Table VI.G6.—Selected Economic Variables,
Calendar Years 1970-2100
[GDP and taxable payroll in billions]

Calendar year		Adjusted CPI a		Average wage index		Taxable payroll b		Gross domestic product		Compound new-issue interest factor c		Compound effective trust-fund interest factor d
Historical data:
1970		13.02		$6,186.24		$404		$1,073		0.0440		0.0358
1971		13.58		6,497.08		415		1,165		.0473		.0377
1972		14.05		7,133.80		471		1,279		.0502		.0397
1973		14.92		7,580.16		546		1,425		.0532		.0419
1974		16.55		8,030.76		620		1,545		.0568		.0444
1975		18.06		8,630.92		648		1,685		.0611		.0472
1976		19.09		9,226.48		719		1,873		.0657		.0504
1977		20.32		9,779.44		795		2,082		.0705		.0538
1978		21.89		10,556.03		895		2,352		.0756		.0576
1979		24.40		11,479.46		1,047		2,627		.0819		.0619
1980		27.67		12,513.46		1,151		2,857		.0895		.0668
1981		30.50		13,773.10		1,272		3,207		.0997		.0730
1982		32.34		14,531.34		1,341		3,344		.1134		.0807
1983		33.31		15,239.24		1,488		3,634		.1283		.0895
1984		34.48		16,135.07		1,597		4,038		.1429		.0995
1985		35.68		16,822.51		1,722		4,339		.1611		.1109
1986		36.24		17,321.82		1,841		4,580		.1790		.1232
1987		37.55		18,426.51		1,956		4,855		.1936		.1363
1988		39.05		19,334.04		2,090		5,236		.2102		.1498
1989		40.92		20,099.55		2,235		5,642		.2291		.1643
1990		43.05		21,027.98		2,356		5,963		.2494		.1799
1991		44.82		21,811.60		2,420		6,158		.2713		.1965
1992		46.12		22,935.42		2,529		6,520		.2934		.2140
1993		47.42		23,132.67		2,635		6,859		.3145		.2323
1994		48.59		23,753.53		2,780		7,287		.3339		.2513
1995		49.99		24,705.66		2,912		7,640		.3578		.2712
1996		51.43		25,913.90		3,064		8,073		.3829		.2922
1997		52.60		27,426.00		3,275		8,578		.4085		.3143
1998		53.30		28,861.44		3,516		9,063		.4359		.3375
1999		54.47		30,469.84		3,736		9,631		.4608		.3614
2000		56.37		32,154.82		3,992		10,251		.4882		.3864
2001		57.90		32,921.92		4,158		10,582		.5191		.4124
2002		58.70		33,252.09		4,238		10,929		.5466		.4393
2003		60.01		34,064.95		4,343		11,456		.5735		.4666
2004		61.57		35,648.55		4,540		12,217		.5971		.4938
2005		63.74		36,952.94		4,747		13,039		.6229		.5213
2006		65.78		38,651.41		5,023		13,816		.6501		.5494
2007		67.67		40,405.48		5,251		14,474		.6818		.5784
2008		70.44		41,334.97		5,413		14,770		.7139		.6084
2009		69.96		40,711.61		5,255		14,478		.7401		.6387
2010		71.41		41,673.83		5,290		15,049		.7618		.6690
2011		73.95		42,979.61		5,467		15,600		.7830		.6993
2012		75.50		44,321.67		5,688		16,254		.8021		.7290
2013		76.53		44,888.16		5,892		16,843		.8138		.7577
2014		77.68		46,481.52		6,160		17,551		.8291		.7857
2015		77.36		48,098.63		6,448		18,206		.8481		.8130
2016		78.12		48,642.15		6,639		18,695		.8653		.8395
2017		79.78		50,321.89		6,981		19,477		.8810		.8653
2018		81.81		52,145.80		7,309		20,533		.9015		.8908
2019		83.17		54,099.99		7,661		21,381		.9275		.9162
2020		84.18		55,628.60		7,716		21,060		.9482		.9412
2021		88.61		60,575.07		8,318		23,315		.9576		.9652
Intermediate:
2022		96.15		63,467.98		9,069		25,422		.9711		.9884
2023		100.00		66,147.17		9,552		26,592		1.0000		1.0117
2024		102.53		68,627.58		9,986		27,655		1.0357		1.0356
2025		104.99		71,411.99		10,465		28,902		1.0727		1.0602
2026		107.51		74,348.48		10,944		30,177		1.1112		1.0862
2027		110.09		77,393.67		11,443		31,478		1.1530		1.1140
2028		112.73		80,510.73		11,934		32,778		1.1985		1.1442
2029		115.44		83,757.03		12,438		34,125		1.2492		1.1768
2030		118.21		87,106.49		12,954		35,521		1.3051		1.2123
2031		121.04		90,574.48		13,492		36,976		1.3656		1.2512
2032		123.95		93,995.33		14,023		38,487		1.4295		1.2946
2033		126.92		97,455.02		14,575		40,064		1.4971		1.3452
2034		129.97		101,026.57		15,142		41,696		1.5683		1.4044
2035		133.09		104,726.27		15,730		43,392		1.6429		1.4693
2036		136.28		108,561.15		16,338		45,149		1.7210		1.5380
2037		139.55		112,537.34		16,963		46,957		1.8029		1.6105
2038		142.90		116,649.42		17,615		48,850		1.8886		1.6866
2039		146.33		120,914.15		18,289		50,807		1.9784		1.7664
2040		149.85		125,312.66		18,992		52,850		2.0725		1.8502
2041		153.44		129,842.92		19,720		54,970		2.1710		1.9381
2042		157.12		134,513.64		20,476		57,176		2.2743		2.0301
2043		160.90		139,333.70		21,260		59,465		2.3824		2.1266
2044		164.76		144,301.58		22,076		61,848		2.4957		2.2277
2045		168.71		149,423.47		22,925		64,333		2.6144		2.3337
2046		172.76		154,703.93		23,808		66,918		2.7387		2.4446
2047		176.91		160,173.47		24,730		69,619		2.8689		2.5609
2048		181.15		165,831.58		25,689		72,433		3.0054		2.6826
2049		185.50		171,691.12		26,691		75,370		3.1483		2.8102
2050		189.95		177,750.26		27,736		78,438		3.2980		2.9438
2051		194.51		184,025.21		28,826		81,642		3.4548		3.0838
2052		199.18		190,524.84		29,958		84,974		3.6191		3.2305
2053		203.96		197,257.17		31,134		88,439		3.7912		3.3841
2054		208.85		204,222.55		32,354		92,039		3.9715		3.5450
2055		213.87		211,432.09		33,623		95,785		4.1603		3.7136
2056		219.00		218,892.32		34,946		99,691		4.3581		3.8902
2057		224.26		226,625.91		36,325		103,765		4.5654		4.0751
2058		229.64		234,650.32		37,758		108,001		4.7825		4.2689
2059		235.15		242,974.68		39,247		112,405		5.0099		4.4719
2060		240.79		251,610.19		40,795		116,988		5.2481		4.6846
2061		246.57		260,565.06		42,403		121,751		5.4977		4.9073
2062		252.49		269,849.96		44,072		126,700		5.7591		5.1407
2063		258.55		279,468.09		45,806		131,844		6.0330		5.3851
2064		264.75		289,433.10		47,606		137,188		6.3199		5.6412
2065		271.11		299,758.28		49,472		142,731		6.6204		5.9095
2066		277.62		310,451.63		51,407		148,484		6.9352		6.1905
2067		284.28		321,530.33		53,419		154,469		7.2650		6.4848
2068		291.10		332,997.00		55,510		160,693		7.6104		6.7932
2069		298.09		344,877.39		57,675		167,145		7.9723		7.1162
2070		305.24		357,187.25		59,924		173,850		8.3514		7.4546
2071		312.57		369,926.82		62,264		180,828		8.7485		7.8091
2072		320.07		383,104.80		64,697		188,091		9.1646		8.1804
2073		327.75		396,743.40		67,224		195,637		9.6004		8.5694
2074		335.62		410,879.41		69,856		203,503		10.0569		8.9769
2075		343.67		425,523.96		72,602		211,710		10.5351		9.4038
2076		351.92		440,700.85		75,462		220,261		11.0361		9.8510
2077		360.37		456,424.43		78,444		229,180		11.5608		10.3194
2078		369.01		472,699.10		81,553		238,483		12.1106		10.8101
2079		377.87		489,541.62		84,804		248,209		12.6865		11.3242
2080		386.94		506,962.67		88,194		258,358		13.2897		11.8627
2081		396.23		525,013.86		91,730		268,948		13.9217		12.4267
2082		405.74		543,703.48		95,421		280,007		14.5837		13.0177
2083		415.47		563,060.02		99,278		291,565		15.2772		13.6367
2084		425.44		583,111.22		103,304		303,635		16.0036		14.2851
2085		435.65		603,863.51		107,502		316,227		16.7646		14.9644
2086		446.11		625,372.00		111,881		329,367		17.5618		15.6760
2087		456.82		647,617.56		116,451		343,089		18.3969		16.4214
2088		467.78		670,641.47		121,212		357,390		19.2717		17.2023
2089		479.01		694,465.98		126,168		372,288		20.1882		18.0203
2090		490.50		719,124.11		131,330		387,813		21.1481		18.8772
2091		502.28		744,644.17		136,700		403,977		22.1538		19.7749
2092		514.33		771,069.14		142,284		420,800		23.2072		20.7152
2093		526.67		798,430.43		148,085		438,290		24.3108		21.7002
2094		539.31		826,760.50		154,111		456,472		25.4668		22.7321
2095		552.26		856,091.73		160,374		475,384		26.6778		23.8131
2096		565.51		886,465.32		166,877		495,038		27.9464		24.9454
2097		579.08		917,921.34		173,628		515,460		29.2753		26.1317
2098		592.98		950,497.15		180,635		536,674		30.6674		27.3743
2099		607.21		984,234.51		187,907		558,712		32.1257		28.6760
2100		621.79		1,019,162.94		195,457		581,611		33.6533		30.0396
Low-cost:
2022		96.24		63,432.25		9,065		25,463		.9711		.9884
2023		100.00		66,442.68		9,665		27,042		1.0000		1.0120
2024		103.02		70,258.88		10,343		28,782		1.0425		1.0369
2025		106.12		74,575.71		11,089		30,730		1.0886		1.0639
2026		109.30		78,782.82		11,816		32,533		1.1411		1.0937
2027		112.58		83,005.63		12,555		34,356		1.2005		1.1276
2028		115.96		87,405.28		13,307		36,241		1.2672		1.1661
2029		119.43		92,010.68		14,090		38,217		1.3379		1.2096
2030		123.02		96,841.91		14,910		40,290		1.4125		1.2586
2031		126.71		101,915.61		15,771		42,475		1.4915		1.3140
2032		130.51		107,046.81		16,650		44,755		1.5776		1.3764
2033		134.42		112,332.16		17,530		47,169		1.6704		1.4465
2034		138.46		117,860.01		18,452		49,711		1.7687		1.5242
2035		142.61		123,656.58		19,420		52,381		1.8728		1.6083
2036		146.89		129,737.10		20,435		55,186		1.9830		1.6985
2037		151.30		136,114.69		21,492		58,111		2.0997		1.7953
2038		155.83		142,784.74		22,610		61,209		2.2232		1.8990
2039		160.51		149,771.58		23,783		64,460		2.3540		2.0095
2040		165.32		157,054.51		25,023		67,898		2.4925		2.1267
2041		170.28		164,631.98		26,329		71,520		2.6392		2.2511
2042		175.39		172,535.72		27,710		75,353		2.7945		2.3829
2043		180.65		180,794.76		29,168		79,400		2.9589		2.5226
2044		186.07		189,414.80		30,710		83,680		3.1330		2.6707
2045		191.66		198,412.60		32,341		88,210		3.3174		2.8275
2046		197.41		207,805.70		34,064		92,994		3.5126		2.9937
2047		203.33		217,651.55		35,891		98,062		3.7192		3.1699
2048		209.43		227,969.96		37,823		103,425		3.9381		3.3564
2049		215.71		238,787.17		39,871		109,103		4.1698		3.5539
2050		222.18		250,115.49		42,038		115,112		4.4152		3.7630
2051		228.85		261,992.64		44,329		121,465		4.6749		3.9844
2052		235.71		274,446.68		46,746		128,168		4.9500		4.2189
2053		242.78		287,504.78		49,295		135,239		5.2413		4.4671
2054		250.07		301,185.36		51,981		142,689		5.5497		4.7299
2055		257.57		315,518.44		54,815		150,549		5.8762		5.0083
2056		265.30		330,532.42		57,808		158,846		6.2220		5.3029
2057		273.26		346,283.67		60,969		167,606		6.5881		5.6150
2058		281.45		362,823.97		64,300		176,834		6.9757		5.9454
2059		289.90		380,184.16		67,810		186,554		7.3862		6.2952
2060		298.59		398,402.81		71,511		196,798		7.8208		6.6656
2061		307.55		417,512.77		75,411		207,592		8.2809		7.0578
2062		316.78		437,558.20		79,517		218,949		8.7682		7.4731
2063		326.28		458,571.18		83,845		230,916		9.2841		7.9128
2064		336.07		480,595.94		88,406		243,525		9.8304		8.3784
2065		346.15		503,681.03		93,206		256,786		10.4088		8.8714
2066		356.54		527,866.94		98,260		270,743		11.0213		9.3934
2067		367.23		553,214.06		103,594		285,465		11.6697		9.9461
2068		378.25		579,759.40		109,217		300,978		12.3564		10.5313
2069		389.60		607,578.68		115,134		317,294		13.0834		11.1509
2070		401.29		636,729.90		121,376		334,496		13.8533		11.8071
2071		413.32		667,248.86		127,973		352,665		14.6684		12.5018
2072		425.72		699,192.82		134,938		371,838		15.5315		13.2374
2073		438.50		732,639.21		142,293		392,068		16.4454		14.0163
2074		451.65		767,693.22		150,074		413,456		17.4130		14.8410
2075		465.20		804,422.07		158,315		436,091		18.4376		15.7143
2076		479.16		842,918.66		167,034		460,021		19.5225		16.6389
2077		493.53		883,256.69		176,256		485,309		20.6712		17.6179
2078		508.34		925,495.01		186,031		512,094		21.8875		18.6545
2079		523.59		969,733.97		196,402		540,487		23.1753		19.7522
2080		539.29		1,016,051.44		207,395		570,560		24.5389		20.9144
2081		555.47		1,064,611.69		219,034		602,378		25.9828		22.1450
2082		572.14		1,115,478.49		231,370		636,074		27.5116		23.4480
2083		589.30		1,168,770.79		244,449		671,774		29.1304		24.8277
2084		606.98		1,224,619.16		258,294		709,539		30.8445		26.2886
2085		625.19		1,283,116.99		272,944		749,476		32.6594		27.8354
2086		643.95		1,344,453.07		288,446		791,710		34.5810		29.4732
2087		663.26		1,408,653.41		304,839		836,347		36.6158		31.2074
2088		683.16		1,475,882.21		322,140		883,435		38.7702		33.0437
2089		703.66		1,546,273.57		340,405		933,127		41.0515		34.9879
2090		724.77		1,619,988.11		359,689		985,569		43.4670		37.0466
2091		746.51		1,697,206.32		380,019		1,040,839		46.0246		39.2265
2092		768.91		1,778,116.24		401,441		1,099,058		48.7326		41.5345
2093		791.97		1,862,894.42		423,994		1,160,335		51.6001		43.9784
2094		815.73		1,951,720.54		447,748		1,224,859		54.6362		46.5661
2095		840.20		2,044,788.30		472,758		1,292,776		57.8510		49.3061
2096		865.41		2,142,305.56		499,096		1,364,278		61.2550		52.2072
2097		891.37		2,244,496.91		526,830		1,439,550		64.8592		55.2791
2098		918.11		2,351,572.37		556,041		1,518,811		68.6755		58.5317
2099		945.66		2,463,777.47		586,803		1,602,260		72.7164		61.9758
2100		974.03		2,581,302.68		619,206		1,690,135		76.9950		65.6224
High-cost:
2022		95.64		63,460.05		9,067		25,417		.9711		.9884
2023		100.00		64,726.55		9,322		25,892		1.0000		1.0117
2024		102.92		67,055.34		9,613		26,696		1.0347		1.0352
2025		104.83		69,534.32		9,974		27,746		1.0650		1.0589
2026		106.72		71,952.76		10,360		28,771		1.0951		1.0831
2027		108.64		74,431.84		10,727		29,762		1.1282		1.1083
2028		110.60		76,626.52		11,038		30,614		1.1641		1.1346
2029		112.59		78,738.96		11,334		31,452		1.2018		1.1619
2030		114.61		80,892.11		11,623		32,320		1.2413		1.1911
2031		116.68		83,098.17		11,914		33,222		1.2835		1.2216
2032		118.78		85,191.64		12,189		34,138		1.3290		1.2601
2033		120.92		87,261.17		12,502		35,088		1.3773		1.3065
2034		123.09		89,369.43		12,822		36,067		1.4273		1.3536
2035		125.31		91,526.06		13,149		37,070		1.4792		1.4026
2036		127.56		93,735.22		13,482		38,098		1.5329		1.4535
2037		129.86		96,001.63		13,819		39,137		1.5886		1.5063
2038		132.20		98,322.61		14,166		40,212		1.6463		1.5610
2039		134.58		100,711.67		14,518		41,303		1.7061		1.6177
2040		137.00		103,154.86		14,877		42,423		1.7680		1.6765
2041		139.46		105,653.97		15,241		43,561		1.8323		1.7374
2042		141.98		108,203.32		15,611		44,719		1.8988		1.8005
2043		144.53		110,800.80		15,984		45,890		1.9678		1.8659
2044		147.13		113,442.67		16,363		47,082		2.0393		1.9336
2045		149.78		116,129.77		16,748		48,300		2.1134		2.0039
2046		152.48		118,863.47		17,140		49,543		2.1901		2.0767
2047		155.22		121,659.55		17,541		50,817		2.2697		2.1521
2048		158.02		124,508.24		17,950		52,119		2.3521		2.2303
2049		160.86		127,418.17		18,370		53,454		2.4376		2.3113
2050		163.75		130,383.43		18,799		54,825		2.5261		2.3952
2051		166.70		133,413.28		19,239		56,234		2.6179		2.4822
2052		169.70		136,510.92		19,687		57,672		2.7129		2.5724
2053		172.76		139,677.63		20,144		59,144		2.8115		2.6659
2054		175.87		142,909.88		20,609		60,648		2.9136		2.7627
2055		179.03		146,212.61		21,086		62,192		3.0194		2.8630
2056		182.26		149,586.00		21,575		63,777		3.1291		2.9670
2057		185.54		153,038.31		22,079		65,410		3.2428		3.0748
2058		188.88		156,574.94		22,594		67,082		3.3606		3.1865
2059		192.28		160,199.39		23,120		68,793		3.4826		3.3022
2060		195.74		163,914.93		23,657		70,544		3.6092		3.4222
2061		199.26		167,722.72		24,206		72,335		3.7403		3.5465
2062		202.85		171,624.59		24,765		74,166		3.8761		3.6753
2063		206.50		175,616.73		25,337		76,041		4.0169		3.8088
2064		210.21		179,704.38		25,920		77,956		4.1628		3.9472
2065		214.00		183,892.10		26,514		79,912		4.3140		4.0906
2066		217.85		188,179.58		27,117		81,904		4.4707		4.2391
2067		221.77		192,570.89		27,733		83,940		4.6331		4.3931
2068		225.76		197,061.19		28,361		86,023		4.8014		4.5527
2069		229.83		201,661.14		28,998		88,142		4.9758		4.7181
2070		233.96		206,377.12		29,646		90,302		5.1566		4.8895
2071		238.18		211,202.33		30,306		92,509		5.3439		5.0671
2072		242.46		216,133.40		30,980		94,768		5.5380		5.2511
2073		246.83		221,178.30		31,666		97,071		5.7391		5.4419
2074		251.27		226,352.71		32,366		99,426		5.9476		5.6395
2075		255.79		231,654.52		33,081		101,834		6.1637		5.8444
2076		260.40		237,088.27		33,811		104,301		6.3875		6.0567
2077		265.08		242,658.23		34,556		106,822		6.6196		6.2767
2078		269.86		248,358.31		35,318		109,403		6.8600		6.5047
2079		274.71		254,187.23		36,098		112,050		7.1092		6.7409
2080		279.66		260,139.82		36,896		114,766		7.3674		6.9858
2081		284.69		266,236.62		37,714		117,552		7.6351		7.2396
2082		289.82		272,474.47		38,554		120,414		7.9124		7.5025
2083		295.03		278,865.23		39,416		123,358		8.1998		7.7750
2084		300.34		285,411.72		40,302		126,389		8.4976		8.0575
2085		305.75		292,107.05		41,212		129,504		8.8063		8.3501
2086		311.25		298,967.75		42,145		132,704		9.1262		8.6535
2087		316.86		305,980.71		43,104		135,997		9.4577		8.9678
2088		322.56		313,161.34		44,091		139,389		9.8012		9.2935
2089		328.37		320,508.53		45,103		142,871		10.1573		9.6311
2090		334.28		328,026.09		46,140		146,448		10.5262		9.9810
2091		340.29		335,712.98		47,203		150,119		10.9086		10.3435
2092		346.42		343,578.65		48,293		153,892		11.3048		10.7192
2093		352.65		351,622.56		49,410		157,761		11.7154		11.1086
2094		359.00		359,849.46		50,553		161,729		12.1410		11.5121
2095		365.46		368,262.47		51,724		165,801		12.5820		11.9303
2096		372.04		376,867.67		52,923		169,982		13.0390		12.3636
2097		378.74		385,672.63		54,150		174,263		13.5127		12.8127
2098		385.56		394,681.77		55,404		178,651		14.0035		13.2781
2099		392.50		403,900.39		56,685		183,142		14.5122		13.7604
2100		399.56		413,333.48		57,994		187,740		15.0393		14.2603

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a CPI-W indexed to calendar year 2023. Historical values computed using the intermediate assumptions value for 2023. b Total earnings subject to OASDI contribution rates, adjusted to reflect the lower effective contribution rates (compared to the combined employee-employer rate) that apply to multiple-employer "excess wages." c For each alternative, incorporates the average of the assumed annual yield for special public-debt obligations issuable to the trust funds in the 12 months of the prior year. d For each alternative, incorporates the annual effective yield for all outstanding special public-debt obligations held by the trust fund, with a half-year's interest effect in each row. The effective yield for a period equals total interest earned during the period divided by the total exposure to interest on asset reserves and all income and cost items during the period. The reciprocals of the factors approximate the discounting/accumulation factors that are used to calculate summarized rates and balances in this report.