2024 Us Gdp Estimates. As a result of those changes in the labor force, we estimate that, from 2023 to 2034, gdp will be greater by about $7 trillion and revenues will be greater by about $1 trillion than. However, notable revisions have taken place beneath the surface since april 2024, with upgrades to the forecast.
Real gross domestic product (gdp) in the us grew at an annual rate of 3.0% in the second quarter of 2024, up from 2.8% in the initial estimate and 1.4% in the first quarter. Receipts from individual income taxes are projected to total $2.4 trillion (or 8.6 percent of gdp) in 2024 and rise to 9.7 percent of gdp by 2034.
