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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, 2005, 2015, 2025, and projected 2035
(Numbers in billions of current dollars)
Category 2005 2015 2025 2035 Percent distribution, 2005 Percent distribution, 2015 Percent distribution, 2025 Percent distribution, 2035

Gross Domestic Product

13,039.2 18,295.0 30,779.0 46,950.8 100.0 100.0 100.0 100.0

Personal consumption expenditures

8,769.1 12,297.4 20,960.8 32,790.8 67.3 67.2 68.1 69.8

Gross private domestic investment

2,534.7 3,288.5 5,463.1 8,175.4 19.4 18.0 17.7 17.4

Nonresidential equipment

794.9 1,144.1 1,643.2 2,352.3 6.1 6.3 5.3 5.0

Nonresidential intellectual property products

473.1 778.9 1,715.9 2,657.3 3.6 4.3 5.6 5.7

Nonresidential structures

353.0 584.5 895.4 1,320.7 2.7 3.2 2.9 2.8

Residential structures

856.2 640.9 1,192.1 1,681.5 6.6 3.5 3.9 3.6

Change in private inventories

57.5 140.1 16.6 163.6 0.4 0.8 0.1 0.3

Exports

1,301.6 2,270.6 3,324.7 5,144.5 10.0 12.4 10.8 11.0

Imports

2,041.5 2,794.9 4,245.5 6,067.6 15.7 15.3 13.8 12.9

Government consumption expenditures and gross investment

2,475.3 3,233.4 5,275.8 6,907.7 19.0 17.7 17.1 14.7

Federal defense, consumption expenditures

478.0 584.4 896.8 1,093.0 3.7 3.2 2.9 2.3

Federal defense, gross investment

131.5 145.9 246.6 295.7 1.0 0.8 0.8 0.6

Federal nondefense, consumption expenditures

247.8 367.3 598.7 713.9 1.9 2.0 1.9 1.5

Federal nondefense, gross investment

90.5 125.1 224.8 222.2 0.7 0.7 0.7 0.5

State and local, consumption expenditures

1,236.3 1,652.2 2,668.2 3,696.7 9.5 9.0 8.7 7.9

State and local, gross investment

291.3 358.4 640.7 886.2 2.2 2.0 2.1 1.9

Note:

GDP subcategories do not necessarily add to higher categories due to rounding.

Imports are subtracted from the other components of GDP because they are not produced in the United States.

Historical data are from the U.S. Bureau of Economic Analysis.

Source: U.S. Bureau of Labor Statistics.

Last modified date: August 27, 2026