Government Spending in the United States decreased to 3320.40 USD Billion in the fourth quarter of 2020 from 3327.20 USD Billion in the third quarter of 2020. source: U.S. Bureau of Economic Analysis

Government Spending in the United States averaged 2090.93 USD Billion from 1950 until 2020, reaching an all time high of 3368.73 USD Billion in the second quarter of 2020 and a record low of 599.63 USD Billion in the first quarter of 1950. This page provides the latest reported value for - United States Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Government Spending - values, historical data and charts - was last updated on April of 2021.

Government Spending in the United States is expected to be 3355.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in the United States to stand at 3444.00 in 12 months time. In the long-term, the United States Government Spending is projected to trend around 3513.00 USD Billion in 2022 and 3587.00 USD Billion in 2023, according to our econometric models.

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United States Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
3320.40 3327.20 3368.73 599.63 1950 - 2020 USD Billion Quarterly
Constant Prices 2012, SA

United States Government Last Previous Highest Lowest Unit
Government Debt to GDP 107.60 106.90 118.90 31.80 percent [+]
Government Budget -4.60 -3.80 4.50 -9.80 percent of GDP [+]
Government Budget Value -660000.00 -310922.00 214255.00 -864074.00 USD Million [+]
Government Spending 3320.40 3327.20 3368.73 599.63 USD Billion [+]
Government Revenues 267614.00 248314.00 563496.00 33111.00 USD Million [+]
Government Debt 28132570.00 27902364.00 28132570.00 60000.00 USD Million [+]
Fiscal Expenditure 927206.00 559236.00 1104903.00 3842.00 USD Million [+]
Asylum Applications 191367.00 214249.00 214249.00 24616.00 Persons [+]
Credit Rating 98.00 [+]
Military Expenditure 718689.00 682491.00 849867.00 144966.00 USD Million [+]
Government Spending To GDP 44.00 35.68 44.00 33.40 percent [+]

United States Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.