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Employment Projections

Nominal gross domestic product by major demand category

Other available formats: (XLSX)
Table 4.3 Nominal gross domestic product by major demand category, 2002, 2012, 2022, and projected 2032
(Numbers in billions of current dollars)

Category

2002

2012

2022

2032

Percent distribution, 2002

Percent distribution, 2012

Percent distribution, 2022

Percent distribution, 2032

Gross domestic product

10,929.1

16,254.0

25,461.3

38,633.8

100.0

100.0

100.0

100.0

Personal consumption expenditures

7,348.9

11,047.4

17,362.5

26,510.5

67.2

68.0

68.2

68.6

Gross private domestic investment

1,930.4

2,621.8

4,625.1

6,612.8

17.7

16.1

18.2

17.1

Exports

998.0

2,217.7

2,980.7

4,673.6

9.1

13.6

11.7

12.1

Imports(1)

1,437.7

2,769.3

3,953.3

5,460.8

13.2

17.0

15.5

14.1

Government consumption expenditures and gross investment

2,089.5

3,136.5

4,446.3

6,297.6

19.1

19.3

17.5

16.3

Federal defense

458.9

814.2

925.0

1,190.7

4.2

5.0

3.6

3.1

Federal nondefense

284.2

472.8

721.7

939.4

2.6

2.9

2.8

2.4

State and local

1,346.4

1,849.5

2,799.6

4,167.6

12.3

11.4

11.0

10.8

Footnotes:
  (1) Imports are subtracted from the other components of GDP because they are not produced in the United States.
Source: Historical data: U.S. Bureau of Economic Analysis; Projected data: U.S. Bureau of Labor Statistics

Last Modified Date: September 6, 2023