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National Debt, Deficits, Interest & Money Supply · U.S. Office of Management and Budget (OMB)

U.S. Federal Tax Receipts vs. Outlays (% of GDP 1929-2025)

Since World War II, federal tax revenue has averaged roughly 17.2% of U.S. GDP regardless of statutory marginal tax rates, while federal outlays have risen above 22% of GDP. In 2025, revenue vs. spending recorded 17.02Receipts % of GDP, compared with 16.79 in 2024. Across the 97-year archive (1929-2025), readings have ranged between 3.23 (1932) and 19.81 (1945).

Series Summary Ledger
  • 2025 Reading17.02
  • 2024 Reading16.79
  • All-Time High (1945)19.81
  • All-Time Low (1932)3.23
  • Reporting UnitReceipts % of GDP
  • Series CodeFYFRGDA188S / FYONGDA188S
U.S. Office of Management and Budget (OMB) · 1929-2025

U.S. Federal Tax Receipts vs. Outlays (% of GDP 1929-2025)

2025 Reading: 17.02 Receipts % of GDP

Loading historical series...
Source: U.S. Office of Management and Budget (OMB) (FYFRGDA188S / FYONGDA188S) Range: 3.23 (1932) to 19.81 (1945)
DECADE BENCHMARKS (1950s-2020s)

Revenue vs. Spending by Decade

DecadeMeanMinMax
1950s16.2413.1618.01
1960s16.7315.7418.36
1970s16.7615.9117.96
1980s17.4516.5118.69
1990s17.7416.7419.00
2000s16.9814.5419.76
2010s16.2114.3717.76
2020s16.9415.9718.80

Revenue vs. Spending Year-by-Year Historical Table (1929-2025)

Source: U.S. Office of Management and Budget (OMB) (FYFRGDA188S / FYONGDA188S)
YearRevenue vs. Spending (Receipts % of GDP)Annual ChangeFederal Outlays (% of GDP)
202517.02+0.2322.79
202416.79+0.8222.99
202315.97-2.8322.04
202218.80+1.7424.07
202117.06+1.0528.75
202016.01-0.0730.49
201916.08-0.0420.65
201816.12-0.7919.89
201716.91-0.4720.30
201617.38-0.3920.49
201517.76+0.6020.18
201417.16+0.7219.91
201316.44+1.3720.47
201215.07+0.3121.70
201114.77+0.3923.10
201014.37-0.1722.97
200914.54-2.5524.30
200817.09-0.6520.19
200717.74+0.3218.85
200617.42+0.9019.22
200516.52+1.1318.96
200415.39-0.1718.77
200315.56-1.4018.85
200216.96-1.8618.40
200118.82-0.9417.60
200019.76+0.7817.45
199918.97-0.0217.67
199819.00+0.5918.23
199718.41+0.4118.67
199618.00+0.3019.33
199517.69+0.4219.84
199417.27+0.4420.06
199316.83+0.1020.55
199216.74-0.4021.19
199117.13-0.1721.50
199017.31-0.2621.01
198917.57+0.2020.27
198817.36-0.2320.33
198717.60+0.8020.68
198616.80-0.1221.63
198516.92+0.4121.81
198416.51-0.0221.10
198316.53-1.9522.24
198218.48-0.2122.30
198118.69+0.5921.15
198018.10+0.4620.68
197917.63+0.6419.18
197816.99-0.0919.51
197717.08+1.1719.66
197615.91-0.6519.85
197516.56-0.4719.72
197417.03+0.8417.43
197316.19-0.0217.24
197216.21+0.1418.03
197116.07-1.9018.04
197017.96-0.4018.23
196918.36+2.1018.05
196816.26-1.0418.94
196717.31+1.2218.31
196616.08+0.3516.54
196515.74-0.7215.93
196416.45-0.2617.32
196316.72+0.2117.46
196216.50-0.2817.69
196116.79-0.2617.38
196017.05+1.8617.00
195915.19-1.3617.66
195816.55-0.3317.12
195716.87+0.2816.15
195616.60+1.2215.72
195515.38-2.4616.09
195417.85-0.0418.14
195317.88-0.1319.55
195218.01+3.1318.43
195114.88+1.7213.12
195013.16-1.3114.20
194914.47-0.6814.25
194815.14-0.2910.84
194715.43-1.8413.82
194617.27-2.5424.27
194519.81+0.3140.66
194419.49+7.6740.68
194311.82+3.0038.68
19428.82+2.0821.17
19416.74+0.3710.56
19406.36-0.379.20
19396.74-0.999.78
19387.73+1.947.83
19375.79+1.178.15
19364.62-0.249.70
19354.86+0.448.64
19344.42+0.939.79
19333.49+0.268.04
19323.23-0.797.83
19314.03-0.384.62
19304.40+0.713.60
19293.69-2.99

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