Employment Projections

Real gross domestic product by major demand category

This table also can be found in the article, "The U.S. economy to 2022: settling into a new normal," published in the December 2013 Monthly Labor Review.

Other available formats: (XLS)

Table 4.2 Real gross domestic product by major demand category, 1992, 2002, 2012, and projected 2022

Category

Billions of chained 2005 dollars

Annual rate of change

Contribution to percent change in real GDP

1992

2002

2012

2022

1992—2002

2002—12

2012—22

1992—2002

2002—12

2012—22

Gross domestic product

$8,280.0

$11,543.2

$13,593.3

$17,584.2

3.4

1.6

2.6

3.4

1.6

2.6

Personal consumption expenditures

5,503.2

8,018.3

9,603.3

12,380.1

3.8

1.8

2.6

2.5

1.3

1.8

Gross private domestic investment

983.1

1,800.4

1,914.4

3,038.2

6.2

0.6

4.7

1.0

0.1

0.7

Exports

683.5

1,098.4

1,837.4

3,117.7

4.9

5.3

5.4

0.5

0.5

0.8

Imports1

718.7

1,646.8

2,238.1

3,296.8

8.6

3.1

3.9

-1.0

-0.5

-0.7

Government consumption expenditures and gross investment

1,893.2

2,279.7

2,481.1

2,487.0

1.9

0.9

0.0

0.3

0.2

0.0

Federal defense

549.8

505.3

677.2

560.0

-0.8

3.0

-1.9

-0.1

0.2

-0.1

Federal nondefense

233.3

274.0

347.1

302.1

1.6

2.4

-1.4

0.0

0.1

0.0

State and local

1,107.6

1,500.7

1,461.7

1,615.1

3.1

-0.3

1.0

0.3

0.0

0.1

Residual2

-61.8

-6.9

-9.7

-132.1

-

-

-

-

-

-

Addendum:

GDP per capita, chained 2005 dollars

32,226.7

40,090.9

43,152.3

51,834.7

2.2

0.7

1.9

-

-

-

Footnotes:
1 Imports are subtracted from the other components of GDP because they are not produced in the United States.
2 The residual is calculated as real gross domestic product, plus imports, less other components.

Note: Dash indicates data not computable or not applicable.


Source: Employment Projections program, Department of Labor, Bureau of Labor Statistics

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Last Modified Date: January 2, 2014

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