FYONGDA188SFederal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) — Current Value & Historical Data
Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) Chart & Data Table
Gray bands: NBER recessions·Dashed lines: key policy events
What is Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S)?
Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) was first constructed by the Federal Reserve Bank of St. Louis in January 2013.
Current Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) Value
As of January 1, 2025, the current federal net outlays as percent of gross domestic product is 22.79 Percent of GDP. This is the most recent observation available for this series, updated annual.
Federal Net Outlays as Percent of Gross Domestic Product Historical Trend
Federal Net Outlays as Percent of Gross Domestic Product fell 0.86% year-over-year. In the series' tracked history, the highest recorded value was 40.68 (January 1944), and the lowest was 2.99 (January 1929).
Methodology & Source
Source
U.S. Department of the Treasury
Frequency
Annual
Units
Percent of GDP
Notes
Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) (https://fred.stlouisfed.org/series/FYONGDA188S) was first constructed by the Federal Reserve Bank of St. Louis in January 2013. It is calculated using Federal Net Outlays (FYONET) (https://fred.stlouisfed.org/series/FYONET) and ...
Frequently Asked Questions About Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S)
What is the current federal net outlays as percent of gross domestic product?
As of January 1, 2025, federal net outlays as percent of gross domestic product stands at 22.79 Percent of GDP.
Where does federal net outlays as percent of gross domestic product data come from?
Federal Net Outlays as Percent of Gross Domestic Product data is sourced from the Federal Reserve Economic Data (FRED) system and related U.S. government agencies. Data quality and historical coverage vary by series.
How often is federal net outlays as percent of gross domestic product updated?
This series is updated according to its publication schedule. Check FRED or the source agency for the most current release calendar.
What is the historical high and low for federal net outlays as percent of gross domestic product?
In the available data, the highest value was 40.68 Percent of GDP in January 1944, and the lowest was 2.99 Percent of GDP in January 1929.
How has federal net outlays as percent of gross domestic product changed over the past year?
Over the past year, federal net outlays as percent of gross domestic product decreased 0.86%.
See Federal Net Outlays as Percent of Gross Domestic Product in context
FYONGDA188S is tracked on the Receipts vs Outlays dashboard, alongside related indicators and historical context.
View the Receipts vs Outlays dashboard →Related government-spending dashboards
How Federal Net Outlays as Percent of Gross Domestic Product connects to the federal budget across GOVSPENDING.ORG:
Federal Debt
Total public debt, debt held by the public, and intragovernmental holdings.
Congressional Activity
Recent legislation, appropriations, and fiscal-related bills in Congress.
Interest Expense vs Revenue
How rising debt service costs crowd out federal spending as a share of receipts over time.
Revenue Composition
Federal receipts broken down by source — individual income, corporate, social insurance, excise taxes, and customs duties as shares of total revenue.
Agency Spending (FY 2019 vs FY 2024)
Net outlays by federal agency for FY 2019 and FY 2024, from the Treasury Monthly Treasury Statement. Both nominal and inflation-adjusted comparisons.