Government consumption expenditures and gross investment

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Table 4.8 Government consumption expenditures and gross investment

Category

Billions of chained 2012 dollars

Annual rate of change

1998

2008

2018

2028

1998–08

2008–18

2018–28

Government consumption expenditures and gross investment

$2,533.0

$3,195.6

$3,177.8

$3,269.8

2.4

-0.1

0.3

Federal Government consumption and investment

850.5

1,218.8

1,227.8

1,207.2

3.7

0.1

-0.2

Defense consumption and investment

543.3

791.5

738.2

727.0

3.8

-0.7

-0.2

Consumption expenditures

453.2

616.7

587.3

568.4

3.1

-0.5

-0.3

Compensation, military

133.4

149.9

146.4

153.5

1.2

-0.2

0.5

Compensation, civilian

77.7

78.0

84.9

86.3

0.0

0.9

0.2

Consumption of fixed capital

126.8

145.5

151.1

147.1

1.4

0.4

-0.3

Intermediate goods and services purchased

132.1

267.9

231.8

210.4

7.3

-1.4

-1.0

Less own-account investment

12.8

20.4

23.4

23.6

4.8

1.4

0.1

Less sales to other sectors

2.8

4.1

3.5

3.3

4.0

-1.6

-0.5

Gross Investment

93.6

174.6

151.1

157.7

6.4

-1.4

0.4

Own-account investment

12.8

20.4

23.4

23.6

4.8

1.4

0.1

Other investment

80.8

154.2

127.7

134.2

6.7

-1.9

0.5

Nondefense consumption and investment

307.4

427.3

489.1

479.8

3.3

1.4

-0.2

Consumption expenditures

225.5

318.1

365.3

353.4

3.5

1.4

-0.3

Compensation

132.4

147.7

159.6

162.4

1.1

0.8

0.2

Consumption of fixed capital

63.4

85.2

106.5

114.5

3.0

2.3

0.7

Commodity credit corporation purchases

0.5

-0.6

0.0

0.0

Other intermediate goods and services purchased

53.4

106.5

121.9

100.3

7.1

1.4

-1.9

Less own-account investment

15.1

15.5

16.6

16.8

0.3

0.7

0.1

Less sales to other sectors

7.0

5.5

5.4

5.9

-2.4

-0.2

1.0

Gross investment

81.4

109.2

123.8

127.0

3.0

1.3

0.3

Own-account investment

15.1

15.5

16.6

16.8

0.3

0.7

0.1

Other investment

66.6

93.7

107.2

110.2

3.5

1.4

0.3

State and local government consumption and investment

1,692.4

1,978.7

1,948.9

2,054.6

1.6

-0.2

0.5

Consumption expenditures

1,378.0

1,591.8

1,600.3

1,668.1

1.5

0.1

0.4

Compensation

1,076.9

1,197.9

1,169.4

1,253.2

1.1

-0.2

0.7

Consumption of fixed capital

118.3

167.4

191.5

224.0

3.5

1.4

1.6

Intermediate goods and services purchased

538.6

653.9

741.2

844.3

2.0

1.3

1.3

Less own-account investment

27.8

38.8

38.1

40.9

3.4

-0.2

0.7

Less sales to other sectors

327.7

388.0

457.6

606.0

1.7

1.7

2.8

Gross investment

314.6

386.8

348.7

387.4

2.1

-1.0

1.1

Own-account investment

27.8

38.8

38.1

40.9

3.4

-0.2

0.7

Other investment

287.1

347.9

310.5

346.4

1.9

-1.1

1.1

 

Residual1

46.0

83.1

101.1

112.9

Footnotes:
  1 The residual is the difference between the first line and the sum of the most detailed lines.
Note: Dash indicates data not computable or not applicable.
Source: Historical data: Bureau of Economic Analysis; Projected data: Bureau of Labor Statistics.

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Last Modified Date: September 4, 2019