Government Spending in the United States increased to 44 percent of the GDP in 2020 from 35.68 percent in 2019. source: U.S. Bureau of Economic Analysis
Government Spending To GDP in the United States averaged 37.20 percent from 1970 until 2020, reaching an all time high of 44 percent in 2020 and a record low of 33.40 percent in 1973. This page provides - United States Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Government Spending To GDP - values, historical data and charts - was last updated on July of 2022.
Government Spending To GDP in the United States is expected to reach 40.30 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Government Spending To GDP is projected to trend around 38.40 percent of GDP in 2022, according to our econometric models.