Monday, April 28, 2014

Now Showing National Gross Output from 2005

On April 25, 2014, the Bureau of Economic Analysis released a new data series for Gross Output.  The initial release provides Gross Output for 2005 to the present.

usgovernmentspending.com now reports Gross Output on its Spending Details page and permits charting of spending and revenue as "percent of Gross Output".

Data sources for Gross Domestic Product and Gross Output used by usgovernmentspending.com are shown here

GDP, Gross Output Sources

Gross Domestic Product (GDP) and Gross Output are obtained from a variety of sources.

National GDP

We use a forecast of GDP in Historical Table 10.1 from the federal budget  for the current year out six years.

We use historical GDP from the Bureau of Economic Analysis for GDP from 1929 to the present(xls).

We use historical GDP from Measuring Worth from 1792 to 1928.

State GDP

We estimate state GDP by blending the latest historical GDP for each state with the forecast GDP in Historical Table 10.1 from the federal budget for the current year out six years.

We use historical GDP from the Bureau of Economic Analysis from 1963 to the present.

National Gross Output

We "guesstimate" future Gross Output by applying the ratio of (Gross Output)/GDP from the latest Gross Output value to the forecast GDP in Historical Table 10.1 of the federal budget for the current year out six years.

We use historical Gross Output from the Bureau of Economic Analysis for Gross Output from 1997 to the present here(xlsx). Gross Output from 1987 to 1997 is here(xls).

UPDATED: 4/28/2015.

Sunday, April 6, 2014

Federal Revenue by State for 2013

On April 6, 2014, 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 2013.  The data can be viewed on the Federal Revenue by State page here.

Wednesday, April 2, 2014

Ryan Budget Plan for FY15


On April 2, 2014, we updated usgovernmentspending.com with the numbers from the draft budget resolution for FY15 prepared by the House Budget Committee, Rep. Paul Ryan (R-WI), chairman.  The site now shows data from the current Ryan FY15 Budget Resolution and also Ryan-authored budget resolutions for FY12, FY13, and FY14.

You can view and download data on the Ryan Budget page here.  You can compare the Ryan Budget with the administration's FY15 budget here.

The US Senate Budget Committee, Sen. Patty Murray (D-WA). chair, will not be publishing a budget plan for FY15.