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Category |
Billions of chained 2012 dollars |
Annual rate of change |
|||||
---|---|---|---|---|---|---|---|
1998 |
2008 |
2018 |
2028 |
1998–08 |
2008–18 |
2018–28 |
|
Government consumption expenditures and gross investment |
$2,533.0 |
$3,195.6 |
$3,177.8 |
$3,269.8 |
2.4 |
-0.1 |
0.3 |
Federal Government consumption and investment |
850.5 |
1,218.8 |
1,227.8 |
1,207.2 |
3.7 |
0.1 |
-0.2 |
Defense consumption and investment |
543.3 |
791.5 |
738.2 |
727.0 |
3.8 |
-0.7 |
-0.2 |
Consumption expenditures |
453.2 |
616.7 |
587.3 |
568.4 |
3.1 |
-0.5 |
-0.3 |
Compensation, military |
133.4 |
149.9 |
146.4 |
153.5 |
1.2 |
-0.2 |
0.5 |
Compensation, civilian |
77.7 |
78.0 |
84.9 |
86.3 |
0.0 |
0.9 |
0.2 |
Consumption of fixed capital |
126.8 |
145.5 |
151.1 |
147.1 |
1.4 |
0.4 |
-0.3 |
Intermediate goods and services purchased |
132.1 |
267.9 |
231.8 |
210.4 |
7.3 |
-1.4 |
-1.0 |
Less own-account investment |
12.8 |
20.4 |
23.4 |
23.6 |
4.8 |
1.4 |
0.1 |
Less sales to other sectors |
2.8 |
4.1 |
3.5 |
3.3 |
4.0 |
-1.6 |
-0.5 |
Gross Investment |
93.6 |
174.6 |
151.1 |
157.7 |
6.4 |
-1.4 |
0.4 |
Own-account investment |
12.8 |
20.4 |
23.4 |
23.6 |
4.8 |
1.4 |
0.1 |
Other investment |
80.8 |
154.2 |
127.7 |
134.2 |
6.7 |
-1.9 |
0.5 |
Nondefense consumption and investment |
307.4 |
427.3 |
489.1 |
479.8 |
3.3 |
1.4 |
-0.2 |
Consumption expenditures |
225.5 |
318.1 |
365.3 |
353.4 |
3.5 |
1.4 |
-0.3 |
Compensation |
132.4 |
147.7 |
159.6 |
162.4 |
1.1 |
0.8 |
0.2 |
Consumption of fixed capital |
63.4 |
85.2 |
106.5 |
114.5 |
3.0 |
2.3 |
0.7 |
Commodity credit corporation purchases |
0.5 |
-0.6 |
0.0 |
0.0 |
— |
— |
— |
Other intermediate goods and services purchased |
53.4 |
106.5 |
121.9 |
100.3 |
7.1 |
1.4 |
-1.9 |
Less own-account investment |
15.1 |
15.5 |
16.6 |
16.8 |
0.3 |
0.7 |
0.1 |
Less sales to other sectors |
7.0 |
5.5 |
5.4 |
5.9 |
-2.4 |
-0.2 |
1.0 |
Gross investment |
81.4 |
109.2 |
123.8 |
127.0 |
3.0 |
1.3 |
0.3 |
Own-account investment |
15.1 |
15.5 |
16.6 |
16.8 |
0.3 |
0.7 |
0.1 |
Other investment |
66.6 |
93.7 |
107.2 |
110.2 |
3.5 |
1.4 |
0.3 |
State and local government consumption and investment |
1,692.4 |
1,978.7 |
1,948.9 |
2,054.6 |
1.6 |
-0.2 |
0.5 |
Consumption expenditures |
1,378.0 |
1,591.8 |
1,600.3 |
1,668.1 |
1.5 |
0.1 |
0.4 |
Compensation |
1,076.9 |
1,197.9 |
1,169.4 |
1,253.2 |
1.1 |
-0.2 |
0.7 |
Consumption of fixed capital |
118.3 |
167.4 |
191.5 |
224.0 |
3.5 |
1.4 |
1.6 |
Intermediate goods and services purchased |
538.6 |
653.9 |
741.2 |
844.3 |
2.0 |
1.3 |
1.3 |
Less own-account investment |
27.8 |
38.8 |
38.1 |
40.9 |
3.4 |
-0.2 |
0.7 |
Less sales to other sectors |
327.7 |
388.0 |
457.6 |
606.0 |
1.7 |
1.7 |
2.8 |
Gross investment |
314.6 |
386.8 |
348.7 |
387.4 |
2.1 |
-1.0 |
1.1 |
Own-account investment |
27.8 |
38.8 |
38.1 |
40.9 |
3.4 |
-0.2 |
0.7 |
Other investment |
287.1 |
347.9 |
310.5 |
346.4 |
1.9 |
-1.1 |
1.1 |
Residual1 |
46.0 |
83.1 |
101.1 |
112.9 |
— |
— |
— |
Footnotes: |
Last Modified Date: September 4, 2019