The information provided here is for informational and educational purposes and does not necessarily reflect the opinion and/or policy position of the Georgia Municipal Association.
Between now and 2020, the infrastructure investment shortfall in the U.S. will grow to over $1 trillion.
A report from the American Society of Civil Engineers (ASCE) shows the economic consequences of continued underinvestment in our nation’s infrastructure, and the economic gains that could be made by 2020 in terms of GDP, personal disposable income, exports, and jobs if we choose as a country to invest in our communities.
ASCE finds that with an additional investment of $157 billion a year between now and 2020, the U.S. can eliminate this drag on economic growth and protect:
- $3.1 trillion in GDP, almost the equivalent of Germany’s entire GDP;
- $1.1 trillion in U.S. trade value, equivalent to Mexico’s GDP;
- 3.5 million jobs, more than the jobs created in the U.S. over the previous 22 months;
- $2.4 trillion in consumer spending, comparable to Brazil’s GDP; and
- $3,100 in annual personal disposable income.
More information can be found in the ASCE report, Failure to Act: The Impact of Current Infrastructure Investment on America’s Economic Future
(PDF, 8.35 MB).