Macro Projections Evaluation: 2008–2018

GDP projections, actual, and potential (in millions, $2012)
Year	BLS Projection	BEA Actual	Potential
1998		12,038.3	11,884.125
1999		12,610.50	12,392.25
2000		13,131.0	12,917.7
2001		13,262.1	13,401.775
2002		13,493.1	13,810.525
2003		13,879.1	14,182.475
2004		14,406.4	14,562.125
2005		14,912.5	14,946.825
2006		15,338.3	15,281.825
2007		15,626	15,579.575
2008		15,604.7	15,867.95
2009		15,208.8	16,105.7
2010		15,598.8	16,279.575
2011		15,840.7	16,472.725
2012		16,197	16,711.725
2013		16,495.4	16,987.275
2014		16,912	17,279.425
2015		17,403.8	17,584.65
2016		17,688.9	17,892.425
2017		18,108.1	18,197.7
2018	19,736.91,363	18,638.2	18,535.8

Unemployment rate, projected, actual, and potential
Year	BLS Projected	Actual Unemp Rate	Potential
1998		4.5	5.2895
1999		4.2	5.25
2000		4	5.20875
2001		4.7	5.16675
2002		5.8	5.124
2003		6	5.082
2004		5.5	5.0425
2005		5.1	5.0075
2006		4.6	4.97875
2007		4.6	4.92725
2008		5.8	4.88625
2009		9.3	4.938
2010		9.6	5.03575
2011		8.9	5.07575
2012		8.1	5.028
2013		7.4	4.92525
2014		6.2	4.80825
2015		5.3	4.68875
2016		4.9	4.63025
2017		4.4	4.609
2018	5.1	3.9	4.5895
Source: Bureau of Labor Statistics Current Population Survey, Congressional Budget Office, 2008-2018 Bureau of Labor Statistics

Last Modified Date: March 16, 2020