Macroeconomy: United States

This report forecasts to 2024 US gross domestic product and retail sales in nominal and inflation-adjusted US dollars and the size of the US labor force. Nominal and real GDP are segmented by component in terms of: services personal consumption expenditures (PCE), nondurable goods PCE, durable goods PCE, nonresidential fixed investment, residential fixed investment, state and local government spending, federal government spending, change in private inventories, and net exports.

Nominal and real GDP are also segmented by US region as follows: South Atlantic (South), West South Central (South), East South Central (South), Pacific (West), Mountain (West), Middle Atlantic (Northeast), New England (Northeast), East North Central (Midwest), and West North Central (Midwest).

Nominal retail sales of nondurable and durable goods are segmented by business type as follows: eating and drinking places; food and beverage stores; general merchandisers; gasoline service stations; health and drug stores; apparel and accessory stores; other nondurable goods retailers, such as flower, pet supply, and stationary outlets; automotive dealers; general hardware stores; furniture and furnishings stores; electronics and appliances stores; and other durable goods stores, such as book, music, and sporting goods stores.

To illustrate historical trends, GDP, retail sales, disposable personal income, interest rates, labor force size, and the various segments thereof are provided in annual series from 2009 to 2019.

GDP is the broadest measure of macroeconomic activity and is defined as the sum of PCE, investment, government spending, and net exports. The Freedonia Group’s Consensus Forecasts for GDP and other major macroeconomic indicators draw on the projections of 10 to 30 sources.

Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading companies, are covered in this report. A full outline of report items by page is available in the Table of Contents.

Back to Top