Table 4
Total new spending on investments in infrastructure, clean energy, and energy efficiency, and respending from combined export promotion and investment proposals, by industry, 2024
| Infrastructure investments ($billions) | Clean energy and energy efficiency investments ($billions) | Respending (from $500 billion in investments and $854.3 billion improvement in net trade balance) ($billions) | |
|---|---|---|---|
| Total | $250.0 | $250.0 | $812.6 |
| Agriculture, forestry, fisheries | $0 | $6.3 | $4.6 |
| Mining | $0 | $3.8 | $0 |
| Oil and gas | $0 | $3.8 | $0 |
| Minerals and ores | $0 | $0 | $0 |
| Utilities | $13.6 | $0 | $16.2 |
| Construction | $81.2 | $1.6 | $0 |
| Manufacturing | $57.1 | $229.1 | $100.4 |
| Nondurable goods | $1.0 | $12.7 | $79.5 |
| Food and kindred products | $0 | $0 | $27.0 |
| Beverage and tobacco products | $0 | $0 | $9.3 |
| Textile mills and textile product mills | $0 | $0 | $1.4 |
| Apparel, leather, and allied product manufacturing | $0 | $0 | $9.0 |
| Paper | $0 | $0 | $1.3 |
| Printed matter and related products | $0 | $0 | $0.3 |
| Petroleum and coal products | $0 | $0 | $10.6 |
| Chemicals | $0 | $12.7 | $18.7 |
| Plastics and rubber products | $1.0 | $0 | $1.9 |
| Durable goods | $56.1 | $216.4 | $20.9 |
| Wood products | $0.0 | $4.4 | $0.3 |
| Nonmetallic mineral products | $2.1 | $0 | $0.7 |
| Primary metal | $1.0 | $0 | $0 |
| Fabricated metal products | $1.0 | $31.8 | $1.2 |
| Machinery, except electrical | $0.4 | $86.4 | $0.4 |
| Computer and electronic parts | $0 | $21.1 | $5.3 |
| Computer and peripheral equipment | $0 | $8.4 | $2.5 |
| Communications, audio, and video equipment | $0 | $0 | $2.2 |
| Navigational, measuring, electromedical, and control instruments | $0 | $0 | $0.5 |
| Semiconductor and other electronic components, and magnetic and optical media production | $0 | $12.7 | $0 |
| Electrical equipment, appliances, and component | $20.3 | $69.1 | $2.4 |
| Transportation equipment | $31.2 | $3.7 | $15.0 |
| Motor vehicles and parts | $28.6 | $3.7 | $13.6 |
| Aerospace products and parts | $1.4 | $0 | $0.0 |
| Railroad, ship, and other transportation equipment | $1.2 | $0 | $1.3 |
| Furniture and fixtures | $0 | $0 | $2.9 |
| Miscellaneous manufactured commodities | $0 | $0 | -$7.3 |
| Wholesale trade | $0 | $0 | $33.3 |
| Retail trade | $0 | $0 | $84.7 |
| Transportation | $44.7 | $0 | $18.7 |
| Information | $16.8 | $0 | $30.2 |
| Finance and insurance | $0 | $0 | $65.5 |
| Real estate, and rental and leasing | $0 | $0 | $41.4 |
| Professional, scientific, and technical services | $2.6 | $3.9 | $11.0 |
| Management of companies and enterprises | $0 | $0 | $0 |
| Administrative and support and waste management and remediation services | $5.2 | $4.7 | $5.3 |
| Education services | $21.9 | $0 | $21.5 |
| Health care and social assistance | $0 | $0 | $158.8 |
| Arts, entertainment, and recreation | $6.9 | $0.8 | $16.9 |
| Accommodation and food services | $0 | $0 | $54.0 |
| Other services | $0 | $0 | $37.8 |
| Government | $0 | $0 | $107.5 |
| Scrap and secondhand goods | $0 | $0 | $4.7 |
| Addendum: | |||
| Construction share | 32.5% | 0.6% | 0.0% |
| Manufacturing share | 22.8% | 91.6% | 12.4% |
Note: Totals may not sum due to rounding.
Source: Authors’ analysis of infrastructure and clean energy/energy efficiency investments at the allocations specified in Pollin and Chakraborty 2020. Respending applies multiplier from Bivens 2014 to these investments and authors' projections for trade in 2024 given currency realignment and an aggressive program of industrial policies. For a more detailed explanation of data sources and computations, see this report, especially Tables 1 and 2 and the methodology appendix.
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