Nominal gross domestic product by major demand category

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Table 4.3 Nominal gross domestic product by major demand category

Category

Billions of current dollars

Percent distribution

1998

2008

2018

2028

1998

2008

2018

2028

Gross domestic product

$9,062.8

$14,712.8

$20,494.1

$30,493.1

100.0

100.0

100.0

100.0

Personal consumption expenditures

5,877.2

9,976.3

13,948.5

20,750.4

64.8

67.8

68.1

68.0

Gross private domestic investment

1,736.7

2,477.6

3,650.1

5,822.0

19.2

16.8

17.8

19.1

Exports

953.0

1,837.1

2,531.3

3,891.0

10.5

12.5

12.4

12.8

Imports1

1,115.7

2,560.1

3,156.7

4,711.5

12.3

17.4

15.4

15.5

Government consumption expenditures and gross investment

1,611.6

2,982.0

3,520.8

4,741.3

17.8

20.3

17.2

15.5

Federal defense

368.8

750.3

778.9

945.5

4.1

5.1

3.8

3.1

Federal nondefense

216.8

400.2

540.9

632.1

2.4

2.7

2.6

2.1

State and local

1,026.1

1,831.4

2,201.0

3,163.7

11.3

12.4

10.7

10.4

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: Bureau of Labor Statistics.

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Last Modified Date: September 4, 2019