Release: Debt to Gross Domestic Product Ratios
Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) was first constructed by the Federal Reserve Bank of St. Louis in January 2013. It is calculated using Federal Net Outlays (FYONET) and Gross Domestic Product (GDPA):
FYONGDA188S = ((FYONET/1000)/GDPA)*100
FYONET/1000 transforms FYONET from millions of dollars to billions of dollars.
U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis, Federal Net Outlays as Percent of Gross Domestic Product [FYONGDA188S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FYONGDA188S, December 10, 2023.