what was total government spending as a share of GDP
In 2023, total government spending in the United States was approximately 24% of gross domestic product (GDP). This translates to federal spending amounting to about $6.9 trillion for that fiscal year.
This figure indicates the extent to which government expenditures contribute to the overall economy, reflecting both mandatory and discretionary spending across various sectors.
For more detailed insights into government spending, you can refer to the following resources:
Sources
Federal Spending | U.S. Treasury Fiscal DataThe Federal Budget in Fiscal Year 2023: An InfographicGovernment expenditure, percent of GDPCentral government expenditure as share of GDP - Our World in DataPolicy Basics: Where Do Our Federal Tax Dollars Go?Understanding the Federal Budget | Peterson FoundationMonthly Budget Review: Summary for Fiscal Year 2024


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