Economic assumptions in Obama's budget
Economic assumptions underlying Obama's 2014 budget proposal
Economic assumptions underlying the budget President Barack Obama submitted to Congress for the fiscal year beginning Oct. 1. Gross domestic product is in trillions of dollars.
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
Gross domestic product | 15.1 | 15.7 | 16.4 | 17.2 | 18.2 | 19.2 |
GDP % change, year to year | 4.0 | 4.2 | 4.3 | 5.2 | 5.5 | 5.6 |
Inflation adjusted GDP % change | 1.8 | 2.3 | 2.3 | 3.2 | 3.5 | 3.6 |
Consumer price index % change, year to year | 3.1 | 2.1 | 2.1 | 2.2 | 2.2 | 2.2 |
Civilian unemployment rate | 8.9 | 8.1 | 7.7 | 7.2 | 6.7 | 6.2 |
Interest rate on 91-day Treasury bills | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 1.2 |
Interest rate on 10-year Treasury notes | 2.8 | 1.8 | 2.0 | 2.6 | 3.1 | 3.7 |
