How large is the federal budget balance relative to the economy?
| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| Federal surplus or deficit / GDP | 0.70 | -5.77 | -26.86 | 4.30 |
FYFSGDA188S as published (% of GDP)Federal surplus or deficit (FYFSGDA188S) as a share of gross domestic product, expressed as a percentage and published by the Office of Management and Budget. Negative values are a deficit (the government spends more than it raises); positive values are a surplus. The series is annual, so each point is one fiscal year. The post-1970 deficits and the 2020–2021 pandemic spike dominate the modern window.
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