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.

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
  

No comments:

Post a Comment