Government Spending in the United States decreased to 3334.30 USD Billion in the first quarter of 2022 from 3359.01 USD Billion in the fourth quarter of 2021. source: U.S. Bureau of Economic Analysis

Government Spending in the United States averaged 2112.59 USD Billion from 1950 until 2022, reaching an all time high of 3390.92 USD Billion in the first quarter of 2021 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 July of 2022.

Government Spending in the United States is expected to be 3441.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Government Spending is projected to trend around 3498.00 USD Billion in 2023 and 3572.00 USD Billion in 2024, according to our econometric models.

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United States Government Spending

Related Last Previous Unit Reference
Government Spending 3334.30 3359.01 USD Billion Mar 2022
Government Spending To GDP 44.00 35.68 percent of GDP Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
3334.30 3359.01 3390.92 599.63 1950 - 2022 USD Billion Quarterly
Constant Prices 2012, SA