Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S)

2025: 22.78768
Updated: Apr 3, 2026 12:14 PM CDT
2025:  22.78768  
2024:  22.98880  
2023:  22.03553  
2022:  24.07063  
2021:  28.74824  
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Units:

Percent of GDP,
Not Seasonally Adjusted

Frequency:

Annual

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Notes

Source: U.S. Office of Management and Budget  

Source: Federal Reserve Bank of St. Louis  

Release: Debt to Gross Domestic Product Ratios

Units:  Percent of GDP, Not Seasonally Adjusted

Frequency:  Annual

Notes:

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.

Suggested Citation:

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, .

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