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Budget and economic projections, 2023-02

Economic projections: This file presents data that supplement CBO's February 2023 report The Budget and Economic Outlook: 2023 to 2033.

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10-Year Treasury Note
10-year Treasury note rate in 2023: 3.877 %
cbo-projections-2023-02-001
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Consumer Price Index, All Urban Consumers (CPI-U) (level)
CPI-U inflation in 2023: 4.79 %
cbo-projections-2023-02-006
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deficit, Total (baselines.csv)
federal budget deficit in 2023: -1415.954 billion USD (negative = deficit)
cbo-projections-2023-02-011
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Real GDP (level)
real GDP growth in 2023: 0.253 %

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10-Year Treasury Note
10-year Treasury note rate in 2024: 3.836 %
cbo-projections-2023-02-002
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Consumer Price Index, All Urban Consumers (CPI-U) (level)
CPI-U inflation in 2024: 3.013 %
cbo-projections-2023-02-007
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deficit, Total (baselines.csv)
federal budget deficit in 2024: -1567.788 billion USD (negative = deficit)
cbo-projections-2023-02-012
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Real GDP (level)
real GDP growth in 2024: 1.811 %
cbo-projections-2023-02-017
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Unemployment Rate, Civilian, 16 Years or Older
unemployment rate in 2024: 4.925 %
cbo-projections-2023-02-022

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10-Year Treasury Note
10-year Treasury note rate in 2025: 3.784 %
cbo-projections-2023-02-003
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Consumer Price Index, All Urban Consumers (CPI-U) (level)
CPI-U inflation in 2025: 2.178 %
cbo-projections-2023-02-008
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deficit, Total (baselines.csv)
federal budget deficit in 2025: -1746.889 billion USD (negative = deficit)
cbo-projections-2023-02-013
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Real GDP (level)
real GDP growth in 2025: 2.726 %
cbo-projections-2023-02-018
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Unemployment Rate, Civilian, 16 Years or Older
unemployment rate in 2025: 4.713 %
cbo-projections-2023-02-023

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10-Year Treasury Note
10-year Treasury note rate in 2026: 3.781 %
cbo-projections-2023-02-004
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Consumer Price Index, All Urban Consumers (CPI-U) (level)
CPI-U inflation in 2026: 2.053 %
cbo-projections-2023-02-009
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deficit, Total (baselines.csv)
federal budget deficit in 2026: -1712.485 billion USD (negative = deficit)
cbo-projections-2023-02-014
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Real GDP (level)
real GDP growth in 2026: 2.426 %
cbo-projections-2023-02-019
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Unemployment Rate, Civilian, 16 Years or Older
unemployment rate in 2026: 4.563 %
cbo-projections-2023-02-024

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10-Year Treasury Note
10-year Treasury note rate in 2027: 3.785 %
cbo-projections-2023-02-005
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Consumer Price Index, All Urban Consumers (CPI-U) (level)
CPI-U inflation in 2027: 2.062 %
cbo-projections-2023-02-010
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deficit, Total (baselines.csv)
federal budget deficit in 2027: -1704.48 billion USD (negative = deficit)
cbo-projections-2023-02-015
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Real GDP (level)
real GDP growth in 2027: 2.28 %
cbo-projections-2023-02-020
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Unemployment Rate, Civilian, 16 Years or Older
unemployment rate in 2027: 4.493 %
cbo-projections-2023-02-025