Government Spending in the United States increased to 3370.90 USD Billion in the second quarter of 2020 from 3347.86 USD Billion in the first quarter of 2020.

Government Spending in the United States averaged 2082.19 USD Billion from 1950 until 2020, reaching an all time high of 3370.90 USD Billion in the second quarter of 2020 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 September of 2020.

Government Spending in the United States is expected to be 2847.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in the United States to stand at 3405.00 in 12 months time. In the long-term, the United States Government Spending is projected to trend around 3302.00 USD Billion in 2021 and 3368.00 USD Billion in 2022, according to our econometric models.

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United States Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
3370.90 3347.86 3370.90 599.63 1950 - 2020 USD Billion Quarterly
Constant Prices 2012, SA

United States Government Last Previous Highest Lowest Unit
Government Debt to GDP 106.90 105.50 118.90 31.80 percent [+]
Government Budget -4.60 -3.80 4.50 -9.80 percent of GDP [+]
Government Budget Value -200000.00 -62992.00 214255.00 -864074.00 USD Million [+]
Government Spending 3370.90 3347.86 3370.90 599.63 USD Billion [+]
Government Revenues 223221.00 563496.00 563496.00 33111.00 USD Million [+]
Government Debt 26728836.00 26524953.00 26728836.00 60000.00 USD Million [+]
Fiscal Expenditure 423316.00 626487.00 1104903.00 3842.00 USD Million [+]
Asylum Applications 7267.00 7682.00 16331.00 522.00 Persons [+]
Credit Rating 98.00 [+]
Military Expenditure 633565.00 605803.00 784835.00 135632.00 USD Million [+]
Government Spending To GDP 37.80 38.00 43.30 33.40 percent [+]

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.