Federal Deficit (% of GDP)
-5.8% · Jan 2025
econscout
1948-49 Recession · Nov 1948 – Oct 19491953-54 Recession · Jul 1953 – May 19541957-58 Recession · Aug 1957 – Apr 19581960-61 Recession · Apr 1960 – Feb 19611969-70 Recession · Dec 1969 – Nov 19701973-75 Recession · Nov 1973 – Mar 19751980 Recession · Jan 1980 – Jul 19801981-82 Recession · Jul 1981 – Nov 19821990-91 Recession · Jul 1990 – Mar 19912001 Recession · Mar 2001 – Nov 2001Global Financial Crisis · Dec 2007 – Jun 2009COVID-19 Recession · Feb 2020 – Apr 2020-25%-20%-15%-10%-5%0%19401960198020002020-5.8%
Federal Deficit (% of GDP) — one value per year; US recessions are shaded on the chart.
YearFederal Deficit (% of GDP)
1929+0.7%
1930+0.8%
1931-0.6%
1932-4.6%
1933-4.6%
1934-5.4%
1935-3.8%
1936-5.1%
1937-2.4%
1938-0.1%
1939-3.0%
1940-2.8%
1941-3.8%
1942-12.4%
1943-26.9%
1944-21.2%
1945-20.9%
1946-7.0%
1947+1.6%
1948+4.3%
1949+0.2%
1950-1.0%
1951+1.8%
1952-0.4%
1953-1.7%
1954-0.3%
1955-0.7%
1956+0.9%
1957+0.7%
1958-0.6%
1959-2.5%
1960+0.1%
1961-0.6%
1962-1.2%
1963-0.7%
1964-0.9%
1965-0.2%
1966-0.5%
1967-1.0%
1968-2.7%
1969+0.3%
1970-0.3%
1971-2.0%
1972-1.8%
1973-1.0%
1974-0.4%
1975-3.2%
1976-3.9%
1977-2.6%
1978-2.5%
1979-1.6%
1980-2.6%
1981-2.5%
1982-3.8%
1983-5.7%
1984-4.6%
1985-4.9%
1986-4.8%
1987-3.1%
1988-3.0%
1989-2.7%
1990-3.7%
1991-4.4%
1992-4.5%
1993-3.7%
1994-2.8%
1995-2.1%
1996-1.3%
1997-0.3%
1998+0.8%
1999+1.3%
2000+2.3%
2001+1.2%
2002-1.4%
2003-3.3%
2004-3.4%
2005-2.4%
2006-1.8%
2007-1.1%
2008-3.1%
2009-9.8%
2010-8.6%
2011-8.3%
2012-6.6%
2013-4.0%
2014-2.8%
2015-2.4%
2016-3.1%
2017-3.4%
2018-3.8%
2019-4.6%
2020-14.5%
2021-11.7%
2022-5.3%
2023-6.1%
2024-6.2%
2025-5.8%
Source: FRED · FYFSGDA188S · econscout.com