annual · % of GDP

Federal surplus or deficit / GDP

How large is the federal budget balance relative to the economy?

Data through 2025
-30.0-20.0-10.00.0010.0192919481967198720062025
Federal surplus or deficit / GDP
Federal surplus or deficit / GDP: summary statistics (Max range)
SeriesFirstLatestMinMax
Federal surplus or deficit / GDP0.70-5.77-26.864.30
Source:Federal Reserve Economic Data (FRED)FYFSGDA188S· Data may be revised by the source.

FormulaFYFSGDA188S as published (% of GDP)
Methodology

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.

Freshness
Data through
2025
Last refreshed
24 Jul 2026
Native frequency
annual

The site is refreshed separately from the source. Data through = the latest observation published by FRED; last refreshed = when PIER20 last fetched the file.

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