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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.
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The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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.
In 2024, the budget balance in relation to the gross domestic product (GDP) in the United States stood at about -7.26 percent. Between 2001 and 2024, the figure dropped by approximately 6.72 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by around 1.65 percentage points, showing an overall upward trend with periodic ups and downs.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 expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
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The United States recorded a Government Budget deficit equal to 6.30 percent of the country's Gross Domestic Product in 2023. This dataset provides - United States Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Graph and download economic data for Federal government budget surplus or deficit (-) from 1952 to 2023 about budget, federal, government, GDP, and USA.
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Graph and download economic data for Federal Debt Held by the Public as Percent of Gross Domestic Product (FYGFGDQ188S) from Q1 1970 to Q1 2025 about public, debt, federal, GDP, and USA.
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Key information about US Consolidated Fiscal Balance: % of GDP
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Key information about United States Government Debt: % of GDP
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United States - Federal Surplus or Deficit [-] as Percent of Gross Domestic Product was -6.28277 % of GDP in September of 2023, according to the United States Federal Reserve. Historically, United States - Federal Surplus or Deficit [-] as Percent of Gross Domestic Product reached a record high of 4.50401 in June of 1948 and a record low of -29.55255 in June of 1943. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Surplus or Deficit [-] as Percent of Gross Domestic Product - last updated from the United States Federal Reserve on June of 2025.
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Graph and download economic data for Gross Federal Debt Held by the Public as Percent of Gross Domestic Product (FYPUGDA188S) from 1939 to 2023 about public, gross, debt, federal, GDP, and USA.
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.
The statistic shows the national debt of the United States from 2019 to 2022 in relation to the gross domestic product (GDP), with projections up until 2029. In 2022, the national debt of the United States was at around 120.03 percent of the gross domestic product. See the US GDP for further information. US finances There has been a dramatic increase in the public debt of the United States since 1990, although the month-to-month change has been quite stable over the last few months. Public debt is defined as the amount of money borrowed by a country to cover budget deficits. A ranking of individual state debt in the United States shows that California is leading by a clear margin, with more than double the amount of runner-up New York. Vermont, North Dakota and South Dakota are the states with the lowest amount of debt. Even before the recession of 2008, the national debt of the United States had been increasing steadily and excessively, and it is predicted to rise even further. Budget cuts and fewer job opportunities as a result of the crisis are taking their toll on the American economy, which is still recovering. Trade figures as well as unemployment are still below average. Subsequently, the national debt and the national debt of the United States per capita have more or less quadrupled since the 1990s. Interestingly, the United States is not even among the top ten of countries with the highest public debt in relation to gross domestic product in international comparison. Japan, Greece and Italy – among others – report far higher figures than the United States.
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Interactive chart of historical data comparing the level of gross domestic product (GDP) with Federal Debt.
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Key information about United States Total Debt: % of GDP
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The United Kingdom recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - United Kingdom Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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United States CBO Projection: Deficit or Surplus: Off-Budget: % of GDP data was reported at -1.182 % in 2035. This records a decrease from the previous number of -1.146 % for 2034. United States CBO Projection: Deficit or Surplus: Off-Budget: % of GDP data is updated yearly, averaging -0.087 % from Sep 2007 (Median) to 2035, with 29 observations. The data reached an all-time high of 1.320 % in 2007 and a record low of -1.182 % in 2035. United States CBO Projection: Deficit or Surplus: Off-Budget: % of GDP data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.F007: Federal Government Receipts and Outlays: Projection. Refer to ID: 448572167 for historic actual figures
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United States Gross Federal Debt: Held by the Public: as % of GDP data was reported at 97.200 % in 2023. This records an increase from the previous number of 95.800 % for 2022. United States Gross Federal Debt: Held by the Public: as % of GDP data is updated yearly, averaging 43.600 % from Sep 1940 (Median) to 2023, with 84 observations. The data reached an all-time high of 106.100 % in 1946 and a record low of 23.200 % in 1974. United States Gross Federal Debt: Held by the Public: as % of GDP data remains active status in CEIC and is reported by Office of Management and Budget. The data is categorized under Global Database’s United States – Table US.F072: Federal Debt: Annual.
The budget balance in relation to the gross domestic product (GDP) in Canada was about -2.15 percent in 2024. Between 1980 and 2024, the budget balance rose by approximately 1.89 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance will steadily rise by around 1.36 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.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 expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
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United States - Federal Debt: Total Public Debt as Percent of Gross Domestic Product was 120.80844 % of GDP in January of 2025, according to the United States Federal Reserve. Historically, United States - Federal Debt: Total Public Debt as Percent of Gross Domestic Product reached a record high of 132.81490 in April of 2020 and a record low of 30.60333 in July of 1981. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Debt: Total Public Debt as Percent of Gross Domestic Product - last updated from the United States Federal Reserve on July of 2025.
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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.