Government Spending in the United States increased to 3381.31 USD Billion in the third quarter of 2021 from 3373.77 USD Billion in the second quarter of 2021. source: U.S. Bureau of Economic Analysis

Government Spending in the United States averaged 2103.99 USD Billion from 1950 until 2021, reaching an all time high of 3390.92 USD Billion in the first 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 November of 2021.

Government Spending in the United States is expected to be 3484.00 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 3553.00 USD Billion in 2022 and 3628.00 USD Billion in 2023, according to our econometric models.

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United States Government Spending

Related Last Previous Unit Reference
Government Spending 3381.31 3373.77 USD Billion Sep/21
Government Spending To GDP 44.00 35.68 percent of GDP Dec/20
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.