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What is the Total US Government Revenue?

In FY 2025, total US government revenue, federal, state, and local, was “guesstimated” to be $10.42 trillion, with federal $5.24 trillion; state $3.07 trillion; local $2.11 trillion.

Total Revenue Analysis  

 

This page shows the current trends in US National revenue. There are also charts on US National revenue history.

Recent US Total Government Revenue

Recent Total Revenue

Chart R.01t: Recent Total Revenue

Total Revenue was increasing strongly, year on year, in the mid 2000s from $4.1 trillion to $4.6 trillion in 2007. But total revenues cratered in the Great Recession, down to a about $3.9 trillion in 2009. In the subsequent recovery total revenues increased rapidly to $4.5 trillion by 2011. After a glitch in 2012 revenues increased steadily to a little over $6 trillion in 2016 and continued a slow increase for the rest of the 2010s.

Estimated total revenue for 2025 was $10.42 trillion.

Recent Total Revenue as Pct GDP

Chart R.02t: Recent Total Revenue as Pct GDP

Viewed from a GDP perspective, total revenue has been steady at about 32 to 34 percent of GDP. In the Great Recession total revenues plunged down to about 25.4 percent GDP in 2009 but returned to over 30 percent of GDP in 2010 and has slowly returned to about 33 percent GDP throughout the remainder of the 2010s.

Estimated total revenue for 2025 was 33.9 percent GDP.

Revenue Analyses:

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US Total Government Revenue Since 1900

Total Revenue in 20th Century

Chart R.03t: Total Revenue in 20th Century

Government revenue at the start of the 20th century was about 7 percent of GDP. It rapidly increased throughout the first half of the century, reaching about 27 percent of GDP by the early 1950s, after a peak of 30 percent of GDP achieved at the end of World War II.

The 1950s began a steady revenue increase to about 35 percent of GDP by 2000. Since 2000 government revenue has hit over 35 percent at the peak of the business cycle while plunging to 30 percent of GDP during recessions.

Since 2000 total government revenue has stopped increasing, and appears to have reached a ceiling slightly below 35 percent of GDP.

Federal, State, Local Revenue in 20th Century

Total Government Revenue<br>by Government Level

Chart R.04t: Total Government Revenue
by Government Level


At the start of the 20th century, about half of government revenue was local government revenue. Out of a total of 7 percent of GDP, a full 3.5 percent was collected at the local level. Federal revenue spiked in World War I, but by the mid 1920s, local government revenue and federal revenue were about equal at 5 percent of GDP, with state revenue below 2 percent of GDP. During the 1930s this changed, as state revenue surged to 5 percent of GDP while federal revenue increased to 7 to 8 percent of GDP and local revenue increased to about 6 percent of GDP. After the spike of World War II, when federal revenue briefly hit almost 24 percent of GDP, state and local governments entered the 1950s at about 4 percent of GDP while federal revenue fluctuated between 16 and 18 percent of GDP. Since the 1950s state and local revenue has steadily increased, with state revenue reaching 10 percent of GDP and local revenue reaching 6.5 percent of GDP in 2000.

After major revenue fluctuations in the dot-com recession of 2001-02 and the Great Recession of 2008-09 federal revenue in the mid 2010s was about 17 percent GDP, state revenue 8 percent GDP and local revenue 6.5 percent GDP

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Revenue Data Sources

Revenue data is from official government sources.

Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.

Detailed table of revenue data sources here.

Federal revenue data begins in 1792.

State and local revenue data begins in 1820.

State and local revenue data for individual states begins in 1957.

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Data Sources for 2014_2031:

Sources for 2014:

GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances

Sources for 2031:

GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years

> data sources for other years
> data update schedule.

Blog

Federal Budget for FY27 Released

On April 4, 2026, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2027

Here is how headline budget estimates for the upcoming FY 2027 fiscal year have changed since the release of the FY 2025 budget in Winter 2024. There were no budgetary estimates in the budget documents for the FY 2026 budget.

Federal Budget Changes for 2027
$ billionEstimate for 2027
in FY2025 Budget
Estimate for 2027
in FY2027 Budget
Change
Federal Outlays$7,696.6$8,092.9 +$569.1
Federal Receipts$6,186.2$5,921.0+$279.1
Federal Deficit$1,510.3$2,171.9+$290.0

You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.

Account level spending estimates through FY 2031 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on April 4, 2026.

Account level budget authority estimates through FY 2031 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on April 4, 2026. 

US GDP for 2025 Released
On March 15, 2026 usgovernmentspending.com updated its GDP series with the latest data from the Bureau of Economic Analysis ...

US, State Population Update for 2025
On January 21, 2026 the US Census Bureau released its US national and state population estimates for July 1, 2025.  On February 7, 2026 usgovernmentspending.com updated its US and state popula ...

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