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United States: Central government deficit (% of GDP)

Percent of GDP · 1792–2025 · 234 observations · cgovdef_GDP

2025
−3.12%percent of GDP
Change on 2024
+1.1 pointsfrom −4.26%
Average, 2016–2025
−3.82%10 years
Record high and low
4.30% (1948)low −26.9% (1943)

Central government deficit (% of GDP)

Report error
-30%-25%-20%-15%-10%-5%0%5%18001850190019502000United StatesUnited States
Percent of GDP

Compare with other countries →Definition of Central government deficit (% of GDP)

Recent values

Percent of GDP

YearValue
2025-3.12
2024-4.26
2023-4.40
2022-1.98
2021-8.81
2020-9.00
2019-2.69
2018-2.27
2017-0.439
2016-1.22

Sources

  • Mitchell1792–1992
  • Carter et al.1800–1939
  • Federal Reserve Bank of St. Louis1929–2025
  • World Development Indicators1972–2024
  • IMF Government Finance Statistics1989–2025

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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