Gross State Product for 2020

The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2020 on March 25, 2021.

Usgovernmentspending.com has updated its individual state GSPs for 2020 and projected nominal and real GSP through 2025 for each state using the projected national GDP numbers from Table 10.1 in the Historical Tables for the Federal FY2022 Budget and the historical GDP data series from the BEA as a baseline.

As before we have projected individual state GSPs out to 2026. This "guesstimate" normally relies upon the US GDP forecast in the federal budget. But the federal budget for FY 22 is not expected until May. So the state GDP projections are based on last year's GDP projections. Obviously all projections in the immediate aftermath of the COVID-19 epidemic are questionable.

Click here to view a complete list of US states and their 2020 GSP growth rates.

Process:

1. Click on link.
2. Click on "Related Materials" tab.
3. Save "Release Tables Only" link.

US Gross Output for 2020 Released

On April 09, 2021, usgovernmentspending.com updated its Gross Output series with the latest data from the Bureau of Economic Analysis, including nominal Gross Output for calendar 2020 of $37.807 trillion. Gross Output for some years previous to 2020 have been revised by BEA.

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

The Gross Output series extends back to 1947.

Process:

1. Click on link.
2. Under "Additional Information" click on "Access Underlying Detail Tables." 
3. Click on "view data in XLSX format."
4. Save .xlsx file.

Agency Debt Update for 2020

On March 27, 2021, usgovernmentspending.com updated its data for agency debt from the Federal Reserve Board database. Data is now available for the period 1945-2020. You can see our Agency Debt page here, and a comparison with the official "on-the-books" debt here.

For the period 2020 to 2025 usgovernmentspending.com has "guesstimated" the agency debt, assuming that it increases at the same rate as it did in 2019 to 2020.

See "Federal 'Agency Debt' Added" for explanation of  data derivation.

Data is downloaded from the FRB data download page for "Financial Accounts of the United States (Z.1)" as follows.

1. Select a preformatted data package: "L.211 (A) Agency- and GSE-Backed Securities, n.s.a."
2. Click: Format package.
3. Select: 100 years.
4. Click: Go to Download.
5. Click: Download File.

US GDP for 2020 Updated

On March 27, 2021 usgovernmentspending.com updated its GDP series with the latest data from the Bureau of Economic Analysis, under "Supplemental Information and Data" including nominal US GDP for calendar 2020 of $20.937 trillion and real US GDP  for calendar 2020 of $18,426 trillion in 2012 dollars. Real GDP is now expressed in 2012 dollars. GDP for years going back to 2015 have been revised by BEA.

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