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Budget and economic projections, 2024-02

Economic projections: This file presents data that supplement CBO's February 2024 report The Budget and Economic Outlook: 2024 to 2034.

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10-year Treasury note Percent
10-year Treasury note rate in 2024: 4.608 %
cbo-projections-2024-02-001
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Consumer price index, all urban consumers (CPI-U) 1982-1984 = 100 / Percentage change, annual rate
CPI-U inflation in 2024: 2.597 %
cbo-projections-2024-02-006
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deficit, Total (baselines.csv)
federal budget deficit in 2024: -1513.607 billion USD (negative = deficit)
cbo-projections-2024-02-011
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Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2024: 1.82 %

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10-year Treasury note Percent
10-year Treasury note rate in 2025: 4.575 %
cbo-projections-2024-02-002
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Consumer price index, all urban consumers (CPI-U) 1982-1984 = 100 / Percentage change, annual rate
CPI-U inflation in 2025: 2.515 %
cbo-projections-2024-02-007
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deficit, Total (baselines.csv)
federal budget deficit in 2025: -1769.109 billion USD (negative = deficit)
cbo-projections-2024-02-012
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Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2025: 1.971 %
cbo-projections-2024-02-017
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Unemployment rate, civilian, 16 years or older Percent
unemployment rate in 2025: 4.385 %
cbo-projections-2024-02-022

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10-year Treasury note Percent
10-year Treasury note rate in 2026: 3.933 %
cbo-projections-2024-02-003
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Consumer price index, all urban consumers (CPI-U) 1982-1984 = 100 / Percentage change, annual rate
CPI-U inflation in 2026: 2.325 %
cbo-projections-2024-02-008
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deficit, Total (baselines.csv)
federal budget deficit in 2026: -1687.385 billion USD (negative = deficit)
cbo-projections-2024-02-013
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Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2026: 2.224 %
cbo-projections-2024-02-018
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Unemployment rate, civilian, 16 years or older Percent
unemployment rate in 2026: 4.348 %
cbo-projections-2024-02-023

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10-year Treasury note Percent
10-year Treasury note rate in 2027: 3.754 %
cbo-projections-2024-02-004
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Consumer price index, all urban consumers (CPI-U) 1982-1984 = 100 / Percentage change, annual rate
CPI-U inflation in 2027: 2.188 %
cbo-projections-2024-02-009
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deficit, Total (baselines.csv)
federal budget deficit in 2027: -1634.171 billion USD (negative = deficit)
cbo-projections-2024-02-014
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Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2027: 2.151 %
cbo-projections-2024-02-019
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Unemployment rate, civilian, 16 years or older Percent
unemployment rate in 2027: 4.377 %
cbo-projections-2024-02-024

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10-year Treasury note Percent
10-year Treasury note rate in 2028: 3.816 %
cbo-projections-2024-02-005
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Consumer price index, all urban consumers (CPI-U) 1982-1984 = 100 / Percentage change, annual rate
CPI-U inflation in 2028: 2.192 %
cbo-projections-2024-02-010
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deficit, Total (baselines.csv)
federal budget deficit in 2028: -1838.338 billion USD (negative = deficit)
cbo-projections-2024-02-015
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Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2028: 2.098 %
cbo-projections-2024-02-020
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Unemployment rate, civilian, 16 years or older Percent
unemployment rate in 2028: 4.411 %
cbo-projections-2024-02-025