Projected GDP through 2040

 I feel like making another financial projection of the deficit and the place to start is the GDP forecast.  My previous forecast assumed an average nominal GDP growth rate of 5.5%.  I think this is too high, and for here I am using a 4.2% average nominal GDP growth.  This comes from the Social Security projected growth rate using intermediate assumptions. The Social Security projections actually go out through 2100, but for this I will only go through 2040.  The 4.2% projections are actually higher than the ones CBO uses in their January 2025 report, which are about 3.8%.  The CBO projections never get adjusted to actual GDP so I think I have a better starting point.  Also, note that I start with the BEA number for 3rd quarter 2024, which is $29.35 trillion (which I round to $29.4T). 

So here are the numbers, rounded to the nearest 100 billion, using a simplified format so it can be embedded.  These are the fiscal year projections (as of September 30) of each year.

GDP Projected

Forecast 4.20%

-------    ----------

2024 29,400

2025 30,600

2026 31,900

2027 33,200

2028 34,600

2029 36,100

2030 37,600

2031 39,200

2032 40,800

2033 42,500

2034 44,300

2035 46,200

2036 48,100

2037 50,100

2038 52,200

2039 54,400

2040 56,700