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Budget and economic projections, 2022-05

Economic projections: This file presents data that supplement CBO's May 2022 report The Budget and Economic Outlook: 2022 to 2032.

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10-Year Treasury Note
10-year Treasury note rate in 2022: 2.405 %
cbo-projections-2022-05-001
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Consumer Price Index, All Urban Consumers (CPI-U) (level)
CPI-U inflation in 2022: 6.102 %
cbo-projections-2022-05-006
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deficit, Total (baselines.csv)
federal budget deficit in 2022: -1041.499 billion USD (negative = deficit)
cbo-projections-2022-05-011
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Real GDP (level)
real GDP growth in 2022: 3.79 %

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10-Year Treasury Note
10-year Treasury note rate in 2023: 2.861 %
cbo-projections-2022-05-002
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Consumer Price Index, All Urban Consumers (CPI-U) (level)
CPI-U inflation in 2023: 3.096 %
cbo-projections-2022-05-007
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deficit, Total (baselines.csv)
federal budget deficit in 2023: -980.102 billion USD (negative = deficit)
cbo-projections-2022-05-012
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Real GDP (level)
real GDP growth in 2023: 2.787 %
cbo-projections-2022-05-017
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Unemployment Rate, Civilian, 16 Years or Older
unemployment rate in 2023: 3.546 %
cbo-projections-2022-05-022

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10-Year Treasury Note
10-year Treasury note rate in 2024: 3.052 %
cbo-projections-2022-05-003
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Consumer Price Index, All Urban Consumers (CPI-U) (level)
CPI-U inflation in 2024: 2.398 %
cbo-projections-2022-05-008
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deficit, Total (baselines.csv)
federal budget deficit in 2024: -1049.467 billion USD (negative = deficit)
cbo-projections-2022-05-013
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Real GDP (level)
real GDP growth in 2024: 1.607 %
cbo-projections-2022-05-018
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Unemployment Rate, Civilian, 16 Years or Older
unemployment rate in 2024: 3.698 %
cbo-projections-2022-05-023

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10-Year Treasury Note
10-year Treasury note rate in 2025: 3.188 %
cbo-projections-2022-05-004
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Consumer Price Index, All Urban Consumers (CPI-U) (level)
CPI-U inflation in 2025: 2.307 %
cbo-projections-2022-05-009
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deficit, Total (baselines.csv)
federal budget deficit in 2025: -1310.866 billion USD (negative = deficit)
cbo-projections-2022-05-014
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Real GDP (level)
real GDP growth in 2025: 1.53 %
cbo-projections-2022-05-019
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Unemployment Rate, Civilian, 16 Years or Older
unemployment rate in 2025: 3.857 %
cbo-projections-2022-05-024

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10-Year Treasury Note
10-year Treasury note rate in 2026: 3.455 %
cbo-projections-2022-05-005
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Consumer Price Index, All Urban Consumers (CPI-U) (level)
CPI-U inflation in 2026: 2.314 %
cbo-projections-2022-05-010
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deficit, Total (baselines.csv)
federal budget deficit in 2026: -1357.466 billion USD (negative = deficit)
cbo-projections-2022-05-015
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Real GDP (level)
real GDP growth in 2026: 1.384 %
cbo-projections-2022-05-020
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Unemployment Rate, Civilian, 16 Years or Older
unemployment rate in 2026: 4.03 %
cbo-projections-2022-05-025