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Relative Size of Federal Spending, 1940--2003
The graph and table below depict the size of federal spending, relative to
the size of the economy.
Here,
- "federal spending" refers to
outlays;
- the years are
fiscal years;
- federal spending is expressed as a percentage of the size
of the economy, defined as the
GDP (gross domestic product).
| Fiscal Year | Outlays as percent
of GDP |
|---|
| 1940 | 9.8 |
| 1941 | 12.0 |
| 1942 | 24.3 |
| 1943 | 43.6 |
| 1944 | 43.6 |
| 1945 | 41.9 |
| 1946 | 24.8 |
| 1947 | 14.8 |
| 1948 | 11.6 |
| 1949 | 14.3 |
| 1950 | 15.6 |
| 1951 | 14.2 |
| 1952 | 19.4 |
| 1953 | 20.4 |
| 1954 | 18.8 |
| 1955 | 17.3 |
| 1956 | 16.5 |
| 1957 | 17.0 |
| 1958 | 17.9 |
| 1959 | 18.8 |
| 1960 | 17.8 |
| 1961 | 18.4 |
| 1962 | 18.8 |
| 1963 | 18.6 |
| 1964 | 18.5 |
| 1965 | 17.2 |
| 1966 | 17.8 |
| 1967 | 19.4 |
| 1968 | 20.5 |
| 1969 | 19.4 |
| 1970 | 19.3 |
| 1971 | 19.5 |
| 1972 | 19.6 |
| 1973 | 18.7 |
| 1974 | 18.7 |
| 1975 | 21.3 |
| 1976 | 21.4 |
| 1977 | 20.7 |
| 1978 | 20.7 |
| 1979 | 20.1 |
| 1980 | 21.7 |
| 1981 | 22.2 |
| 1982 | 23.1 |
| 1983 | 23.5 |
| 1984 | 22.1 |
| 1985 | 22.8 |
| 1986 | 22.5 |
| 1987 | 21.6 |
| 1988 | 21.2 |
| 1989 | 21.2 |
| 1990 | 21.8 |
| 1991 | 22.3 |
| 1992 | 22.1 |
| 1993 | 21.4 |
| 1994 | 21.0 |
| 1995 | 20.7 |
| 1996 | 20.3 |
| 1997 | 19.6 |
| 1998 | 19.2 |
| 1999 | 18.6 |
| 2000 | 18.4 |
| 2001 | 18.6 |
| 2002 | 19.4 |
| 2003 | 19.9 |
The data were taken from reference [1].
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