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Employment Projections
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Real gross domestic product by major demand category
Other available formats: (XLSX)
| Category | 2003 | 2013 | 2023 | 2033 | Compound annual rate of change, 2003-13 | Compound annual rate of change, 2013-23 | Compound annual rate of change, 2023-33 |
|---|---|---|---|---|---|---|---|
|
Gross domestic product[1] |
14,877.3 | 17,812.2 | 22,339.2 | 26,929.6 | 1.8 | 2.3 | 1.9 |
|
Personal consumption expenditures |
9,937.5 | 11,889.9 | 15,414.9 | 19,238.1 | 1.8 | 2.6 | 2.2 |
|
Gross private domestic investment[1] |
2,386.4 | 2,938.7 | 4,042.6 | 5,121.5 | 2.1 | 3.2 | 2.4 |
|
Nonresidential equipment |
615.3 | 1,006.5 | 1,249.7 | 1,674.0 | 5.0 | 2.2 | 3.0 |
|
Nonresidential intellectual property products |
436.4 | 695.0 | 1,397.7 | 1,853.5 | 4.8 | 7.2 | 2.9 |
|
Nonresidential structures |
502.3 | 537.3 | 623.3 | 680.7 | 0.7 | 1.5 | 0.9 |
|
Residential structures |
932.7 | 601.1 | 733.0 | 889.8 | -4.3 | 2.0 | 2.0 |
|
Change in private inventories |
20.1 | 103.5 | 37.4 | 68.4 | 17.8 | -9.7 | 6.2 |
|
Exports |
1,250.2 | 2,190.3 | 2,497.7 | 3,415.6 | 5.8 | 1.3 | 3.2 |
|
Imports[2] |
1,842.2 | 2,494.6 | 3,434.4 | 4,819.5 | 3.1 | 3.2 | 3.4 |
|
Government consumption expenditures and gross investment[1] |
3,153.9 | 3,275.6 | 3,810.4 | 3,940.0 | 0.4 | 1.5 | 0.3 |
|
Federal defense, consumption expenditures |
555.8 | 635.4 | 635.9 | 651.1 | 1.3 | 0.0 | 0.2 |
|
Federal defense, gross investment |
128.5 | 157.0 | 189.0 | 194.0 | 2.0 | 1.9 | 0.3 |
|
Federal nondefense, consumption expenditures |
306.0 | 370.9 | 454.5 | 471.6 | 1.9 | 2.1 | 0.4 |
|
Federal nondefense, gross investment |
100.2 | 120.3 | 198.3 | 183.2 | 1.8 | 5.1 | -0.8 |
|
State and local, consumption expenditures |
1,657.8 | 1,640.9 | 1,916.1 | 1,971.3 | -0.1 | 1.6 | 0.3 |
|
State and local, gross investment |
419.0 | 350.8 | 417.3 | 462.4 | -1.8 | 1.8 | 1.0 |
|
Addendum: |
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|
GDP per capita, chained 2017 dollars |
51,220.3 | 56,216.5 | 66,069.2 | 77,228.1 | 0.9 | 1.6 | 1.6 |
|
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 29, 2024