Federal revenue amounted to **** trillion U.S. dollars in 2024, which was about **** percent of the U.S. GDP. The forecast predicts an increase in federal revenue up to ***** trillion U.S. dollars in 2035, which would be about **** percent of the respective U.S. GDP.

Key information about US Tax revenue: % of GDP

• United States Tax revenue: % of GDP was reported at 16.5 % in Dec 2024.
• This records an increase from the previous number of 16.1 % for Dec 2023.
• US Tax revenue: % of GDP data is updated yearly, averaging 18.0 % from Dec 1968 to 2024, with 57 observations.
• The data reached an all-time high of 19.5 % in 2000 and a record low of 13.7 % in 2009.
• US Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

CEIC calculates annual Tax Revenue as % of Nominal GDP from monthly Tax Revenue and annual Nominal GDP. Tax Revenue is calculated as the sum of Individual Income Taxes, Corporation Income Taxes, Social Insurance Taxes, Excise Tax, Estate and Gift Taxes and Customs Duties. The Bureau of the Fiscal Service provides Tax Revenue in USD. The Bureau of Economic Analysis provides Nominal GDP in USD.

In 2023, revenue from individual income tax accounted for 49 percent of total tax revenues collected by the U.S. federal government. By 2029, these taxes are expected to account for 52 percent, reflecting a small decrease. Corporation income tax, however, is expected to increase from 9.4 percent in 2023, to 10.9 percent by 2029.

In 2024, the total revenues of the U.S. government totaled around 4.92 trillion U.S. dollars. Revenues consist of individual and corporate income taxes, payroll taxes and other taxes. Individual income taxes amounted to 2.43 trillion U.S. dollars in 2024, whereas corporate income taxes totaled 530 billion U.S. dollars.

Graph and download economic data for Federal government current tax receipts (W006RC1Q027SBEA) from Q1 1947 to Q2 2025 about receipts, tax, federal, government, GDP, and USA.

Graph and download economic data for Federal government current tax receipts: Taxes on production and imports: Customs duties (B235RC1Q027SBEA) from Q1 1959 to Q2 2025 about receipts, imports, tax, federal, production, government, GDP, and USA.

In the fiscal year of 2024, the state of California collected a total of 265 billion U.S. dollars in tax revenue, the highest of any state. New York collected the second highest amount of taxes in that year, coming in at 120 billion U.S. dollars.

Actual value and historical data chart for United States Interest Payments Percent Of Revenue

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 Federal government current expenditures: Interest payments (A091RC1Q027SBEA) from Q1 1947 to Q2 2025 about payments, expenditures, federal, government, interest, GDP, and USA.

Revenue from income tax in the United States amounted to about 2.43 trillion U.S. dollars in 2024. The forecast predicts an increase in income tax revenues up to 4.41 trillion U.S. dollars in 2035.

Between 2010 and 2024, France constantly had the highest total government revenue of the G7 countries in terms of share of gross domestic product (GDP). In 2024, its total income amounted to an estimated ** percent of its GDP. It was also the G7 country with the highest government spending over the same period. On the other hand, the United States had the lowest government income that year at ** percent of its GDP.

Graph and download economic data for Federal government current tax receipts: Taxes on corporate income (B075RC1Q027SBEA) from Q1 1947 to Q2 2025 about receipts, tax, corporate, federal, government, income, GDP, and USA.

This dataset presents information on historical central government revenues for 31 countries in Europe and the Americas for the period from 1800 (or independence) to 2012. The countries included are: Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Canada, Chile, Colombia, Denmark, Ecuador, Finland, France, Germany (West Germany between 1949 and 1990), Ireland, Italy, Japan, Mexico, New Zealand, Norway, Paraguay, Peru, Portugal, Spain, Sweden, Switzerland, the Netherlands, the United Kingdom, the United States, Uruguay, and Venezuela. In other words, the dataset includes all South American, North American, and Western European countries with a population of more than one million, plus Australia, New Zealand, Japan, and Mexico. The dataset contains information on the public finances of central governments. To make such information comparable cross-nationally the researchers chose to normalize nominal revenue figures in two ways: (i) as a share of the total budget, and (ii) as a share of total gross domestic product. The total tax revenue of the central state is disaggregated guided by the Government Finance Statistics Manual 2001 of the International Monetary Fund (IMF) which provides a classification of types of revenue, and describes in detail the contents of each classification category. Given the paucity of detailed historical data and the needs of our project, researchers combined some subcategories. First, they were interested in total tax revenue, as well as the shares of total revenue coming from direct and indirect taxes. Further, they measured two sub-categories of direct taxation, namely taxes on property and income. For indirect taxes, they separated excises, consumption, and customs.

Graph and download economic data for Federal Government: Current Expenditures (FGEXPND) from Q1 1947 to Q2 2025 about expenditures, federal, government, GDP, and USA.

United States FGCR: saar: Current Tax Receipts (CTXR) data was reported at 1,739.700 USD bn in Mar 2013. This records an increase from the previous number of 1,690.000 USD bn for Dec 2012. United States FGCR: saar: Current Tax Receipts (CTXR) data is updated quarterly, averaging 340.800 USD bn from Mar 1947 (Median) to Mar 2013, with 265 observations. The data reached an all-time high of 1,739.700 USD bn in Mar 2013 and a record low of 31.500 USD bn in Dec 1949. United States FGCR: saar: Current Tax Receipts (CTXR) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A144: NIPA 2009: Federal Government Revenue and Expenditure: Seasonally Adjusted at Annual Rates.

The total receipts of the United States government added up to about 4.92 trillion U.S. dollars in 2024. This was a slight increase from 2023 levels.

Income tax revenue in the United States was 8.4 percent of GDP in 2024. This amounted to a total value of 2.4 trillion U.S. dollars. The share of this expenditure was expected to increase to 10 percent of U.S. GDP by 2035.The annual inflation rate in the U.S. since 1990 can be accessed here.

United States Federal Government Total Receipts: saar: Capital Transfer Receipts data was reported at 17.700 USD bn in Mar 2013. This records a decrease from the previous number of 18.400 USD bn for Dec 2012. United States Federal Government Total Receipts: saar: Capital Transfer Receipts data is updated quarterly, averaging 5.900 USD bn from Mar 1947 (Median) to Mar 2013, with 265 observations. The data reached an all-time high of 31.500 USD bn in Mar 2006 and a record low of 0.600 USD bn in Dec 1950. United States Federal Government Total Receipts: saar: Capital Transfer Receipts data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A144: NIPA 2009: Federal Government Revenue and Expenditure: Seasonally Adjusted at Annual Rates.

United States Government Total Receipts (GTR): saar data was reported at 5,522.924 USD bn in Mar 2018. This records a decrease from the previous number of 6,603.142 USD bn for Dec 2017. United States Government Total Receipts (GTR): saar data is updated quarterly, averaging 953.620 USD bn from Mar 1947 (Median) to Mar 2018, with 285 observations. The data reached an all-time high of 6,603.142 USD bn in Dec 2017 and a record low of 53.228 USD bn in Dec 1949. United States Government Total Receipts (GTR): saar data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A066: NIPA 2013: Government Revenue and Expenditure: Seasonally Adjusted at Annual Rates.