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Employment Projections
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Real gross domestic product by major demand category
Other available formats: (XLSX)
| Category | 2004 | 2014 | 2024 | 2034 | Compound annual rate of change, 2004–14 |
Compound annual rate of change, 2014–24 |
Compound annual rate of change, 2024–34 |
|---|---|---|---|---|---|---|---|
|
Gross domestic product[1] |
15,449.7 | 18,261.7 | 23,302.2 | 27,930.5 | 1.7 | 2.5 | 1.8 |
|
Personal consumption expenditures |
10,312.2 | 12,226.4 | 16,054.3 | 20,218.8 | 1.7 | 2.8 | 2.3 |
|
Gross private domestic investment[1] |
2,607.0 | 3,129.0 | 4,336.2 | 5,292.0 | 1.8 | 3.3 | 2.0 |
|
Nonresidential equipment |
667.9 | 1,086.0 | 1,329.2 | 1,745.1 | 5.0 | 2.0 | 2.8 |
|
Nonresidential intellectual property products |
457.9 | 739.1 | 1,505.3 | 1,993.9 | 4.9 | 7.4 | 2.9 |
|
Nonresidential structures |
502.0 | 597.2 | 675.4 | 706.7 | 1.8 | 1.2 | 0.5 |
|
Residential structures |
1,025.7 | 626.8 | 794.8 | 866.4 | -4.8 | 2.4 | 0.9 |
|
Change in private inventories |
79.0 | 85.1 | 37.9 | 58.2 | 0.7 | -7.8 | 4.4 |
|
Exports |
1,370.8 | 2,275.8 | 2,605.4 | 3,420.3 | 5.2 | 1.4 | 2.8 |
|
Imports[2] |
2,044.5 | 2,623.4 | 3,642.5 | 5,046.1 | 2.5 | 3.3 | 3.3 |
|
Government consumption expenditures and gross investment[1] |
3,202.2 | 3,247.3 | 3,940.4 | 3,960.9 | 0.1 | 2.0 | 0.1 |
|
Federal defense, consumption expenditures |
583.4 | 612.4 | 651.5 | 671.8 | 0.5 | 0.6 | 0.3 |
|
Federal defense, gross investment |
139.2 | 148.1 | 200.1 | 202.7 | 0.6 | 3.1 | 0.1 |
|
Federal nondefense, consumption expenditures |
313.2 | 370.0 | 454.4 | 450.8 | 1.7 | 2.1 | -0.1 |
|
Federal nondefense, gross investment |
101.4 | 121.3 | 198.8 | 162.8 | 1.8 | 5.1 | -2.0 |
|
State and local, consumption expenditures |
1,659.6 | 1,642.8 | 1,979.9 | 1,990.7 | -0.1 | 1.9 | 0.1 |
|
State and local, gross investment |
414.5 | 352.5 | 453.5 | 472.2 | -1.6 | 2.6 | 0.4 |
|
Addendum: |
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|
GDP per capita, chained 2017 dollars |
52,703.5 | 57,188.1 | 68,478.5 | 79,845.4 | 0.8 | 1.8 | 1.5 |
|
Footnotes: [1] Individual components chain-weight to their aggregates, therefore their sum will not match the aggregates. Rounding also has a small effect on why individual components may not sum to the aggregates. [2] Imports are subtracted from the other components of GDP because they are not produced in the United States. Note: Historic data may differ slightly from the Bureau of Economic Analysis. This is due to differences in the precision of the multiplier used to convert nominal data to real. 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