Employment Projections

Personal consumption expenditures

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 4.4 Personal consumption expenditures, 1994, 2004, 2014, and projected 2024

Category

Billions of chained 2009 dollars

Annual
rate of change

1994

2004

2014

2024

1994–2004

2004–14

2014–24

Personal consumption expenditures

$6,338.0

$9,208.2

$10,969.1

$13,862.2

3.8

1.8

2.4

Durable goods

457.0

992.9

1,410.0

1,937.4

8.1

3.6

3.2

Motor vehicles and parts

252.6

405.5

405.0

479.0

4.8

0.0

1.7

Other durable goods

222.3

592.3

1,008.2

1,496.6

10.3

5.5

4.0

Nondurable goods

1,527.2

2,063.6

2,364.8

2,879.2

3.1

1.4

2.0

Food

618.4

729.8

809.7

946.2

1.7

1.0

1.6

Gasoline

272.3

299.3

274.5

297.4

0.9

-0.9

0.8

Other nondurable goods

664.0

1,030.8

1,292.6

1,667.6

4.5

2.3

2.6

Services

4,485.2

6,156.6

7,218.6

9,114.1

3.2

1.6

2.4

Housing services

1,356.6

1,717.9

1,981.7

2,411.8

2.4

1.4

2.0

Imputed rent

810.2

1,104.7

1,253.6

1,567.1

3.1

1.3

2.3

Natural gas

58.2

56.2

56.0

54.9

-0.4

0.0

-0.2

Electricity

128.4

157.0

163.8

199.4

2.0

0.4

2.0

Other housing services

361.8

398.8

508.5

588.7

1.0

2.5

1.5

Medical services

1,046.1

1,442.3

1,830.7

2,466.6

3.3

2.4

3.0

Other services

2,089.3

2,995.3

3,404.9

4,230.6

3.7

1.3

2.2

Residual(1)

-185.6

-3.7

-38.4

-131.7

-

-

-

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: Employment Projections program, U.S. Bureau of Labor Statistics.

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Last Modified Date: December 8, 2015

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