Nominal gross domestic product by major demand category

This table also can be found in the article, "The U.S. economy to 2024," published in the December 2015 Monthly Labor Review.

Other available formats: (XLSX)
Table 4.3 Nominal gross domestic product by major demand category, 1994, 2004, 2014, and projected 2024

Category

Billions of dollars

Percent distribution

1994

2004

2014

2024

1994

2004

2014

2024

Gross domestic product

$7,308.8

$12,274.9

$17,418.9

$26,563.6

100.0

100.0

100.0

100.0

Personal consumption expenditures

4,741.0

8,260.0

11,930.3

18,235.3

64.9

67.3

68.5

68.6

Gross private domestic investment

1,256.5

2,276.7

2,851.6

4,639.8

17.2

18.5

16.4

17.5

Exports

720.9

1,181.5

2,336.9

3,795.7

9.9

9.6

13.4

14.3

Imports(1)

813.4

1,800.7

2,875.2

4,550.7

11.1

14.7

16.5

17.1

Government consumption expenditures and gross investment

1,403.7

2,357.4

3,175.2

4,443.5

19.2

19.2

18.2

16.7

Federal defense

380.3

570.2

761.5

923.0

5.2

4.6

4.4

3.5

Federal nondefense

192.4

322.1

457.6

534.6

2.6

2.6

2.6

2.0

State and local

831.0

1,465.1

1,956.1

2,985.9

11.4

11.9

11.2

11.2

Footnotes:
  1 Imports are subtracted from the other components of GDP because they are not produced in the United States.

Source: Historical data: Bureau of Economic Analysis; Projected data: Employment Projections program, U.S. Bureau of Labor Statistics.

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Last Modified Date: December 8, 2015