Green Construction Will Add $554 Billion to U.S. GDP by 2013, Create 8 Million New Jobs

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A new study released by the U.S. Green Building Council (USGBC) and Booz Allen Hamilton concludes that green building will add $554 billion to the U.S. economy (including $396 billion in new wages), and support 7.9 million U.S. jobs during the next four year period (2009-2013). The study also confirms that green construction spending currently supports “more than 2 million American jobs and generates more than $100 billion in gross domestic product and wages.”  Over the past eight years, the total economic impact of the green construction market from 2000 to 2008 was $178 billion (including $123 billion in wages), and “created or saved 2.4 million direct, indirect or induced jobs.

Rick Fedrizzi, president and CEO of USGBC was quoted in a news release: “Our goal is for the phrase ‘green building’ to become obsolete, by making all building and retrofits green – and transforming every job in our industry into a green job.”

The economic impact of the total green construction market:

Contribution to the U.S. gross domestic product (GDP):

  • 2000-2008: $173 billion
  • 2009-2013 forecast: $554 billion

Jobs created or saved (includes direct, indirect and induced jobs):

  • 2000-2008: 2.4 million
  • 2009-2013 forecast: 7.9 million

Wages:

  • 2000-2008: $123 billion
  • 2009-2013 forecast: $396 billion

Energy savings:

  • 2000-2008: $1.3 billion saved
  • 2009-2013 forecast: $6 billion saved

The economic impact of LEED-specific spending*:

Contribution to the U.S. gross domestic product (GDP):

  • 2000-2008: $830 million
  • 2009-2013 forecast: $12.5 billion

Jobs created or saved (includes direct, indirect and induced jobs):

  • 2000-2008: 15,000
  • 2009-2013 forecast: 230,000

Wages:

  • 2000-2008: $703 million
  • 2009-2013 forecast: $10.7 billion

Energy savings:

  • 2000-2008: $281 million saved
  • 2009-2013 forecast: $4.8 billion saved

*These figures only account for LEED-specific spending, not the value of LEED-certified buildings as a whole.

According to USGBC, buildings account for 39 percent of CO2 emissions, 40 percent of energy consumption, 13 percent water consumption and 15 percent of GDP per year.

Read the report

The U.S. Green Building Council’s Greenbuild International Conference & Expo 2009 is now in progress in Phoenix, Arizona. This year’s Greenbuild will feature a presentation on the Sustainable Sites Initiative, a new rating system for sustainable landscapes that will also be incorporated into LEED. Go to www.greenbuildexpo.org for more information.

Image credit: Image credit: California Academy of Sciences, San Francisco, CA. SWA Group, Sausalito, CA

One thought on “Green Construction Will Add $554 Billion to U.S. GDP by 2013, Create 8 Million New Jobs

  1. Laura 12/12/2009 / 4:18 pm

    Cool Blog. I like your posts.

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