Employment Projections

Government consumption expenditures and gross investment

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 4.8 Government consumption expenditures and gross investment, 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

Government consumption expenditures and gross investment

$2,245.6

$2,808.2

$2,889.7

$3,124.6

2.3

0.3

0.8

Federal Government consumption and investment

844.8

1,017.1

1,123.5

1,117.6

1.9

1.0

-0.1

Defense consumption and investment

565.5

652.7

702.4

698.7

1.4

0.7

-0.1

Consumption expenditures

466.9

520.0

567.8

545.9

1.1

0.9

-0.4

Compensation, military

144.4

140.3

141.4

141.0

-0.3

0.1

0.0

Compensation, civilian

91.1

69.9

79.0

80.0

-2.6

1.2

0.1

Consumption of fixed capital

128.9

118.5

154.7

142.8

-0.8

2.7

-0.8

Intermediate goods and services purchased

129.9

211.1

216.5

207.2

5.0

0.3

-0.4

Less own-account investment

13.3

16.2

20.0

21.3

2.0

2.1

0.6

Less sales to other sectors

7.3

3.1

3.3

2.9

-8.1

0.6

-1.5

Gross Investment

101.1

133.2

134.1

153.3

2.8

0.1

1.3

Own-account investment

13.3

16.2

20.0

21.3

2.0

2.1

0.6

Other investment

87.7

117.0

114.0

132.0

2.9

-0.3

1.5

Nondefense consumption and investment

280.3

364.5

421.0

419.0

2.7

1.5

0.0

Consumption expenditures

210.3

270.4

315.8

308.8

2.5

1.6

-0.2

Compensation

133.2

133.6

148.0

147.9

0.0

1.0

0.0

Consumption of fixed capital

54.5

71.8

95.1

105.8

2.8

2.9

1.1

Commodity credit corporation purchases

-0.6

-1.0

-0.2

0.0

5.2

-17.7

-

Other

50.4

85.7

91.5

73.3

5.5

0.7

-2.2

Less own-account investment

14.8

15.2

12.9

13.0

0.2

-1.6

0.1

Less sales to other sectors

6.8

4.1

5.4

4.3

-5.0

2.8

-2.1

Gross investment

70.9

94.2

105.0

110.3

2.9

1.1

0.5

Own-account investment

14.8

15.2

12.9

13.0

0.2

-1.6

0.1

Other investment

56.6

79.0

92.1

97.3

3.4

1.5

0.5

State and local government consumption and investment

1,394.5

1,792.8

1,765.2

2,000.9

2.5

-0.2

1.3

Consumption expenditures

1,152.6

1,431.8

1,460.0

1,638.2

2.2

0.2

1.2

Compensation

960.4

1,102.9

1,118.7

1,205.4

1.4

0.1

0.7

Consumption of fixed capital

95.9

141.6

173.4

204.0

4.0

2.0

1.6

Intermediate goods and services purchased

394.5

575.3

592.5

659.2

3.8

0.3

1.1

Less own-account investment

22.5

32.0

33.4

38.8

3.6

0.4

1.5

Less sales to other sectors

270.0

356.7

391.5

394.1

2.8

0.9

0.1

Gross investment

242.7

361.6

304.4

361.6

4.1

-1.7

1.7

Own-account investment

22.5

32.0

33.4

38.8

3.6

0.4

1.5

Other investment

220.3

329.9

271.0

322.7

4.1

-1.9

1.8

Residual(1)

37.2

68.3

97.3

113.1

-

-

-

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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