Contact: Briana Kaya
Public Information Office
U.S. businesses spent $296.3 billion on information and communication technology (ICT) equipment and computer software in 2008, an increase of 11.0 percent from 2007, according to the U.S. Census Bureau. This followed a 5.5 percent increase from 2006 to 2007.
The Information and Communication Technology Survey is a supplement to the bureau's Annual Capital Expenditures Survey.
“The Information and Communication Technology Survey allows users to evaluate productivity and economic growth prospects, and conduct market analyses, economic forecasting, product development and business planning,” said Valerie Strang, chief of the Census Bureau's Business Investment Branch. “Specifically, it shows which sectors are investing in information and communication technologies, giving businesses insight into where they may find new opportunities.”
Capitalized ICT spending (expenditures that are written off over time) was $204.8 billion in 2008, an increase of 17.7 percent from 2007. Of that total:
Noncapitalized ICT spending (expenses that are written off in the same year as made) was $91.4 billion in 2008, not statistically different from 2007. Of that total:
Spending on ICT equipment and computer software in 2008 increased in 10 of 19 sectors covered by the survey -- no sectors decreased their spending from 2007 — and nine sectors showed no statistical difference in spending (See graphic) [PDF]. Five sectors accounted for 74.2 percent of total ICT spending:
Data in the annual ICTS reports are subject to sampling variability as well as nonsampling errors. Sources of nonsampling error include errors of response, nonreporting and coverage. More details concerning the ICTS design, methodology and data limitations, including response rates are included in the annual report. ICTS data dating back to 2003 are available online at <www.census.gov/econ/ict/>.