Graph and download economic data for Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) from 1929 to 2024 about outlays, Net, federal, GDP, and USA.

The ratio of government expenditure to GDP in the United States stood at about 37.59 percent in 2024. From 2001 to 2024, the ratio rose by approximately 4.79 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the ratio will rise by around 0.27 percentage points, showing an overall upward trend with periodic ups and downs.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

Government spending in the United States was last recorded at 39.7 percent of GDP in 2024 . This dataset provides - United States Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Shares of gross domestic product: Government consumption expenditures and gross investment (A822RE1Q156NBEA) from Q1 1947 to Q2 2025 about Shares of GDP, investment, gross, consumption expenditures, consumption, government, GDP, and USA.

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.

In 2023, U.S. national health expenditure as a share of its gross domestic product (GDP) reached 17.6 percent, this was an increase on the previous year. The United States has the highest health spending based on GDP share among developed countries. Both public and private health spending in the U.S. is much higher than other developed countries. Why the U.S. pays so much moreWhile private health spending in Canada stays at around three percent and in Germany under two percent of the gross domestic product, it is nearly nine percent in the United States. Another reason for high costs can be found in physicians’ salaries, which are much higher in the U.S. than in other wealthy countries. A general practitioner in the U.S. earns nearly twice as much as the average physician in other high-income countries. Additionally, medicine spending per capita is also significantly higher in the United States. Finally, inflated health care administration costs are another of the predominant factors which make health care spending in the U.S. out of proportion. It is important to state that Americans do not pay more because they have a higher health care utilization, but mainly because of higher prices. Expected developmentsBy 2031, it is expected that health care spending in the U.S. will reach nearly one fifth of the nation’s gross domestic product. Or in dollar-terms, health care expenditures will accumulate to about seven trillion U.S. dollars in total.

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 statistic represents the U.S. defense outlays from 2000 to 2023 with an additional forecast from 2024 to 2034, as a percentage of the gross domestic product. Defense outlays amounted to 746 billion U.S. dollars in 2022, which was about three percent of the U.S. GDP. The forecast predicts an increase in defense outlays up to 1.1 trillion U.S. dollars by 2033, which would be about 2.8 percent of U.S. GDP.

United States US: GDP: Growth: Final Consumption Expenditure: General Government data was reported at 0.968 % in 2016. This records a decrease from the previous number of 1.332 % for 2015. United States US: GDP: Growth: Final Consumption Expenditure: General Government data is updated yearly, averaging 1.566 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 4.928 % in 1985 and a record low of -2.654 % in 2011. United States US: GDP: Growth: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of general government final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. General government final consumption expenditure (general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The United States recorded a Government Budget deficit equal to 6.40 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Contributions to percent change in real gross domestic product: Government consumption expenditures and gross investment: Federal (A823RY2Q224SBEA) from Q2 1947 to Q2 2025 about contributions, investment, gross, federal, percent, consumption expenditures, consumption, government, real, GDP, and USA.

Between 2010 and 2024, France constantly had the highest total government expenditure of the G7 countries in terms of share of gross domestic product (GDP). In 2024, its total expenditure was estimated to amount to ** percent of its GDP. On the other hand, the United States had the lowest government expenditure that year at ** percent of its GDP. Government spending increased in all G7 countries in 2020 to stem the effects of the COVID-19 pandemic.

As a share of gross domestic product (GDP), Ukraine spent more on its military than any other country in 2024, reaching 35 percent of the country's GDP. The high figure is due to the country being invaded by Russia in February 2022. Israel, that is fighting Hamas in the Gaza war, and Algeria followed behind.Leading military spending countriesIn gross terms, the countries with the highest military spending are the United States, China, and Russia. However, these are countries with large populations and GDPs, and smaller countries usually cannot compete alone, regardless of how much they invest. For this reason, they form alliances such as the North Atlantic Treaty Organization (NATO). NATO countries aim to pool two percent of their GDP towards their own militaries and to aid each other in case of war. Regional differencesThe past decade has seen an increase in global military spending. This has not been distributed evenly. That period saw large positive changes in military spending from several Asian countries, including a large increase from China. While this does not reflect the number of active conflicts, it reflects growing tensions in global affairs.

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.

As of the first quarter of 2025, the GDP of the U.S. fell by 0.5 percent from the fourth quarter of 2024. GDP, or gross domestic product, is effectively a count of the total goods and services produced in a country over a certain period of time. It is calculated by first adding together a country’s total consumer spending, government spending, investments and exports; and then deducting the country’s imports. The values in this statistic are the change in ‘constant price’ or ‘real’ GDP, which means this basic calculation is also adjusted to factor in the regular price changes measured by the U.S. inflation rate. Because of this adjustment, U.S. real annual GDP will differ from the U.S. 'nominal' annual GDP for all years except the baseline from which inflation is calculated. What is annualized GDP? The important thing to note about the growth rates in this statistic is that the values are annualized, meaning the U.S. economy has not actually contracted or grown by the percentage shown. For example, the fall of 29.9 percent in the second quarter of 2020 did not mean GDP is suddenly one third less than a year before. In fact, it means that if the decline seen during that quarter continued at the same rate for a full year, then GDP would decline by this amount. Annualized values can therefore exaggerate the effect of short-term economic shocks, as they only look at economic output during a limited period. This effect can be seen by comparing annualized quarterly growth rates with the annual GDP growth rates for each calendar year.

Military expenditure (% of GDP) in United States was reported at 3.3618 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Military expenditure (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The statistic shows the gross national debt of the United States from 2019 to 2024 in relation to the gross domestic product (GDP), with projections up until 2030. In 2024, the national debt of the United States was at around 120.79 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.

The Gross Domestic Product (GDP) in the United States expanded 3.30 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about United States Government Debt: % of GDP

• United States Government debt accounted for 124.0 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 123.1 % in the previous quarter.
• US government debt to GDP ratio data is updated quarterly, available from Mar 1969 to Dec 2024.
• The data reached an all-time high of 130.4 % in Mar 2021 and a record low of 31.8 % in Sep 1974.

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


Related information about United States Government Debt: % of GDP

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

United States US: GDP: % of GDP: Gross National Expenditure data was reported at 102.799 % in 2016. This records a decrease from the previous number of 102.892 % for 2015. United States US: GDP: % of GDP: Gross National Expenditure data is updated yearly, averaging 101.190 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 105.564 % in 2006 and a record low of 98.994 % in 1964. United States US: GDP: % of GDP: Gross National Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment).; ; World Bank national accounts data, and OECD National Accounts data files.; ;