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 U.S. budget deficit amounted to roughly 1.7 trillion U.S. dollars in 2023, which was around 6.3 percent of the U.S. GDP. The forecast predicts a state deficit of about 2.58 trillion U.S. dollars in 2034, which would be about 6.2 percent of the U.S. GDP. The GDP of the United States since 1990 can be accessed here.

Key information about US Consolidated Fiscal Balance: % of GDP

• United States Consolidated Fiscal Balance recorded a deficit equal to 7.0 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 6.4 % in the previous quarter
• US Consolidated Fiscal Balance to GDP data is updated quarterly, available from Sep 1981 to Dec 2024, with an average ratio of -3.4 %
• The data reached an all-time high of 2.5 % in Dec 2000 and a record low of -19.0 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Bureau of the Fiscal Service provides Consolidated Fiscal Balance in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Consolidated Fiscal Balance covers Central Government only.


Further information about US Consolidated Fiscal Balance: % of GDP

• In the latest reports, US National Government Debt reached 36,220.2 USD bn in Jan 2025
• US Nominal GDP reached 6,632.4 USD bn in Mar 2023

The budget balance in relation to the GDP in the United States was forecast to increase between 2024 and 2029 by in total 1.6 percentage points. This overall increase does not happen continuously, notably not in 2028. The budget balance is estimated to amount to -6.04 percent in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more statistics on other topics about the United States with key insights such as the annual average consumer price index, ratio of the national debt to the gross domestic product, and the gross domestic product in current prices.

The budget balance in relation to the GDP in Japan was forecast to increase between 2024 and 2029 by in total 2.1 percentage points. This overall increase does not happen continuously, notably not in 2027, 2028 and 2029. The budget balance is estimated to amount to -3.98 percent in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Taiwan, China, and Mongolia.

Key information about China Consolidated Fiscal Balance: % of GDP

• China Consolidated Fiscal Balance recorded a deficit equal to 4.8 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.9 % in the previous quarter
• China Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1995 to Dec 2024, with an average ratio of -2.0 %
• The data reached an all-time high of 1.4 % in Jun 2008 and a record low of -6.1 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of Finance provides year-to-date Consolidated Fiscal Balance in local currency. The National Bureau of Statistics provides year-to-date Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP prior to Q4 2007 is calculated from non year-to-date Consolidated Fiscal Balance.


Further information about China Consolidated Fiscal Balance: % of GDP

• In the latest reports, China National Government Debt reached 4,230.0 USD bn in Dec 2023
• China Nominal GDP reached 4,166.8 USD bn in Mar 2023

Japan recorded a Government Budget deficit equal to 6.40 percent of the country's Gross Domestic Product in 2022. This dataset provides - Japan Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Brazil Consolidated Fiscal Balance: % of GDP

• Brazil Consolidated Fiscal Balance recorded a deficit equal to 5.8 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 7.3 % in the previous quarter
• Brazil Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1997 to Dec 2024, with an average ratio of -3.1 %
• The data reached an all-time high of 0.3 % in Dec 1997 and a record low of -12.7 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and monthly Nominal GDP. The Central Bank of Brazil provides Consolidated Fiscal Balance and Nominal GDP in local currency based on SNA 2008. Consolidated Fiscal Balance covers Central Government only. Consolidated Fiscal Balance prior Q1 2006 is based on SNA 1993.


Further information about Brazil Consolidated Fiscal Balance: % of GDP

• In the latest reports, Brazil National Government Debt reached 1,452.8 USD bn in Dec 2024
• Brazil Nominal GDP reached 491.3 USD bn in Mar 2023

Graph and download economic data for Federal government budget surplus or deficit (-) (M318501Q027NBEA) from Q3 1959 to Q4 2023 about budget, federal, government, GDP, and USA.

Ukraine Govt Finance: Consolidated Budget: Deficit: in % of GDP data was reported at 4.600 % in 2014. This records an increase from the previous number of 4.200 % for 2013. Ukraine Govt Finance: Consolidated Budget: Deficit: in % of GDP data is updated yearly, averaging 3.200 % from Dec 1992 (Median) to 2014, with 23 observations. The data reached an all-time high of 13.800 % in 1992 and a record low of 0.200 % in 2003. Ukraine Govt Finance: Consolidated Budget: Deficit: in % of GDP data remains active status in CEIC and is reported by National Bank of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.F007: Government Finance.

Turkey recorded a Government Budget deficit equal to 5.20 percent of the country's Gross Domestic Product in 2023. This dataset provides the latest reported value for - Turkey Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Turkey Consolidated Fiscal Balance: % of GDP

• Turkey Consolidated Fiscal Balance recorded a deficit equal to 5.2 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 5.0 % in the previous quarter
• Turkey Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2006 to Dec 2024, with an average ratio of -1.8 %
• The data reached an all-time high of -0.6 % in Sep 2008 and a record low of -5.6 % in Mar 2024

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. Republic of Turkey, Ministry of Treasury and Finance provides year-to-date Consolidated Fiscal Balance in local currency. Turkish Statistical Institute provides Nominal GDP in local currency.


Further information about Turkey Consolidated Fiscal Balance: % of GDP

• In the latest reports, Turkey National Government Debt reached 254.3 USD bn in Dec 2022
• Turkey Nominal GDP reached 245.5 USD bn in Mar 2023

The budget balance in relation to the GDP in Mexico was forecast to increase between 2024 and 2029 by in total 3.2 percentage points. This overall increase does not happen continuously, notably not in 2027. The budget balance is estimated to amount to -2.67 percent in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more statistics on other topics about Mexico with key insights such as the gross domestic product per capita, the growth of the real the gross domestic product, and the ratio of government expenditure to the gross domestic product.

Spain recorded a Government Budget deficit equal to 3.60 percent of the country's Gross Domestic Product in 2023. This dataset provides the latest reported value for - Spain Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Italy recorded a Government Budget deficit equal to 3.40 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Italy Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The budget balance in relation to the GDP in Russia was forecast to increase between 2024 and 2029 by in total 1.1 percentage points. This overall increase does not happen continuously, notably not in 2026, 2028 and 2029. The budget balance is estimated to amount to -0.81 percent in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more statistics on other topics about Russia with key insights such as the growth of the real the gross domestic product, the gross domestic product per capita, and the total population.

The budget balance in relation to the GDP in Canada was forecast to continuously increase between 2024 and 2029 by in total 1.4 percentage points. According to this forecast, in 2029, the budget balance will have increased for the fifth consecutive year to -0.6 percent. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more statistics on other topics about Canada with key insights such as the national debt, ratio of the national debt to the gross domestic product, and the average inflation rate.

Vietnam recorded a Government Budget deficit equal to 4 percent of the country's Gross Domestic Product in 2023. This dataset provides - Vietnam Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The United States recorded a Government Debt to GDP of 122.30 percent of the country's Gross Domestic Product in 2023. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iran recorded a Government Budget deficit equal to 5.50 percent of the country's Gross Domestic Product in 2023. This dataset provides - Iran Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.