Puget Sound Regional Council

The PSRC Macroeconomic Forecast provides annual projections of total households, persons, jobs, and other economic and demographic variables through the year 2040, at the regional scale. It is a key input into PSRC’s land use model (UrbanSim).

  • How is the Macroeconomic Forecast developed?
    • PSRC utilizes an in-house econometric model system developed specifically for the central Puget Sound region by the economics consulting firm ECONorthwest. The model equations are estimated using over four decades of historical data; other key inputs are a national macroeconomic forecast and a regional aerospace forecast, developed separately.
      Before producing a new forecast, PSRC and its consultants update the historical data series, and re-examine and enhance the models themselves to reflect new knowledge and recent developments in the field. Model output is carefully reviewed both internally and by PSRC’s Land Use Technical Advisory Committee prior to forecast finalization.

Download the Regional Macroeconomic Forecast [xlsx]

The previous Macroeconomic Forecast is archived here [pdf]

Contact

Michael Jensen
206-464-7538

 

Puget Sound Regional Council • 1011 Western Ave, Suite 500 • Seattle, WA 98104 • 206-464-7090