Release: Debt to Gross Domestic Product Ratios
Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) was first constructed by the Federal Reserve Bank of St. Louis in January 2013. It is calculated using Federal Receipts (FYFR) and Gross Domestic Product (GDPA):
FYFRGDA188S = ((FYFR/1000)/GDPA)*100
FYFR/1000 transforms FYFR from millions of dollars to billions of dollars.
U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis, Federal Receipts as Percent of Gross Domestic Product [FYFRGDA188S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FYFRGDA188S, December 8, 2023.