Home > Releases > Budget and Economic Outlook > Real Potential Gross Domestic Product
Observation:
Q4 2034: 27,804.37000 (+ more) Updated: Jul 1, 2024 12:01 PM CDTQ4 2034: | 27,804.37000 | |
Q3 2034: | 27,684.89000 | |
Q2 2034: | 27,565.36000 | |
Q1 2034: | 27,445.78000 | |
Q4 2033: | 27,326.18000 |
Units:
Billions of Chained 2017 Dollars,Frequency:
QuarterlyData in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Title | Release Dates | |
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Real Potential Gross Domestic Product | 1991-01-30 | 2024-07-01 |
Source | ||
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U.S. Congressional Budget Office | 1991-01-30 | 2024-07-01 |
Release | ||
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Economic and Budget Outlook | 1991-01-30 | 1999-07-28 |
Budget and Economic Outlook | 1999-07-29 | 2024-07-01 |
Units | ||
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Billions of 1982 Dollars | 1991-01-30 | 1992-01-21 |
Billions of 1987 Dollars | 1992-01-22 | 1996-04-16 |
Billions of Chained 1992 Dollars | 1996-04-17 | 2000-01-26 |
Billions of Chained 1996 Dollars | 2000-01-27 | 2004-09-12 |
Billions of Chained 2000 Dollars | 2004-09-13 | 2010-01-25 |
Billions of Chained 2005 Dollars | 2010-01-26 | 2014-02-03 |
Billions of Chained 2009 Dollars | 2014-02-04 | 2019-01-27 |
Billions of Chained 2012 Dollars | 2019-01-28 | 2024-02-06 |
Billions of Chained 2017 Dollars | 2024-02-07 | 2024-07-01 |
Frequency | ||
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Quarterly | 1991-01-30 | 2024-07-01 |
Seasonal Adjustment | ||
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Not Seasonally Adjusted | 1991-01-30 | 2024-07-01 |
Notes | ||
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Note: For the years 1991 through 1998, only the data that were current as of the CBO director's testimony before the Congressional Budget Committees is recorded. Starting with 1999, both the testimony data as well as an update (usually during the late summer) are recorded.
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1991-01-30 | 2004-09-12 |
Note: For the years 1991 through 1998, only the data that were current as of the CBO director's testimony before the Congressional Budget Committees is recorded. Starting with 1999, both the testimony data as well as an update (usually during the late summer) are recorded.
Potential Real GDP is estimated by the Congressional Budget Office (CBO). Since the July 2009 NIPA revision, there is a discrepancy between real GDP (in billions of chained 2005 dollars) and CBO real potential GDP (in billions of Chained 2000 dollars). To convert the data to 2005 Dollars multiply each quarterly observation of CBO real potential GDP by a factor of 1.14. This scaling factor is the average of the ratio of real GDP in billions of chained 2005 dollars to real GDP in billions of chained 2000 dollars for the four quarters of 2005. The CBO will be adjusting potential GDP sometime in 2010 to chained 2005 dollars. |
2004-09-13 | 2010-01-25 |
Real potential GDP is the CBO’s estimate of the output the economy would produce with a high rate of use of its capital and labor resources. The data is adjusted to remove the effects of inflation.
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2010-01-26 | 2024-07-01 |