Release: Debt to Gross Domestic Product Ratios
Federal Outlays: Interest as Percent of Gross Domestic Product (FYOIGDA188S) was first constructed by the Federal Reserve Bank of St. Louis in January 2013. It is calculated using Federal Outlays: Interest (FYOINT) and Gross Domestic Product (GDPA):
FYOIGDA188S = ((FYOINT/1000)/GDPA)*100
FYOINT/1000 transforms FYOINT from millions of dollars to billions of dollars.
U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis, Federal Outlays: Interest as Percent of Gross Domestic Product [FYOIGDA188S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FYOIGDA188S, December 8, 2021.