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Employment Projections

Nominal gross domestic product by major demand category

Other available formats: (XLSX)
Table 4.3 Nominal gross domestic product by major demand category, 2003, 2013, 2023, and projected 2033
(Numbers in billions of current dollars)
Category 2003 2013 2023 2033 Percent distribution, 2003 Percent distribution, 2013 Percent distribution, 2023 Percent distribution, 2033

Gross Domestic Product[1]

11,456.4 16,880.7 27,360.9 40,855.7 100.0 100.0 100.0 100.0

Personal consumption expenditures

7,740.7 11,388.2 18,570.6 28,098.8 67.6 67.5 67.9 68.8

Gross private domestic investment[1]

2,027.1 2,838.3 4,843.9 7,030.1 17.7 16.8 17.7 17.2

Nonresidential equipment

670.6 1,035.2 1,381.4 1,933.1 5.9 6.1 5.0 4.7

Nonresidential intellectual property products

418.7 694.6 1,495.0 2,123.6 3.7 4.1 5.5 5.2

Nonresidential structures

286.6 491.5 839.8 1,142.9 2.5 2.9 3.1 2.8

Residential structures

637.1 511.5 1,074.2 1,733.5 5.6 3.0 3.9 4.2

Change in private inventories

14.1 105.5 53.6 97.0 0.1 0.6 0.2 0.2

Exports

1,035.2 2,287.9 3,027.2 4,926.0 9.0 13.6 11.1 12.1

Imports[2]

1,557.1 2,766.4 3,825.9 5,618.4 13.6 16.4 14.0 13.8

Government consumption expenditures and gross investment[1]

2,210.6 3,132.6 4,745.1 6,419.3 19.3 18.6 17.3 15.7

Federal defense, consumption expenditures

411.2 610.3 777.1 997.7 3.6 3.6 2.8 2.4

Federal defense, gross investment

110.0 154.0 217.6 252.8 1.0 0.9 0.8 0.6

Federal nondefense, consumption expenditures

220.4 346.1 552.1 731.9 1.9 2.1 2.0 1.8

Federal nondefense gross investment

85.1 116.9 225.0 241.6 0.7 0.7 0.8 0.6

State and local, consumption expenditures

1,114.8 1,574.3 2,423.5 3,388.7 9.7 9.3 8.9 8.3

State and local, gross investment

269.1 330.9 549.9 806.6 2.3 2.0 2.0 2.0

Footnotes:

[1] Individual components may not sum to aggregates because of rounding.

[2] Imports are subtracted from the other components of GDP because they are not produced in the United States.

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

Last Modified Date: August 29, 2024