Real Potential Gross Domestic Product Vintage: 2023-02-15 | ALFRED

Observations

Q2 2031: 23,719.77000

Updated: Mar 21, 2023 3:19 PM CDT

Q2 2031:	23,719.77000
Q1 2031:	23,613.69000
Q4 2030:	23,507.60000
Q3 2030:	23,401.53000
Q2 2030:	23,295.42000

Units:

Billions of Chained 2012 Dollars,

Not Seasonally Adjusted

Frequency:

Quarterly

Notes

Title	Release Dates

Real Potential Gross Domestic Product	1991-01-30	2025-01-17

Source

U.S. Congressional Budget Office	1991-01-30	2025-01-17

Release

Economic and Budget Outlook	1991-01-30	1999-07-28
Budget and Economic Outlook	1999-07-29	2025-01-17

Units

Billions of 1982 Dollars	1991-01-30	1992-01-21
Billions of 1987 Dollars	1992-01-22	1996-04-16
Billions of Chained 1992 Dollars	1996-04-17	2000-01-26
Billions of Chained 1996 Dollars	2000-01-27	2004-09-12
Billions of Chained 2000 Dollars	2004-09-13	2010-01-25
Billions of Chained 2005 Dollars	2010-01-26	2014-02-03
Billions of Chained 2009 Dollars	2014-02-04	2019-01-27
Billions of Chained 2012 Dollars	2019-01-28	2024-02-06
Billions of Chained 2017 Dollars	2024-02-07	2025-01-17

Frequency

Quarterly	1991-01-30	2025-01-17

Seasonal Adjustment

Not Seasonally Adjusted	1991-01-30	2025-01-17

Notes

Note: For the years 1991 through 1998, only the data that were current as of the CBO director's testimony before the Congressional Budget Committees is recorded. Starting with 1999, both the testimony data as well as an update (usually during the late summer) are recorded.	1991-01-30	2004-09-12
Note: For the years 1991 through 1998, only the data that were current as of the CBO director's testimony before the Congressional Budget Committees is recorded. Starting with 1999, both the testimony data as well as an update (usually during the late summer) are recorded. Potential Real GDP is estimated by the Congressional Budget Office (CBO). Since the July 2009 NIPA revision, there is a discrepancy between real GDP (in billions of chained 2005 dollars) and CBO real potential GDP (in billions of Chained 2000 dollars). To convert the data to 2005 Dollars multiply each quarterly observation of CBO real potential GDP by a factor of 1.14. This scaling factor is the average of the ratio of real GDP in billions of chained 2005 dollars to real GDP in billions of chained 2000 dollars for the four quarters of 2005. The CBO will be adjusting potential GDP sometime in 2010 to chained 2005 dollars.	2004-09-13	2010-01-25
Real potential GDP is the CBO’s estimate of the output the economy would produce with a high rate of use of its capital and labor resources. The data is adjusted to remove the effects of inflation.	2010-01-26	2025-01-17