PC servers)

4 Single user computers, microprocessor-based, capabale of supporting attached peripherals (personal computers, workstations, portable computers)

5 Other computers, including array and other analog, hybrid and special purpose

6 Electronic computers nsk, total

7 334112 Computer storage device manufacturing 4,688

8 Computer storage devices (excl. parts/attachments/accessories/etc.)

9 Parts, attachments, and accessories for computer storage devices

10 Computer storage devices, nsk, total

11 33411A Computer terminals and other computer peripheral equipment manufacturing 14,266

12 Computer terminals (excl. parts/attachments/accessories/etc.)

13 Computer terminals, nsk, total

14 Input devices, all types

15 Impact printers

16 Nonimpact printers

17 Digital cameras

18 Optical scanning devices

19 Monitors, accessories, and other peripheral equipment

20 Other computer peripheral equipment, nsk, total

21 541512 Computer systems design services 15,152

22 S00402 Used and secondhand goods 3,254

23 Used computing equipment

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Figure 4: Alternative server price indexes (percent change), 1993 to 2014

Year BLS PPI Performance-adjusted server unit value Byrne-Corrado BEA
1993 -11% -17% -15% -17%
1994 -6% -20% -16% -20%
1995 -5% -20% -15% -20%
1996 -7% -30% -23% -30%
1997 -14% -39% -32% -30%
1998 -19% -49% -41% -28%
1999 -21% -33% -30% -22%
2000 -20% -32% -28% -19%
2001 -25% -34% -31% -26%
2002 -25% -42% -37% -21%
2003 -20% -25% -24% -16%
2004 -10% -39% -31% -9%
2005 -12% -21% -18% -15%
2006 -19% -41% -35% -18%
2007 -24% -45% -38% -23%
2008 -16% -37% -30% -15%
2009 -10% -35% -27% -10%
2010 -10% -37% -29% -5%
2011 -8% -22% -17% -11%
2012 -3% -40% -29% -4%
2013 -5% -27% -20% -2%
2014 -1% -17% -12% -0%

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Figure 5: Computers and peripheral equipment investment shares by asset type, 1958 to 2014

Note: Authors' elaboration of data from the U.S. BEA and Census Bureau.

Year Multiuser computers Personal computers Storage equipment Terminals Other peripherals Systems integrators
1958 0.6667 0.0000 0.0000 0.0000 0.3333 0.0000
1959 0.5556 0.0000 0.2222 0.0000 0.2222 0.0000
1960 0.4972 0.0000 0.2265 0.0000 0.2762 0.0000
1961 0.4940 0.0000 0.2610 0.0000 0.2450 0.0000
1962 0.5385 0.0000 0.2811 0.0000 0.1805 0.0000
1963 0.4578 0.0000 0.3610 0.0000 0.1812 0.0000
1964 0.3686 0.0000 0.4275 0.0000 0.2039 0.0000
1965 0.3552 0.0000 0.4460 0.0000 0.1988 0.0000
1966 0.2833 0.0000 0.5006 0.0000 0.2161 0.0000
1967 0.3816 0.0000 0.4362 0.0000 0.1822 0.0000
1968 0.4075 0.0000 0.4236 0.0000 0.1689 0.0000
1969 0.4634 0.0000 0.4004 0.0000 0.1362 0.0000
1970 0.4646 0.0000 0.4127 0.0000 0.1227 0.0000
1971 0.4505 0.0000 0.4115 0.0007 0.1380 0.0000
1972 0.5066 0.0000 0.3572 0.0543 0.0818 0.0000
1973 0.4656 0.0000 0.3599 0.0698 0.1046 0.0000
1974 0.4864 0.0000 0.3239 0.0661 0.1236 0.0000
1975 0.4683 0.0000 0.3212 0.0945 0.1160 0.0000
1976 0.4542 0.0000 0.3183 0.1223 0.1053 0.0000
1977 0.4525 0.0000 0.3325 0.1021 0.1129 0.0000
1978 0.5103 0.0000 0.3137 0.0927 0.0833 0.0000
1979 0.5206 0.0000 0.2858 0.1059 0.0877 0.0000
1980 0.4887 0.0000 0.2890 0.1324 0.0900 0.0000
1981 0.5244 0.0000 0.2711 0.1006 0.1040 0.0000
1982 0.4581 0.0000 0.2927 0.1329 0.1163 0.0000
1983 0.4467 0.1929 0.2654 0.1343 0.1537 0.0000
1984 0.3549 0.2029 0.1959 0.1009 0.1454 0.0000
1985 0.3731 0.2138 0.1974 0.0682 0.1475 0.0000
1986 0.3562 0.1901 0.1837 0.0804 0.1896 0.0000
1987 0.3242 0.2200 0.1610 0.0891 0.2057 0.0000
1988 0.3107 0.2582 0.1891 0.0656 0.1765 0.0000
1989 0.2565 0.2741 0.1953 0.0797 0.1944 0.0000
1990 0.2424 0.2750 0.2054 0.0816 0.1955 0.0000
1991 0.2502 0.3034 0.1852 0.0785 0.1827 0.0000
1992 0.1472 0.3456 0.2124 0.0912 0.2036 0.0000
1993 0.1330 0.3809 0.1593 0.0961 0.2308 0.0171
1994 0.1561 0.4381 0.1101 0.0820 0.1830 0.0307
1995 0.1507 0.4637 0.1135 0.0814 0.1540 0.0365
1996 0.1624 0.4195 0.1508 0.0950 0.1279 0.0443
1997 0.2113 0.3514 0.1428 0.0998 0.1456 0.0491
1998 0.1873 0.3720 0.1269 0.0866 0.1460 0.0811
1999 0.2217 0.3381 0.1040 0.0891 0.1619 0.0852
2000 0.2483 0.3163 0.0990 0.0930 0.1496 0.0938
2001 0.2264 0.3047 0.1070 0.0820 0.1739 0.1060
2002 0.2012 0.3058 0.0852 0.0944 0.1935 0.1199
2003 0.2053 0.3459 0.0825 0.1031 0.1342 0.1289
2004 0.1814 0.3782 0.0614 0.1201 0.1269 0.1320
2005 0.1350 0.4362 0.0655 0.1068 0.1003 0.1562
2006 0.1663 0.4226 0.0589 0.0950 0.0940 0.1631
2007 0.1243 0.4714 0.0580 0.0795 0.0877 0.1791
2008 0.1314 0.4806 0.0539 0.0780 0.0747 0.1813
2009 0.1750 0.4598 0.0447 0.0627 0.0646 0.1933
2010 0.1657 0.4358 0.0489 0.0822 0.0721 0.1952
2011 0.1241 0.4581 0.0449 0.0760 0.0742 0.2227
2012 0.1345 0.4462 0.0442 0.0742 0.0700 0.2310
2013 0.1362 0.4413 0.0462 0.0814 0.0729 0.2220
2014 0.1280 0.4430 0.0419 0.0868 0.0780 0.2223

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Figure 6: Personal computer price change, 1996 to 2014

Source. IDC, Inc.; Bureau of Economic Analysis

Year Average selling price, business market BEA investment deflator
1996 0.0346 -0.3733
1997 -0.0904 -0.3745
1998 -0.1134 -0.4512
1999 -0.1263 -0.4222
2000 -0.0638 -0.2049
2001 -0.1352 -0.3257
2002 -0.2294 -0.2257
2003 -0.1417 -0.1793
2004 -0.0573 -0.1095
2005 -0.0378 -0.2200
2006 0.0273 -0.2251
2007 -0.0257 -0.1455
2008 -0.0756 -0.1476
2009 -0.1343 -0.1207
2010 -0.0068 -0.0404
2011 -0.0738 -0.0571
2012 -0.0464 -0.0472
2013 0.0107 -0.0094
2014 0.0219 0.0029

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Figure 7: BLS software price indexes, published and implied, 1998=100

Year Software ex games and other receipts Application software Desktop application software other application software
1998 100 100 100 100
1999 99.411 100.563 100.563 100.563
2000 99.552 103.959 103.959 103.959
2001 98.155 104.766 104.766 104.766
2002 96.776 103.69 103.69 103.69
2003 96.277 98.63 98.63 98.63
2004 94.777 94.503 94.503 94.503
2005 94.555 93.561 93.561 93.561
2006 95.397 95.638 95.638 95.638
2007 94.913 96.428 95.502 96.743
2008 96.528 97.798 95.494 99.486
2009 95.211 97.857 95.135 99.927
2010 92.79 97.68 95.159 99.518
2011 91.623 98.218 94.872 100.945
2012 89.309 98.815 94.258 102.381
2013 88.922 100.462 95.909 104.065
2014 88.725 100.731 96.164 104.353
2015 87.446 99.681 94.226 103.808

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Figure 8: Software and software components price change, 1972 to 2015

Year Software (total) Software products Custom and own-account software
1972 -3.0% -12.7% -2.0%
1973 1.4% -3.1% 1.9%
1974 1.2% -11.4% 2.6%
1975 3.0% -4.7% 3.8%
1976 -1.2% -10.5% -0.3%
1977 -0.1% -8.2% 0.7%
1978 -5.0% -21.8% -3.2%
1979 0.7% -10.9% 2.1%
1980 -0.2% -14.1% 1.6%
1981 1.8% -7.6% 3.2%
1982 1.0% -6.6% 2.2%
1983 -2.4% -10.6% -1.0%
1984 -3.4% -12.2% -1.5%
1985 -2.9% -9.6% -1.2%
1986 -2.8% -9.7% -1.1%
1987 -3.3% -9.1% -1.8%
1988 -0.1% -6.8% 1.7%
1989 -1.2% -8.8% 1.1%
1990 -1.9% -8.4% 0.6%
1991 -1.8% -6.0% -0.1%
1992 -5.9% -13.7% -2.4%
1993 -3.8% -8.1% -1.7%
1994 -4.3% -8.7% -2.2%
1995 -4.1% -8.6% -1.8%
1996 -5.0% -8.8% -3.1%
1997 -8.4% -14.2% -5.1%
1998 -12.7% -19.8% -8.3%
1999 -4.3% -8.0% -2.0%
2000 -2.5% -5.8% -0.6%
2001 -4.2% -7.8% -2.2%
2002 -5.5% -8.9% -3.4%
2003 -4.8% -8.9% -2.0%
2004 -5.4% -9.7% -2.5%
2005 -2.8% -6.1% -0.7%
2006 -3.3% -6.6% -1.3%
2007 -4.8% -8.9% -2.5%
2008 -3.3% -6.5% -1.6%
2009 -4.8% -8.0% -3.2%
2010 -5.1% -8.6% -3.3%
2011 -3.8% -7.2% -2.1%
2012 -4.9% -8.6% -3.1%
2013 -3.2% -6.0% -1.8%
2014 -3.0% -5.6% -1.6%
2015 -4.7% -8.0% -3.0%

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