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United States and Global Macroeconomic Projections to 2033

Author

Listed:
  • Zeng, Wendy
  • Johnson, William
  • Davis, James D.

Abstract

The U.S. Department of Agriculture (USDA), Economic Research Service (ERS) International Macroeconomic Data Set provides historical and 10-year projected macroeconomic variables for 181 countries, as well as regional and income groupings, which account for more than 99 percent of the world economy. The main macroeconomic variables include the real Gross Domestic Product (real GDP), Consumer Price Index (CPI), exchange rates, and population. These indicators are the benchmark for the annual USDA Baseline agricultural supply and demand projections, providing a 10-year outlook on U.S. and global agricultural variables. These projections also relay information on the overall health of international economies in the near future to the USDA, its stakeholders, and a variety of policymakers and market participants. These projections were completed in August 2023 based on data and expectations at that time. This report details the macroeconomic projections from 2023 to 2033. To help users interpret the projection numbers, this report also provides the state of the global economy and an analysis of the influence of events over the past year in various regions and countries.

Suggested Citation

  • Zeng, Wendy & Johnson, William & Davis, James D., 2024. "United States and Global Macroeconomic Projections to 2033," Economic Information Bulletin 342469, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersib:342469
    DOI: 10.22004/ag.econ.342469
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