Year GDP Growth% 2011 14929 4.0 2012 15549 4.2 2013 16034 3.1 2014 16646 3.8 2015 17632 5.9 2016 18792 6.6 2017 19959 6.2 2018 20943 4.9 2019 21890 4.5 2020 22854 4.4 2021 23842 4.3 2022 24858 4.3 2023 25910 4.2 2024 26946 4.0 2025 28024 4.0 2026 29145 4.0 2027 30311 2028 31523 2029 32784 2030 34095 2031 35459 2032 36878 2033 38353 2034 39887 2035 41482 2036 43142 2037 44867 2038 46662 2039 48528 2040 50470 4.0
Sunday, October 20, 2013
GDP Projections
The CBO makes projections based on a percent of GDP. Well, what is GDP? Here is a calculation of projected GDP. Numbers through 2023 come from http://www.cbo.gov/sites/default/files/cbofiles/attachments/43902_EconomicBaselineProjections.xls. This was issued in February 2013, and I can't find any more recent numbers. After 2023, I am just using a 4% growth rate, which assumes 2% real GDP growth and 2% inflation. This is fiscal year, not calendar year.
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