Wednesday, April 8, 2015

US GDP for 2014 Updated

On April 8, 2015, usgovernmentspending.com updated its GDP series with the latest data from the Bureau of Economic Analysis, including nominal GDP for calendar 2014 of $17.419 trillion and real GDP  for calendar 2014 of $16.086 trillion in 2009 dollars. GDP for some years previous to 2014 have been revised by BEA.

Usgovernmentspending.com uses the BEA GDP data series from 1929 to the present and measuringworth.com as its GDP source from 1790 to 1928..

Federal Revenue by State for 2014

On April 8, 2015, we updated usgovernmentspending.com with the numbers from "SOI Tax Stats - Gross Collections, by Type of Tax and State, Fiscal Year - IRS Data Book Table 5" of the IRS Data Book for 2014.  The data can be viewed on the Federal Revenue by State page here.

Tuesday, February 3, 2015

State Finances for FY 2013

On February 3, 2015 the US Census Bureau released data on state finances for FY 2013 here, including spending and revenue for each individual state and for all states combined.

On February 3, 2015 we updated state and local spending and revenue data for FY2013 through FY2020 as follows:
  1. We replaced "guesstimatedstate spending and revenue data for FY2013 using the new FY2013 data from the Census Bureau.
  2. We replaced "guesstimatedlocal spending and revenue data for FY 2013 with estimates for each spending and revenue category using the trends in state finances between FY 2012 and FY 2013.
  3. We replaced "guesstimatedstate revenue data for FY 2014 with data from the Census Bureau's quarterly state tax summary here.
  4. We replaced "guesstimatedlocal revenue data for FY 2014 with estimates for each category using trends for each category of state revenue between FY 2013 and FY 2014.
  5. We replaced "guesstimated" state and local spending and revenue for FY 2014 thru FY2020 with new guesstimates based on the latest Census Bureau data for FY 2013 state finances and FY 2014 quarterly tax data.
We expect the Census Bureau to release local spending and revenue data for FY 2013 not earlier than Summer 2015.