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Employment Projections
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Nominal gross domestic product by major demand category
Other available formats: (XLSX)| Category | 2004 | 2014 | 2024 | 2034 | Percent distribution, 2004 | Percent distribution, 2014 | Percent distribution, 2024 | Percent distribution, 2034 |
|---|---|---|---|---|---|---|---|---|
|
Gross Domestic Product[1] |
12,217.2 | 17,608.1 | 29,179.1 | 44,202.4 | 100.0 | 100.0 | 100.0 | 100.0 |
|
Personal consumption expenditures |
8,232.0 | 11,874.5 | 19,826.1 | 30,918.9 | 67.4 | 67.4 | 67.9 | 69.9 |
|
Gross private domestic investment[1] |
2,281.3 | 3,074.0 | 5,272.9 | 7,396.8 | 18.7 | 17.5 | 18.1 | 16.7 |
|
Nonresidential equipment |
721.9 | 1,109.1 | 1,506.2 | 2,120.4 | 5.9 | 6.3 | 5.2 | 4.8 |
|
Nonresidential intellectual property products |
437.8 | 741.5 | 1,619.3 | 2,326.1 | 3.6 | 4.2 | 5.5 | 5.3 |
|
Nonresidential structures |
307.7 | 574.6 | 911.2 | 1,194.3 | 2.5 | 3.3 | 3.1 | 2.7 |
|
Residential structures |
749.8 | 564.0 | 1,185.7 | 1,670.2 | 6.1 | 3.2 | 4.1 | 3.8 |
|
Change in private inventories |
64.1 | 84.8 | 50.5 | 85.8 | 0.5 | 0.5 | 0.2 | 0.2 |
|
Exports |
1,176.4 | 2,378.5 | 3,178.9 | 4,906.6 | 9.6 | 13.5 | 10.9 | 11.1 |
|
Imports[2] |
1,810.5 | 2,887.4 | 4,087.7 | 5,644.4 | 14.8 | 16.4 | 14.0 | 12.8 |
|
Government consumption expenditures and gross investment[1] |
2,338.1 | 3,168.6 | 4,988.9 | 6,624.5 | 19.1 | 18.0 | 17.1 | 15.0 |
|
Federal defense, consumption expenditures |
448.9 | 597.1 | 837.3 | 1,065.2 | 3.7 | 3.4 | 2.9 | 2.4 |
|
Federal defense, gross investment |
121.0 | 146.9 | 232.4 | 265.1 | 1.0 | 0.8 | 0.8 | 0.6 |
|
Federal nondefense, consumption expenditures |
234.8 | 353.2 | 567.8 | 716.4 | 1.9 | 2.0 | 1.9 | 1.6 |
|
Federal nondefense, gross investment |
87.5 | 119.8 | 229.4 | 217.5 | 0.7 | 0.7 | 0.8 | 0.5 |
|
State and local, consumption expenditures |
1,168.2 | 1,612.0 | 2,511.5 | 3,516.1 | 9.6 | 9.2 | 8.6 | 8.0 |
|
State and local, gross investment |
277.8 | 339.5 | 610.4 | 844.3 | 2.3 | 1.9 | 2.1 | 1.9 |
|
Footnotes: [1] Individual components may not sum to aggregates because of rounding. [2] Imports are subtracted from the other components of GDP because they are not produced in the United States. Source: Historical data: U.S. Bureau of Economic Analysis. Projected data: Employment Projections program, U.S. Bureau of Labor Statistics |
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Last Modified Date: August 28, 2025