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Category |
2002 |
2012 |
2022 |
2032 |
Compound annual rate of change, 2002–12 |
Compound annual rate of change, 2012–22 |
Compound annual rate of change, 2022–32 |
---|---|---|---|---|---|---|---|
Inflation and monetary policy-related: |
|||||||
Federal funds rate (percent) |
1.7 |
0.1 |
1.7 |
2.8 |
-21.9 |
28.2 |
5.4 |
Ninety-day Treasury bill rate (percent) |
1.6 |
0.1 |
2.1 |
2.6 |
-25.5 |
37.6 |
2.3 |
Yields on ten-year Treasury notes (percent) |
4.6 |
1.8 |
3.0 |
3.5 |
-9.0 |
5.1 |
1.7 |
Consumer Price Index (Compound Annual Growth Rate) |
— |
— |
— |
— |
2.5 |
2.5 |
2.2 |
Gross Domestic Product, Price Index (Compound Annual Growth Rate) |
— |
— |
— |
— |
2.1 |
2.4 |
2.3 |
Fiscal policy, tax-related: |
|||||||
Effective Federal marginal tax rate on wages and salaries (percent) |
22.5 |
21.4 |
21.4 |
21.4 |
-0.5 |
0.0 |
0.0 |
Effective Federal marginal tax rate on interest income (percent) |
24.5 |
23.0 |
25.0 |
25.0 |
-0.6 |
0.8 |
0.0 |
Effective Federal marginal tax rate on dividend income (percent) |
28.0 |
22.5 |
28.0 |
28.0 |
-2.1 |
2.2 |
0.0 |
Effective Federal marginal tax rate on capital gains (percent) |
18.8 |
15.0 |
20.0 |
20.0 |
-2.2 |
2.9 |
0.0 |
Maximum Federal corporate rate (percent) |
35.0 |
35.0 |
21.0 |
21.0 |
0.0 |
-5.0 |
0.0 |
Fiscal policy, Government outlays-related: |
|||||||
Defense Intermediate goods and services purchased |
179.3 |
268.7 |
232.9 |
242.6 |
4.1 |
-1.4 |
0.4 |
Defense gross investment |
116.0 |
163.8 |
168.8 |
171.0 |
3.5 |
0.3 |
0.1 |
Nondefense Intermediate goods and services purchased |
78.0 |
114.2 |
187.4 |
169.2 |
3.9 |
5.1 |
-1.0 |
Nondefense gross investment |
93.5 |
123.5 |
157.8 |
151.9 |
2.8 |
2.5 |
-0.4 |
Federal grants-in-aid, medicaid and other (billions of current dollars) |
288.7 |
444.4 |
943.0 |
1,095.7 |
4.4 |
7.8 |
1.5 |
Federal transfer payments, medicare (billions of current dollars) |
259.7 |
554.7 |
920.4 |
1,837.7 |
7.9 |
5.2 |
7.2 |
Energy-related: |
|||||||
Price of West Texas Intermediate Crude Oil (nominal dollars per barrel) |
26.1 |
94.2 |
94.8 |
74.0 |
13.7 |
0.1 |
-2.4 |
Price of Brent Crude Oil (nominal dollars per barrel) |
24.9 |
111.8 |
100.7 |
76.5 |
16.2 |
-1.0 |
-2.7 |
Price of Natural Gas (nominal dollars per mil. BTUs) |
2.7 |
2.6 |
5.4 |
2.4 |
-0.5 |
7.8 |
-7.9 |
Domestic oil production (billions of barrels) |
2.1 |
2.4 |
4.4 |
5.4 |
1.3 |
6.2 |
2.1 |
Note: Dash indicates data that is not computable or not applicable. Source: Historical data: U.S. Federal Reserve Board, U.S. Bureau of Economic Analysis, U.S. Energy Information Administration, U.S. Census Bureau; Projected data: U.S. Bureau of Labor Statistics, U.S. Energy Information Administration, U.S. Census Bureau |
Last Modified Date: September 6, 2023