USA: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series

Fiscal balance, percent of GDP

 Latest value -9.25
 Year 2023
 Measure percent
 Data availability 1960 - 2023
 Average -5.16
 Min - Max -15.85 - 0.92
 Source Federal Reserve Bank (USA)
For that indicator, we provide data for the USA from 1960 to 2023. The average value for the USA during that period was -5.16 percent with a minimum of -15.85 percent in 2020 and a maximum of 0.92 percent in 2000. The latest value from 2023 is -9.25 percent. For comparison, the world average in 2023 based on 112 countries is -3.16 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
USA - Fiscal balance, percent of GDP - Recent values chart

Historical chart
USA - Fiscal balance, percent of GDP - historical chart - 1960-2023

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 14.03 2022 percent
 Government spending, in dollars 3,570.08 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -9.25 2023 percent
 Government debt 119.62 2023 percent
 Government expenditure 1,198.70 Q3/2023 billion
 Long-term government bond yield 4.38 9/2023 percent
 Tax revenue 12.32 2022 percent
 Commercial tax rate 36.60 2019 percent
 Tax preparation time 175 2019 hours
 Number of taxes 11 2019 taxes
 Taxes on goods and services 1.82 2022 percent
 Taxes on international trade 2.03 2022 percent
 Income and profits taxes 57.72 2022 percent
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