Table VI.G6.—Selected Economic Variables,
Calendar Years 1970-2095
[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		15.30		$6,186.24		$404		$1,073		0.0464		0.0385
1971		15.97		6,497.08		415		1,165		.0499		.0405
1972		16.52		7,133.80		471		1,279		.0529		.0427
1973		17.54		7,580.16		546		1,425		.0561		.0451
1974		19.46		8,030.76		620		1,545		.0599		.0478
1975		21.23		8,630.92		648		1,685		.0644		.0508
1976		22.44		9,226.48		719		1,873		.0693		.0542
1977		23.89		9,779.44		795		2,082		.0743		.0579
1978		25.74		10,556.03		895		2,352		.0797		.0620
1979		28.68		11,479.46		1,047		2,627		.0864		.0666
1980		32.53		12,513.46		1,151		2,857		.0944		.0719
1981		35.86		13,773.10		1,272		3,207		.1051		.0785
1982		38.02		14,531.34		1,341		3,344		.1196		.0868
1983		39.16		15,239.24		1,488		3,634		.1353		.0964
1984		40.53		16,135.07		1,597		4,038		.1507		.1071
1985		41.94		16,822.51		1,722		4,339		.1699		.1193
1986		42.61		17,321.82		1,842		4,580		.1888		.1327
1987		44.14		18,426.51		1,956		4,855		.2041		.1467
1988		45.90		19,334.04		2,090		5,236		.2216		.1613
1989		48.10		20,099.55		2,235		5,642		.2416		.1769
1990		50.61		21,027.98		2,356		5,963		.2630		.1936
1991		52.69		21,811.60		2,420		6,158		.2862		.2114
1992		54.22		22,935.42		2,529		6,520		.3094		.2303
1993		55.75		23,132.67		2,635		6,859		.3317		.2500
1994		57.12		23,753.53		2,780		7,287		.3521		.2704
1995		58.77		24,705.66		2,912		7,640		.3774		.2919
1996		60.46		25,913.90		3,064		8,073		.4038		.3145
1997		61.83		27,426.00		3,275		8,578		.4308		.3383
1998		62.66		28,861.44		3,516		9,063		.4597		.3632
1999		64.03		30,469.84		3,736		9,631		.4859		.3890
2000		66.27		32,154.82		3,992		10,252		.5148		.4158
2001		68.07		32,921.92		4,158		10,582		.5475		.4439
2002		69.01		33,252.09		4,238		10,936		.5765		.4728
2003		70.54		34,064.95		4,343		11,458		.6048		.5022
2004		72.39		35,648.55		4,540		12,214		.6297		.5315
2005		74.94		36,952.94		4,747		13,037		.6569		.5611
2006		77.33		38,651.41		5,023		13,815		.6856		.5913
2007		79.55		40,405.48		5,251		14,452		.7190		.6226
2008		82.80		41,334.97		5,413		14,713		.7529		.6548
2009		82.25		40,711.61		5,255		14,449		.7805		.6874
2010		83.95		41,673.83		5,290		14,992		.8034		.7201
2011		86.93		42,979.61		5,467		15,543		.8258		.7526
2012		88.76		44,321.67		5,687		16,197		.8458		.7846
2013		89.97		44,888.16		5,890		16,785		.8582		.8156
2014		91.33		46,481.52		6,159		17,527		.8744		.8456
2015		90.95		48,098.63		6,445		18,225		.8944		.8750
2016		91.84		48,642.15		6,638		18,715		.9125		.9035
2017		93.79		50,321.89		6,978		19,519		.9291		.9313
2018		96.18		52,145.80		7,314		20,580		.9507		.9587
Intermediate:
2019		97.78		53,756.28		7,643		21,426		.9782		.9861
2020		100.00		55,641.66		7,988		22,341		1.0000		1.0135
2021		102.43		58,112.16		8,334		23,342		1.0228		1.0403
2022		104.89		60,499.07		8,687		24,344		1.0529		1.0669
2023		107.41		62,823.60		9,071		25,369		1.0881		1.0937
2024		109.98		65,207.33		9,464		26,441		1.1281		1.1212
2025		112.62		67,697.32		9,864		27,552		1.1732		1.1501
2026		115.33		70,300.71		10,282		28,709		1.2229		1.1809
2027		118.09		73,036.06		10,720		29,917		1.2776		1.2142
2028		120.93		75,872.79		11,176		31,179		1.3364		1.2501
2029		123.83		78,696.64		11,629		32,475		1.3989		1.2888
2030		126.80		81,571.95		12,088		33,806		1.4654		1.3316
2031		129.85		84,543.02		12,563		35,194		1.5351		1.3803
2032		132.96		87,626.74		13,056		36,638		1.6081		1.4356
2033		136.15		90,824.03		13,569		38,144		1.6845		1.4977
2034		139.42		94,133.70		14,097		39,700		1.7646		1.5670
2035		142.77		97,553.46		14,639		41,307		1.8485		1.6415
2036		146.19		101,090.25		15,200		42,973		1.9364		1.7196
2037		149.70		104,736.20		15,780		44,705		2.0285		1.8013
2038		153.29		108,495.44		16,377		46,493		2.1250		1.8870
2039		156.97		112,359.48		16,995		48,351		2.2260		1.9767
2040		160.74		116,333.72		17,640		50,291		2.3319		2.0707
2041		164.60		120,429.90		18,315		52,320		2.4428		2.1692
2042		168.55		124,640.18		19,017		54,433		2.5589		2.2723
2043		172.59		128,967.68		19,751		56,647		2.6806		2.3804
2044		176.74		133,426.68		20,519		58,964		2.8081		2.4936
2045		180.98		138,027.12		21,319		61,380		2.9416		2.6122
2046		185.32		142,795.42		22,153		63,900		3.0815		2.7364
2047		189.77		147,750.45		23,026		66,533		3.2280		2.8665
2048		194.32		152,905.57		23,934		69,273		3.3815		3.0028
2049		198.99		158,260.36		24,884		72,136		3.5423		3.1456
2050		203.76		163,825.17		25,874		75,119		3.7108		3.2952
2051		208.65		169,607.54		26,907		78,230		3.8872		3.4519
2052		213.66		175,607.52		27,980		81,462		4.0721		3.6160
2053		218.79		181,822.95		29,094		84,825		4.2657		3.7880
2054		224.04		188,259.27		30,249		88,314		4.4685		3.9681
2055		229.42		194,916.95		31,448		91,939		4.6810		4.1568
2056		234.92		201,818.64		32,693		95,704		4.9036		4.3544
2057		240.56		208,983.78		33,985		99,610		5.1368		4.5615
2058		246.33		216,418.18		35,325		103,663		5.3811		4.7784
2059		252.25		224,125.71		36,715		107,870		5.6369		5.0056
2060		258.30		232,104.78		38,154		112,240		5.9050		5.2437
2061		264.50		240,363.19		39,646		116,774		6.1858		5.4930
2062		270.85		248,904.31		41,189		121,474		6.4799		5.7542
2063		277.35		257,731.26		42,787		126,348		6.7881		6.0278
2064		284.00		266,854.78		44,441		131,406		7.1109		6.3145
2065		290.82		276,280.79		46,155		136,656		7.4490		6.6147
2066		297.80		286,029.02		47,932		142,109		7.8032		6.9293
2067		304.95		296,113.97		49,776		147,776		8.1743		7.2588
2068		312.27		306,549.88		51,695		153,673		8.5630		7.6039
2069		319.76		317,358.61		53,691		159,812		8.9701		7.9655
2070		327.43		328,546.45		55,768		166,204		9.3967		8.3443
2071		335.29		340,129.60		57,928		172,854		9.8435		8.7411
2072		343.34		352,125.74		60,179		179,782		10.3116		9.1567
2073		351.58		364,539.88		62,524		187,008		10.8019		9.5922
2074		360.02		377,376.48		64,964		194,544		11.3156		10.0483
2075		368.66		390,640.80		67,504		202,410		11.8537		10.5261
2076		377.51		404,364.87		70,150		210,622		12.4173		11.0266
2077		386.57		418,581.09		72,910		219,193		13.0078		11.5510
2078		395.84		433,298.50		75,786		228,136		13.6264		12.1003
2079		405.34		448,529.56		78,785		237,467		14.2743		12.6757
2080		415.07		464,287.88		81,907		247,188		14.9531		13.2784
2081		425.03		480,583.05		85,154		257,315		15.6641		13.9098
2082		435.24		497,437.62		88,532		267,874		16.4090		14.5713
2083		445.68		514,880.91		92,045		278,874		17.1893		15.2642
2084		456.38		532,962.06		95,705		290,337		18.0067		15.9900
2085		467.33		551,706.00		99,517		302,272		18.8629		16.7503
2086		478.55		571,131.00		103,485		314,689		19.7599		17.5469
2087		490.03		591,268.30		107,613		327,596		20.6995		18.3812
2088		501.79		612,129.42		111,901		341,002		21.6838		19.2553
2089		513.84		633,735.06		116,355		354,924		22.7149		20.1709
2090		526.17		656,106.73		120,981		369,382		23.7951		21.1301
2091		538.80		679,272.63		125,783		384,399		24.9266		22.1349
2092		551.73		703,269.51		130,766		399,989		26.1119		23.1875
2093		564.97		728,142.07		135,939		416,176		27.3536		24.2901
2094		578.53		753,900.31		141,304		432,980		28.6543		25.4451
2095		592.41		780,772.56		146,900		450,425		30.0168		26.6551
Low-cost:
2019		97.12		53,803.50		7,648		21,446		.9782		.9861
2020		100.00		56,306.64		8,126		22,716		1.0000		1.0137
2021		102.85		59,561.94		8,639		24,162		1.0329		1.0415
2022		105.93		62,888.94		9,166		25,603		1.0730		1.0700
2023		109.11		66,034.38		9,727		27,045		1.1202		1.0999
2024		112.38		69,330.23		10,311		28,565		1.1729		1.1320
2025		115.76		72,801.80		10,915		30,153		1.2322		1.1670
2026		119.23		76,455.72		11,546		31,804		1.2977		1.2057
2027		122.81		80,341.39		12,211		33,538		1.3697		1.2489
2028		126.49		84,435.87		12,909		35,356		1.4480		1.2972
2029		130.28		88,628.34		13,632		37,255		1.5324		1.3508
2030		134.19		92,969.62		14,351		39,249		1.6226		1.4108
2031		138.22		97,511.98		15,106		41,355		1.7181		1.4783
2032		142.37		102,280.47		15,900		43,569		1.8192		1.5541
2033		146.64		107,283.63		16,735		45,906		1.9262		1.6386
2034		151.04		112,525.86		17,607		48,350		2.0396		1.7327
2035		155.57		118,010.03		18,517		50,909		2.1596		1.8347
2036		160.23		123,748.57		19,471		53,597		2.2866		1.9427
2037		165.04		129,734.27		20,473		56,427		2.4212		2.0570
2038		169.99		135,973.55		21,521		59,396		2.5636		2.1780
2039		175.09		142,463.94		22,624		62,526		2.7145		2.3061
2040		180.34		149,221.69		23,792		65,841		2.8742		2.4418
2041		185.75		156,269.83		25,029		69,350		3.0433		2.5855
2042		191.33		163,604.87		26,339		73,064		3.2224		2.7377
2043		197.07		171,238.88		27,727		77,005		3.4120		2.8987
2044		202.98		179,202.27		29,201		81,186		3.6128		3.0693
2045		209.07		187,520.88		30,761		85,611		3.8253		3.2499
2046		215.34		196,243.69		32,413		90,297		4.0504		3.4411
2047		221.80		205,409.06		34,166		95,262		4.2887		3.6436
2048		228.45		215,053.28		36,020		100,505		4.5411		3.8580
2049		235.31		225,194.38		37,984		106,056		4.8083		4.0850
2050		242.37		235,857.53		40,060		111,916		5.0912		4.3253
2051		249.64		247,063.88		42,255		118,105		5.3908		4.5798
2052		257.13		258,829.80		44,569		124,627		5.7080		4.8493
2053		264.84		271,167.93		47,009		131,506		6.0438		5.1347
2054		272.79		284,104.95		49,578		138,746		6.3994		5.4368
2055		280.97		297,656.20		52,281		146,363		6.7760		5.7567
2056		289.40		311,867.03		55,127		154,383		7.1747		6.0954
2057		298.08		326,787.47		58,125		162,817		7.5968		6.4541
2058		307.02		342,443.66		61,281		171,693		8.0438		6.8338
2059		316.23		358,861.79		64,600		181,029		8.5171		7.2359
2060		325.72		376,060.02		68,092		190,854		9.0183		7.6617
2061		335.49		394,070.80		71,763		201,192		9.5489		8.1125
2062		345.56		412,922.54		75,620		212,058		10.1108		8.5898
2063		355.93		432,643.14		79,675		223,487		10.7057		9.0953
2064		366.60		453,275.71		83,941		235,516		11.3356		9.6304
2065		377.60		474,853.73		88,429		248,184		12.0026		10.1971
2066		388.93		497,433.49		93,159		261,534		12.7089		10.7971
2067		400.60		521,067.63		98,145		275,611		13.4566		11.4324
2068		412.61		545,811.55		103,409		290,463		14.2484		12.1051
2069		424.99		571,735.09		108,968		306,140		15.0868		12.8173
2070		437.74		598,879.00		114,843		322,704		15.9745		13.5715
2071		450.88		627,311.06		121,048		340,186		16.9145		14.3700
2072		464.40		657,100.48		127,620		358,682		17.9097		15.2156
2073		478.33		688,294.47		134,571		378,240		18.9635		16.1109
2074		492.68		720,936.19		141,921		398,937		20.0793		17.0588
2075		507.46		755,076.36		149,691		420,844		21.2608		18.0626
2076		522.69		790,813.17		157,908		444,033		22.5118		19.1254
2077		538.37		828,263.50		166,605		468,567		23.8364		20.2507
2078		554.52		867,494.06		175,812		494,533		25.2389		21.4423
2079		571.16		908,582.45		185,547		521,983		26.7240		22.7039
2080		588.29		951,608.70		195,835		550,991		28.2964		24.0398
2081		605.94		996,641.09		206,700		581,637		29.9614		25.4543
2082		624.12		1,043,783.50		218,166		614,000		31.7243		26.9520
2083		642.84		1,093,150.17		230,269		648,179		33.5909		28.5379
2084		662.13		1,144,902.17		243,046		684,244		35.5674		30.2171
2085		681.99		1,199,158.41		256,531		722,271		37.6602		31.9950
2086		702.45		1,256,032.16		270,758		762,347		39.8761		33.8776
2087		723.52		1,315,665.76		285,762		804,553		42.2225		35.8710
2088		745.23		1,378,164.54		301,571		848,978		44.7068		37.9816
2089		767.59		1,443,649.94		318,223		895,727		47.3374		40.2165
2090		790.61		1,512,260.87		335,754		944,908		50.1227		42.5828
2091		814.33		1,584,146.28		354,205		996,646		53.0719		45.0884
2092		838.76		1,659,474.67		373,629		1,051,084		56.1947		47.7414
2093		863.92		1,738,444.96		394,080		1,108,358		59.5012		50.5505
2094		889.84		1,821,172.68		415,597		1,168,613		63.0022		53.5249
2095		916.54		1,907,985.50		438,269		1,232,021		66.7093		56.6743
High-cost:
2019		98.53		53,734.72		7,640		21,417		.9782		.9861
2020		100.00		54,616.25		7,769		21,713		1.0000		1.0133
2021		101.26		54,751.12		7,727		21,706		1.0123		1.0392
2022		102.84		56,458.29		7,937		22,402		1.0238		1.0639
2023		104.68		58,230.18		8,156		23,145		1.0482		1.0880
2024		106.57		60,076.63		8,419		23,900		1.0794		1.1120
2025		108.48		61,905.50		8,693		24,689		1.1146		1.1364
2026		110.44		63,776.47		8,986		25,540		1.1520		1.1615
2027		112.43		65,702.99		9,289		26,420		1.1930		1.1877
2028		114.45		67,603.95		9,595		27,312		1.2366		1.2150
2029		116.51		69,365.52		9,861		28,154		1.2821		1.2426
2030		118.61		71,046.74		10,120		28,957		1.3287		1.2712
2031		120.74		72,756.73		10,384		29,782		1.3774		1.3108
2032		122.91		74,512.76		10,655		30,633		1.4279		1.3575
2033		125.13		76,312.48		10,934		31,512		1.4803		1.4029
2034		127.38		78,152.33		11,217		32,410		1.5345		1.4524
2035		129.67		80,029.78		11,503		33,323		1.5908		1.5052
2036		132.01		81,948.47		11,794		34,258		1.6491		1.5599
2037		134.38		83,903.59		12,091		35,217		1.7095		1.6165
2038		136.80		85,898.67		12,390		36,189		1.7722		1.6753
2039		139.26		87,923.90		12,694		37,183		1.8371		1.7361
2040		141.77		89,980.00		13,006		38,206		1.9045		1.7992
2041		144.32		92,074.36		13,327		39,260		1.9743		1.8645
2042		146.92		94,198.66		13,655		40,339		2.0466		1.9323
2043		149.56		96,352.93		13,993		41,450		2.1217		2.0024
2044		152.26		98,544.52		14,339		42,595		2.1994		2.0752
2045		155.00		100,776.19		14,693		43,766		2.2800		2.1506
2046		157.79		103,061.00		15,055		44,967		2.3636		2.2287
2047		160.63		105,406.41		15,428		46,202		2.4502		2.3096
2048		163.52		107,818.11		15,810		47,465		2.5401		2.3935
2049		166.46		110,293.26		16,203		48,767		2.6332		2.4805
2050		169.46		112,836.78		16,608		50,106		2.7297		2.5706
2051		172.51		115,449.81		17,024		51,483		2.8297		2.6639
2052		175.61		118,127.46		17,449		52,891		2.9334		2.7607
2053		178.77		120,865.68		17,884		54,334		3.0410		2.8610
2054		181.99		123,665.14		18,327		55,809		3.1524		2.9649
2055		185.27		126,523.32		18,779		57,319		3.2680		3.0726
2056		188.60		129,451.85		19,241		58,864		3.3878		3.1842
2057		192.00		132,459.76		19,713		60,443		3.5119		3.2999
2058		195.45		135,547.00		20,196		62,058		3.6407		3.4198
2059		198.97		138,712.16		20,688		63,709		3.7741		3.5440
2060		202.55		141,949.83		21,190		65,399		3.9124		3.6727
2061		206.20		145,260.45		21,702		67,129		4.0559		3.8061
2062		209.91		148,642.15		22,222		68,895		4.2045		3.9444
2063		213.69		152,092.72		22,752		70,698		4.3586		4.0876
2064		217.54		155,614.47		23,290		72,540		4.5184		4.2361
2065		221.45		159,206.91		23,837		74,419		4.6840		4.3900
2066		225.44		162,877.36		24,395		76,342		4.8557		4.5495
2067		229.50		166,629.78		24,964		78,308		5.0337		4.7147
2068		233.63		170,467.88		25,545		80,321		5.2182		4.8860
2069		237.83		174,398.53		26,140		82,384		5.4094		5.0634
2070		242.11		178,420.38		26,748		84,497		5.6077		5.2474
2071		246.47		182,536.15		27,369		86,659		5.8133		5.4380
2072		250.91		186,749.10		28,004		88,873		6.0263		5.6355
2073		255.42		191,056.69		28,656		91,146		6.2472		5.8402
2074		260.02		195,457.49		29,322		93,482		6.4762		6.0523
2075		264.70		199,949.48		30,003		95,885		6.7136		6.2722
2076		269.47		204,543.14		30,700		98,354		6.9597		6.5000
2077		274.32		209,248.27		31,417		100,893		7.2148		6.7361
2078		279.25		214,062.14		32,152		103,504		7.4792		6.9808
2079		284.28		218,984.69		32,905		106,186		7.7534		7.2344
2080		289.40		224,015.49		33,677		108,941		8.0375		7.4972
2081		294.61		229,152.81		34,469		111,772		8.3322		7.7695
2082		299.91		234,402.81		35,280		114,683		8.6376		8.0517
2083		305.31		239,772.20		36,110		117,675		8.9542		8.3442
2084		310.80		245,278.96		36,964		120,752		9.2824		8.6473
2085		316.40		250,928.33		37,842		123,915		9.6226		8.9614
2086		322.09		256,719.43		38,745		127,163		9.9753		9.2869
2087		327.89		262,658.98		39,671		130,494		10.3409		9.6242
2088		333.79		268,744.09		40,620		133,908		10.7200		9.9738
2089		339.80		274,972.83		41,593		137,407		11.1129		10.3361
2090		345.92		281,345.76		42,590		140,993		11.5202		10.7116
2091		352.14		287,869.20		43,610		144,668		11.9425		11.1006
2092		358.48		294,550.69		44,655		148,434		12.3802		11.5039
2093		364.94		301,399.53		45,724		152,294		12.8340		11.9217
2094		371.50		308,410.31		46,817		156,248		13.3044		12.3548
2095		378.19		315,721.87		47,954		160,299		13.7921		12.8035

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a CPI-W indexed to calendar year 2020. Historical values computed using the intermediate assumptions value for 2020. 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.