Federal budget & debt · FYFSGDA188S
Federal deficit as % of GDP
As of 2025, the federal deficit as % of GDP stood at -5.8% (percent of GDP), a change of +0.4 pt from the year before.
Source: U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis via FRED®. Annual data, not seasonally adjusted. Latest observation 2025; snapshot taken Oct 27, 2026, 2:15 AM EDT.
Latest (2025)
-5.8%
Change from 2024
+0.4 pt
A year earlier
-6.2%
12-month change
+6.9%
-5.8% 2025 · Percent of GDP
Percent of GDP. Data from 1929 to 2025 (97 observations).
What it measures
This is the federal budget surplus or deficit for each fiscal year as a share of GDP. Measuring it against the size of the economy makes different decades comparable.
- Official title
- Federal Surplus or Deficit [-] as Percent of Gross Domestic Product
- Units
- Percent of GDP
- Frequency and adjustment
- Annual, not seasonally adjusted
- Original source
- U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis
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| Date | Value | Change |
|---|---|---|
| 2025 | -5.8% | +0.4 pt |
| 2024 | -6.2% | -0.1 pt |
| 2023 | -6.1% | -0.8 pt |
| 2022 | -5.3% | +6.4 pt |
| 2021 | -11.7% | +2.8 pt |
| 2020 | -14.5% | -9.9 pt |
| 2019 | -4.6% | -0.8 pt |
| 2018 | -3.8% | -0.4 pt |
| 2017 | -3.4% | -0.3 pt |
| 2016 | -3.1% | -0.7 pt |
| 2015 | -2.4% | +0.3 pt |
| 2014 | -2.8% | +1.3 pt |
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This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis, Federal Surplus or Deficit [-] as Percent of Gross Domestic Product [FYFSGDA188S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FYFSGDA188S, Oct 27, 2026.
- View FYFSGDA188S on FRED® · U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis
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