Employment Projections

Personal consumption expenditures

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 4.4 Personal consumption expenditures, 1992, 2002, 2012, and projected 2022

Category

Billions of chained 2005 dollars

Annual rate of change

1992

2002

2012

2022

1992—2002

2002—12

2012—22

Personal consumption expenditures

$5,503.2

$8,018.3

$9,603.3

$12,380.1

3.8

1.8

2.6

Durable goods

423.1

927.9

1,361.0

1,935.7

8.2

3.9

3.6

Motor vehicles and parts

231.5

394.0

373.3

523.3

5.5

-0.5

3.4

Other durable goods

205.5

536.2

995.5

1,439.0

10.1

6.4

3.8

Nondurable goods

1,316.8

1,780.1

2,094.5

2,556.6

3.1

1.6

2.0

Food

526.5

608.9

685.8

766.2

1.5

1.2

1.1

Gasoline

249.1

294.0

268.6

287.6

1.7

-0.9

0.7

Other nondurable goods

566.3

880.8

1,154.9

1,544.2

4.5

2.7

2.9

Services

3,861.6

5,318.5

6,176.6

7,973.1

3.3

1.5

2.6

Housing services

1,129.7

1,461.9

1,677.7

2,060.6

2.6

1.4

2.1

Imputed rent

678.0

933.5

1,084.3

1,365.3

3.3

1.5

2.3

Natural gas

63.5

61.2

57.4

63.2

-0.4

-0.6

1.0

Electricity

93.1

118.6

126.6

160.7

2.4

0.7

2.4

Other housing services

299.5

348.9

408.6

471.1

1.5

1.6

1.4

Medical services

916.5

1,202.5

1,516.8

2,071.3

2.8

2.3

3.2

Other services

1,819.0

2,654.1

2,980.8

3,833.9

3.9

1.2

2.5

Residual1

-145.4

-14.6

-49.3

-145.8

-

-

-

Footnotes:
1 The residual is the difference between the first line and the sum of the most detailed lines.
Note: Dash indicates data not computable or not applicable.

Source: Historical data: Bureau of Economic Analysis; Projected data: Bureau of Labor Statistics.

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Last Modified Date: January 2, 2014

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