Employment Projections

Real gross domestic product by major demand category

This table also can be found in the article, "The U.S. economy to 2024," published in the December 2015 Monthly Labor Review.

Other available formats: (XLSX)

Table 4.2 Real gross domestic product by major demand category, 1994, 2004, 2014, and projected 2024

Category

Billions of chained 2009 dollars

Annual
rate of change

Contribution to percent change
in real GDP

1994

2004

2014

2024

1994–2004

2004–14

2014–24

1994–2004

2004–14

2014–24

Gross domestic product

$9,905.4

$13,773.5

$16,085.6

$19,917.9

3.4

1.6

2.2

3.4

1.6

2.2

Personal consumption expenditures

6,338.0

9,208.2

10,969.1

13,862.2

3.8

1.8

2.4

2.5

1.3

1.6

Gross private domestic investment

1,502.2

2,511.3

2,704.7

3,610.9

5.3

0.7

2.9

1.0

0.2

0.5

Exports

826.5

1,300.5

2,084.6

3,090.8

4.6

4.8

4.0

0.5

0.6

0.5

Imports(1)

937.5

2,035.4

2,537.3

3,716.7

8.1

2.2

3.9

-1.0

-0.5

-0.6

Government consumption expenditures and gross investment

2,245.6

2,808.2

2,889.7

3,124.6

2.3

0.3

0.8

0.4

0.1

0.1

Federal defense

565.5

652.7

702.4

698.7

1.4

0.7

-0.1

0.0

0.1

0.0

Federal nondefense

280.3

364.5

421.0

419.0

2.7

1.5

0.0

0.1

0.0

0.0

State and local

1,394.5

1,792.8

1,765.2

2,000.9

2.5

-0.2

1.3

0.3

0.0

0.1

Residual(2)

-64.1

-21.2

-24.1

-47.9

-

-

-

-

-

-

Addendum:

GDP per capita, chained 2009 dollars

37,589.1

46,985.4

50,413.0

57,917.6

2.3

0.7

1.4

-

-

-

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: Historical data: Bureau of Economic Analysis; Projected data: Employment Projections program, U.S. Bureau of Labor Statistics.

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Last Modified Date: December 8, 2015

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