Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) (https://fred.stlouisfed.org/series/FYFRGDA188S) was first constructed by the Federal Reserve Bank of St. Louis in January 2013. It is calculated using Federal Receipts (FYFR) (https://fred.stlouisfed.org/series/FYFR) and Gross Domestic Product (GDPA) (https://fred.stlouisfed.org/series/GDPA): FYFRGDA188S = ((FYFR/1000)/GDPA)*100 FYFR/1000 transforms FYFR from millions of dollars to billions of dollars.

Dates represent the end of the fiscal year. Fiscal year series are updated with official OMB figures in January or February. In October, the latest fiscal year is updated with figures from the Treasury Department (September figures from the Treasury's fiscal year to date series).

Series Is Presented Here As Two Variables--(1)--Original Data, 1910-1953 (2)--Original Data, 1953-1959. Source: U.S. Treasury Department, Monthly Statement Of Receipts And Expenditures Of The U.S. Government, February 1954 And Following Issues. This NBER data series m15002b appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15002b

BEA Account Code: B097RC For more information about this series, please see http://www.bea.gov/national/.

Series Is Presented Here As Three Variables--(1)--Original Data, 1879-1933 (2)--Original Data, 1930-1940 (3)--Original Data, 1939-1962. The Raw Figure For November 1897 (43.4) Is Printed In The Daily Statement As 25.2 Which Excludes 18.2 Million Dollars Received From Sales Of Union Pacific Railroad, But To Be Consistent With Following Months It Was Added By NBER. Source: U.S. Treasury Department, Data For January-June 1879: Annual Report Of The Secretary For Fiscal Year Ended June 30, 1901; Data July 1879-1883: Statement Of The Receipts And Expenditures Of The U.S. From 1880 To 1895; Data For 1884-1894: Receipts, Expenditures, And Debts Of The U.S., 1789-1895; Data For 1895-1933: Daily Treasury Statement. This NBER data series m15004a appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15004a

Series Is Presented Here As Three Variables--(1)--Original Data, 1879-1933 (2)--Original Data, 1930-1940 (3)--Original Data, 1939-1962. The Raw Figure For July 1948 Excludes Inter-Agency Transactions -- Repayment Of Capital Stock To The Treasury By The Reconstruction Finance Commission Amounting To $225 Million, And The Transfer Of Earnings To The Treasury By The Federal Farm Mortgage Corporation Amounting To $40 Million. The Corresponding Expenditure Figure Is $3698.4 Million. In February 1954 The Daily Treasury Statement Discontinued Reporting Receipts. The New Monthly Report Issued By The Treasury Department Was Based On Reports From Collecting And Distributing Agencies. It Is Considered More Accurate By The Treasury Because It Allows "The Necessary Time For Uniform Reporting Of Budget Results" (Daily Statement, February 17, 1954). The Figure For January 1954 On The Old Basis (Daily Statement) Is 40,535.2. Beginning In July 1960, "Net" Budget Receipts (And "Net" Budget Expenditures) Exclude Certain Interfund Transactions Which Are Included In Both Budget Receipts And Budget Expenditures. The Transactions Deducted Are Mainly Interest Payments To The Treasury By Government Corporations And Agencies. This Does Not Affect Budget Surplus Or Deficit. The Worksheets For This Variable Show The Old "Net" Figures, After June 1960 Called "Subtotal Receipts." It Is Believed That The Data Can Be Treated As A Continuous Series Since Deductions Are Very Small. From January 1962 On, Refunds Include Amounts Applicable To Trust Accounts Formerly Included In "Transfers To Trust Accounts", One Of The Items Deducted From Receipts To Derive "Net" Receipts. Refunds Applicable To Trust Accounts Have Here Been Eliminated And The Amounts Of Refunds Added Back Into Net Budget Receipts Are Comparable Throughout. Source: U.S. Treasury Department, Data For 1939-1953: Daily Treasury Statement; Data For 1954-1962: Monthly Statement Of Receipts And Expenditures Of The United States Government. This NBER data series m15004c appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15004c

BEA Account Code: M318171 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318141 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318061 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318011 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318141 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318021 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318121 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318151 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318041 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318131 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: W705MC1 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318011 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318151 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318041 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: NA000285

BEA Account Code: B097RC For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: W700LC1 For more information about this series, please see http://www.bea.gov/national/.

In February 1954 A New Accounting System Was Introduced By The U.S. Treasury Department. Cumulative Daily Figures Are No Longer Available In Daily Statements, But Are Published Monthly. The Data Are Continuous. Source: U.S. Treasury Department, For 1875-1954 Data: Monthly Summary Of Commerce And Finance (House Of Representatives Document No. 573, Part 2), August 1898, And Daily Treasury Statements For 1895 On; For 1954-1959 Data: Annual Report Of The Secretary Of The Treasury, 1954 And 1955; Also Monthly Statement Of Receipts And Expenditures Of The U.S. Government, February 1954, June 1954, January 1956 And Subsequent Issues. This NBER data series m15001 appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15001

Series Is Presented Here As Two Variables--(1)--Original Data, 1910-1953 (2)--Original Data, 1953-1959. In February 1954 The Accounting Procedures For Receipts And Expenditures Were Changed And Later Figures Are Not Completely Comparable. Source: U.S. Treasury Department, Daily Statement Of The U.S. Treasury This NBER data series m15002a appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15002a

Series Is Presented Here As Two Variables--(1)--Original Data, 1879-1953 (2)--Original Data, 1954-1959. Data Cover Internal Revenue Exclusive Of Income Tax. A New Classification Of Receipts Begins In July 1930 (See Daily Treasury Statement Of July 1, 1930). This Series Is Continued On The Old Basis Through June 1933. Thereafter, Receipts Are Those In General And Special Funds, Trust Fund Receipts Being Excluded. Earlier Data Covered Receipts In All Accounts. Miscellaneous Internal Revenue Is Almost Unaffected By This Change And The Discrepancies Between The Data Obtained From Annual Reports For 1932 And 1933, And Data Given In Daily Treasury Statements Respectively Are Insignificant. The Series Has Therefore Been Treated As Continuous. For July 1930-June 1931, The Daily Treasury Statement Shows Receipts Both On The Old And New Basis. In February 1954 The Accounting Procedures For Receipts And Expenditures Were Changed And Later Figures Are No Longer Comparable. Source: U.S. Treasury Department, For 1879-1883 Data: Statement Of The Receipts And Expenditures Of The United States, From 1880 To 1895; For 1884-May 1895 Data: Receipts, Expenditures, And Debts Of The United States, 1789-1895, With Annual Approximations Made By Congress, 1873-1896; Data For June 1895-1953: Daily Statement Of The U.S. Treasury; Except Data For July 1931-June 1932 Which Are From The Annual Report Of The Secretary Of The Treasury On The State Of Finances, 1932, P. 370, And 1933, P. 312. This NBER data series m15003a appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15003a

Series Is Presented Here As Two Variables--(1)--Original Data, 1879-1953 (2)--Original Data, 1954-1959. Data Include Excise Taxes, Estate Taxes, And Other Internal Income. In February 1954, Accounting Procedures For Receipts And Expenditures Were Changed And Thus These Data Are Not Comparable To The Variable With Data For 1879-1953. The Figure For January 1954 On The Old Basis Is 748.87. Source: U.S. Treasury Department, Monthly Statement Of Receipts And Expenditures Of The United States Government. This NBER data series m15003b appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15003b

Series Is Presented Here As Three Variables--(1)--Original Data, 1879-1933 (2)--Original Data, 1930-1940 (3)--Original Data, 1939-1962. Source: U.S. Treasury Department, Daily Treasury Statements This NBER data series m15004b appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15004b

BEA Account Code: B097RU1 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318021 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318051 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318171 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318071 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318161 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: W705MC1 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318121 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318051 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318161 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318061 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318071 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: M318131 For more information about this series, please see http://www.bea.gov/national/.

BEA Account Code: W700LC1 For more information about this series, please see http://www.bea.gov/national/.