In 2023, the U.S. government had a budget deficit of 1.69 trillion U.S. dollars. This is compared to 2000, when the government had a budget surplus of 0.24 trillion U.S. dollars.

U.S. Government budget

The government budget is a financial statement that demonstrates the government’s suggested revenues and spending for the financial year. Budget surpluses occur when income exceeds expenditures. Budget deficits occur when spending exceeds income. The budget balance of the U.S. government has fluctuated since 2016, and is expected to decrease slightly by 2026.

Military spending

Defense outlays in the United States amounted to 714 billion U.S. dollars in 2020. It is expected to continue to increase over the next several years. The United States currently has the largest defense budget in the world, and is the largest employer in the world. The military budget funds the Army, Marine Corps, Navy, and Air Force. The amount of funding that goes towards the Department of Defense is heavily criticized by Democrats in the United States, because they believe that the funding should be more evenly distributed towards other social welfare programs such as public health insurance and education.

Graph and download economic data for Federal Surplus or Deficit - from 1901 to 2024 about budget, federal, and USA.

Graph and download economic data for Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSGDA188S) from 1929 to 2024 about budget, federal, GDP, and USA.

The United States recorded a trade deficit of 78.31 USD Billion in July of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

India All States: Overall Surplus or Deficit data was reported at -99,125.966 INR mn in 2025. This records an increase from the previous number of -823,774.464 INR mn for 2024. India All States: Overall Surplus or Deficit data is updated yearly, averaging 23,456.000 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 3,282,496.545 INR mn in 2020 and a record low of -823,774.464 INR mn in 2024. India All States: Overall Surplus or Deficit data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF001: State Finances: At A Glance.

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

China recorded a trade surplus of 102.33 USD Billion in August of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Belgium Big Credit Inst: Liabilities in FC: OR: Revaluation Surpluses data was reported at 0.000 EUR mn in Jan 2025. This stayed constant from the previous number of 0.000 EUR mn for Dec 2024. Belgium Big Credit Inst: Liabilities in FC: OR: Revaluation Surpluses data is updated monthly, averaging 0.000 EUR mn from Dec 1992 (Median) to Jan 2025, with 386 observations. The data reached an all-time high of 3.000 EUR mn in Dec 1998 and a record low of 0.000 EUR mn in Jan 2025. Belgium Big Credit Inst: Liabilities in FC: OR: Revaluation Surpluses data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.KB018: Balance Sheet: Big Credit Institutions: Foreign Currency.

This statistic shows the United States goods trade deficit with China from 2014 to 2024. In 2024, the value of U.S. imports from China exceeded the exports to China by around ***** billion U.S. dollars.

Germany recorded a Current Account surplus of 14774.93 EUR Million in July of 2025. This dataset provides - Germany Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia Government Budget: Surplus or Deficit data was reported at -199.000 AUD mn in Mar 2025. This records a decrease from the previous number of 14,153.000 AUD mn for Feb 2025. Australia Government Budget: Surplus or Deficit data is updated monthly, averaging -496.100 AUD mn from Jul 1973 (Median) to Mar 2025, with 591 observations. The data reached an all-time high of 26,767.000 AUD mn in May 2023 and a record low of -33,374.000 AUD mn in Jul 2020. Australia Government Budget: Surplus or Deficit data remains active status in CEIC and is reported by Department of Finance. The data is categorized under Global Database’s Australia – Table AU.F007: General Government: Cashflow Statement.

India All States: Revenue Account Surplus or Deficit data was reported at -801,194.654 INR mn in 2025. This records an increase from the previous number of -1,408,936.007 INR mn for 2024. India All States: Revenue Account Surplus or Deficit data is updated yearly, averaging -177,691.952 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 429,427.300 INR mn in 2008 and a record low of -3,712,220.707 INR mn in 2021. India All States: Revenue Account Surplus or Deficit data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF001: State Finances: At A Glance.

The European Union's share of both world exports and imports has on average been falling for the past two decades. During this time, the EU opened up a small trade deficit during the years around the Great Recession and the Eurozone crisis, before sustaining a large surplus in the years after 2011. This surplus was driven by exporting countries such as Germany who specialize in exporting products such as chemicals, manufactured products and heavy machinery, while the cost competitiveness of EU exporters was maintained by a decade which saw little real wage growth for EU workers. On the other hand, the EU also imported heavy manufactured goods, while being a notable energy and fuel importer. The economic problems experienced in the wake of Russia's invasion of Ukraine in 2022 led to Europe once more opening up a trade deficit, while this once more became a surplus in 2023 and 2024, as Europe's share of world imports sank bank to 14.4 percent and the exports to 15.8 percent.

Key information about China's Trade Balance

• China's Trade Balance recorded a surplus of 104.8 USD bn in Dec 2024, compared with a surplus of 97.3 USD bn in the previous month
• China's Trade Balance data is updated monthly, available from Jan 1992 to Dec 2024, with an averaged value of 12.8 USD bn
• The data reached an all-time high of 104.8 USD bn in Dec 2024 and a record low of -62.0 USD bn in Feb 2020

CEIC extends history for monthly Trade Balance. The General Administration of Customs provides monthly Trade Balance in USD.

Further information about China's Trade Balance

• In the latest reports, China's Total Exports reached 335.6 USD bn in Dec 2024, an increase of 20.8% YoY (year-on-year)
• Total Imports recorded 230.8 USD bn in Dec 2024, an increase of 20.8% YoY (year-on-year)

Botswana Government Budget: Surplus/Deficit: Annual data was reported at -6,545.460 BWP mn in 2023. This records a decrease from the previous number of -127.890 BWP mn for 2022. Botswana Government Budget: Surplus/Deficit: Annual data is updated yearly, averaging 62.205 BWP mn from Mar 1974 (Median) to 2023, with 50 observations. The data reached an all-time high of 7,660.270 BWP mn in 2007 and a record low of -16,414.470 BWP mn in 2021. Botswana Government Budget: Surplus/Deficit: Annual data remains active status in CEIC and is reported by Bank of Botswana. The data is categorized under Global Database’s Botswana – Table BW.F003: Government Budget. The series is revised monthly by the Bank of Botswana.

Key information about Canada's Trade Balance

• Canada's Trade Balance recorded a surplus of 2.8 USD bn in Jan 2025, compared with a surplus of 1.2 USD bn in the previous month
• Canada's Trade Balance data is updated monthly, available from Jan 1988 to Jan 2025, with an averaged value of 800.0 USD mn
• The data reached an all-time high of 6.4 USD bn in Oct 2005 and a record low of -4.3 USD bn in Dec 2018

CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports. Statistics Canada provides Total Exports and Total Imports in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Further information about Canada's Trade Balance

• In the latest reports, Canada's Total Exports reached 51.8 USD bn in Jan 2025, an increase of 14.1% YoY (year-on-year)
• Total Imports recorded 49.0 USD bn in Jan 2025, an increase of 14.1% YoY (year-on-year)

India recorded a trade deficit of 27.35 USD Billion in July of 2025. This dataset provides the latest reported value for - India Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Austria Current Account Balance

• Austria Current Account recorded a surplus of 5.2 USD bn in Mar 2023, compared with a surplus of 2.5 USD bn in the previous quarter.
• Austria Current Account Balance: USD mn data is updated quarterly, available from Mar 1970 to Mar 2023, with an averaged value of 7.2 USD mn.
• The data reached an all-time high of 9.3 USD bn in Mar 2008 and a record low of -3.2 USD bn in Jun 1995.
• CEIC converts quarterly Current Account Balance into USD. Oesterreichische Nationalbank provides Current Account Balance in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. Current Account Balance prior to Q1 1995 is sourced from the International Monetary Fund.
• Foreign Direct Investment (FDI) increased by 1.4 USD bn in Mar 2023.
• Austria Direct Investment Abroad expanded by 6.3 USD bn in Mar 2023.
• Its Foreign Portfolio Investment increased by 21.6 USD bn in Mar 2023.
• The country's Nominal GDP was reported at 126.6 USD bn in Mar 2023.

Uttar Pradesh: Revenue Surplus or Deficit data was reported at 36,775.900 INR mn in Feb 2025. This records a decrease from the previous number of 173,795.900 INR mn for Jan 2025. Uttar Pradesh: Revenue Surplus or Deficit data is updated monthly, averaging 9,464.900 INR mn from Apr 2008 (Median) to Feb 2025, with 203 observations. The data reached an all-time high of 634,630.400 INR mn in Mar 2020 and a record low of -142,252.800 INR mn in Mar 2024. Uttar Pradesh: Revenue Surplus or Deficit data remains active status in CEIC and is reported by Comptroller and Auditor General of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FD027: State Accounts: Uttar Pradesh.

Key information about Thailand Current Account Balance

• Thailand Current Account recorded a surplus of 2.7 USD bn in Jan 2025, compared with a surplus of 2.9 USD bn in the previous month.
• Thailand Current Account Balance: USD mn data is updated monthly, available from Jan 1985 to Jan 2025, with an averaged value of 82.9 USD mn.
• The data reached an all-time high of 7.2 USD bn in Feb 2016 and a record low of -4.1 USD bn in Apr 2013.
• CEIC extends history for monthly Current Account Balance. The Bank of Thailand provides Current Account Balance in USD based on BPM6. Current Account Balance prior to January 2005 is based on BPM5.
• Thailand Direct Investment Abroad expanded by 2.3 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 2.8 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 132.0 USD bn in Mar 2023.