Nominal GDP Projected to Rise 4.2% Yearly to 2022

CLEVELAND, March 9, 2018 /PRNewswire/ -- US nominal GDP is forecast to total $23.9 trillion in 2022, according to Macroeconomy: United States, a report recently released by Freedonia Focus Reports. Increasing residential investment expenditures will drive gains over the forecast period.

More information about the report is available at https://www.freedoniafocusreports.com/Macroeconomy-United-States-FF95051/

Personal consumption expenditures (PCE) are projected to remain the largest share of GDP spending in 2022. Growth in PCE will be driven by rising disposable personal income. Nominal PCE for services is forecast to see the strongest growth among PCE segments to 2022.

These and other key insights are featured in Macroeconomy: United States. This report forecasts to 2022 US gross domestic product and retail sales in nominal and inflation-adjusted (real) US dollars, and the size of the labor force. Nominal and real GDP are segmented by sector 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
• net exports

Nominal and real GDP are also segmented by US region in terms of:

• 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)
• West North Central (Midwest)

Nominal retail sales of nondurable and durable goods are segmented by business type as follows:

• food and beverage stores
• general merchandisers
• eating and drinking places
• gasoline service stations
• healthcare and drug stores
• apparel and accessory stores
• other nondurable good retailers such as flower, pet supply, and stationary outlets
• automotive dealers
• general hardware outlets
• electronic and appliance stores
• furniture and furnishing outlets
• other durable good retailers such as book, music, and sporting good stores

To illustrate historical trends, GDP, retail sales, disposable personal income, interest rates, labor force size, and the various segments are provided in annual series from 2007 to 2017.

About Freedonia Focus Reports
Each month, The Freedonia Group ? a division of MarketResearch.com ? publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services & Industries reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

• total historical market size and industry output
• segmentation by products and markets
• identification of market drivers, constraints, and key indicators
• segment-by-segment outlook in five-year forecasts
• a survey of the supply base
• suggested resources for further study

Press Contact:
Corinne Gangloff
+1 440.684.9600
[email protected]

SOURCE The Freedonia Group