Government Spending in the United States increased to 3404.90 USD Billion in the third quarter of 2022 from 3379.50 USD Billion in the second quarter of 2022. source: U.S. Bureau of Economic Analysis

Government Spending in the United States averaged 2121.77 USD Billion from 1950 until 2022, reaching an all time high of 3412.86 USD Billion in the fourth quarter of 2021 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 December of 2022.

Government Spending in the United States is expected to be 3444.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Government Spending is projected to trend around 3488.00 USD Billion in 2023 and 3562.00 USD Billion in 2024, according to our econometric models.

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United States Government Spending

Related Last Previous Unit Reference
Government Spending 3404.90 3379.50 USD Billion Sep 2022
Government Spending to GDP 43.64 47.66 percent of GDP Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
3404.90 3379.50 3412.86 599.63 1950 - 2022 USD Billion Quarterly
Constant Prices 2012, SA