Government Spending in the United States increased to 3367.14 USD Billion in the first quarter of 2021 from 3320.36 USD Billion in the fourth quarter of 2020. source: U.S. Bureau of Economic Analysis

Government Spending in the United States averaged 2095.40 USD Billion from 1950 until 2021, reaching an all time high of 3368.73 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 June of 2021.

Government Spending in the United States is expected to be 3652.00 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 3442.00 in 12 months time. In the long-term, the United States Government Spending is projected to trend around 3515.00 USD Billion in 2022 and 3589.00 USD Billion in 2023, according to our econometric models.

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United States Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
3367.14 3320.36 3368.73 599.63 1950 - 2021 USD Billion Quarterly
Constant Prices 2012, SA

United States Government Last Previous Highest Lowest Unit
Government Debt to GDP 107.60 106.90 118.90 31.80 percent of GDP [+]
Government Budget -4.60 -3.80 4.50 -9.80 percent of GDP [+]
Government Budget Value -226000.00 -660000.00 214255.00 -864074.00 USD Million [+]
Government Spending 3367.14 3320.36 3368.73 599.63 USD Billion [+]
Government Revenues 439186.00 267614.00 563496.00 33111.00 USD Million [+]
Government Debt 28199008.00 28174714.00 28199008.00 60000.00 USD Million [+]
Fiscal Expenditure 664766.00 927206.00 1104903.00 3842.00 USD Million [+]
Asylum Applications 191367.00 214249.00 214249.00 24616.00 Persons [+]
Credit Rating 98.00 [+]
Military Expenditure 766583.00 734344.00 865268.00 147593.00 USD Million [+]
Government Spending To GDP 44.00 35.68 44.00 33.40 percent of GDP [+]


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.