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Abstract:The Bureau of Transportation Statistics (BTS) estimates that transportation directly created $692.0 billion of economic activity by moving goods in 2014. BTS measures this contribution to the gross domestic product in the Transportation Satellite Accounts (TSAs). The most current TSAs are for 2014. BTS produces the TSAs, which provide a comprehensive measure of transportation activity (e.g., trucking carried out by grocers to move goods from distribution centers to stores and depreciation from households driving personal motor vehicles) in the United States. BTS builds on the Bureau of Economic Analysis's (BEA's) input-output (I-O) accounts. The I-O accounts show the value of all for-hire transportation and the industries using for-hire transportation. For-hire transportation consists of the services provided by transportation firms to industries and the public on a fee-basis, such as air carriers, railroads, transit agencies, common carrier trucking companies, and pipelines. Part of the TSAs reorganizes the I-O accounts to show the dollar value of transportation activity carried out by nontransportation industries for their own purposes (known as business-related in-house transportation). For-hire and business-related in-house transportation activity contributed $692.0 billion to the economy in 2014 (figure 1-1). The TSAs also show the value of transportation carried out by households through the use of their private motor vehicles (known as household production of transportation services (HPTS). The I-O accounts do not show the dollar value of in-house transportation activity or HPTS.
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