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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, 1999, 2009, 2019, and projected 2029

Category

Billions of current dollars

Percent distribution

1999

2009

2019

2029

1999

2009

2019

2029

Gross domestic product

$9,630.7

$14,448.9

$21,427.7

$31,312.5

100.0

100.0

100.0

100.0

Personal consumption expenditures

6,279.1

9,842.2

14,562.7

21,241.7

65.2

68.1

68.0

67.8

Gross private domestic investment

1,887.1

1,929.7

3,743.9

5,737.3

19.6

13.4

17.5

18.3

Exports

992.8

1,582.0

2,504.3

3,815.2

10.3

10.9

11.7

12.2

Imports(1)

1,248.6

1,978.4

3,136.1

4,602.8

13.0

13.7

14.6

14.7

Government consumption expenditures and gross investment

1,720.4

3,073.5

3,753.0

5,121.2

17.9

21.3

17.5

16.4

Federal defense

383.3

787.6

846.2

1,016.9

4.0

5.5

3.9

3.2

Federal nondefense

228.1

430.6

576.8

689.0

2.4

3.0

2.7

2.2

State and local

1,109.0

1,855.3

2,330.0

3,415.3

11.5

12.8

10.9

10.9

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.

 

Last Modified Date: September 4, 2020