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World Economic and Financial Surveys

World Economic Outlook Database

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Download World Economic Outlook database: April 2021

The downloads are presented in Tab Delimited Values format which is compatible with most statistical packages and Excel

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Country Subject Descriptor Units Scale Country/Series-specific Notes 2019 2020 2021
United States Gross domestic product, constant prices National currency Billions 19,091.650 18,422.525 19,598.939
United States Gross domestic product, constant prices Percent change 2.161 -3.505 6.386
United States Gross domestic product, current prices National currency Billions 21,433.225 20,932.750 22,675.271
United States Gross domestic product, current prices U.S. dollars Billions 21,433.225 20,932.750 22,675.271
United States Gross domestic product, current prices Purchasing power parity; international dollars Billions 21,433.225 20,932.750 22,675.271
United States Gross domestic product, deflator Index 112.265 113.626 115.696
United States Gross domestic product per capita, constant prices National currency Units 58,124.586 55,811.232 59,041.557
United States Gross domestic product per capita, constant prices Purchasing power parity; 2017 international dollar Units 62,605.879 60,114.170 63,593.546
United States Gross domestic product per capita, current prices National currency Units 65,253.518 63,415.985 68,308.968
United States Gross domestic product per capita, current prices U.S. dollars Units 65,253.518 63,415.985 68,308.968
United States Gross domestic product per capita, current prices Purchasing power parity; international dollars Units 65,253.518 63,415.985 68,308.968
United States Output gap in percent of potential GDP Percent of potential GDP 0.967 -3.118 0.589
United States Gross domestic product based on purchasing-power-parity (PPP) share of world total Percent 15.902 15.900 15.973
United States Implied PPP conversion rate National currency per current international dollar 1.000 1.000 1.000
United States Total investment Percent of GDP 21.014 20.988 21.638
United States Gross national savings Percent of GDP 18.608 17.802 17.523
United States Inflation, average consumer prices Index 255.653 258.844 264.705
United States Inflation, average consumer prices Percent change 1.812 1.248 2.264
United States Inflation, end of period consumer prices Index 258.180 261.693 267.808
United States Inflation, end of period consumer prices Percent change 2.063 1.361 2.336
United States Six-month London interbank offered rate (LIBOR) Percent 2.320 0.691 0.272
United States Volume of imports of goods and services Percent change 1.080 -9.285 18.868
United States Volume of Imports of goods Percent change 0.483 -6.062 20.910
United States Volume of exports of goods and services Percent change -0.118 -12.970 10.486
United States Volume of exports of goods Percent change -0.104 -9.473 15.235
United States Unemployment rate Percent of total labor force 3.683 8.108 5.791
United States Employment Persons Millions 157.536 147.794 153.698
United States Population Persons Millions 328.461 330.086 331.952
United States General government revenue National currency Billions 6,428.919 6,350.408 6,804.763
United States General government revenue Percent of GDP 29.995 30.337 30.010
United States General government total expenditure National currency Billions 7,647.498 9,666.476 10,213.305
United States General government total expenditure Percent of GDP 35.681 46.179 45.042
United States General government net lending/borrowing National currency Billions -1,218.579 -3,316.068 -3,408.541
United States General government net lending/borrowing Percent of GDP -5.685 -15.842 -15.032
United States General government structural balance National currency Billions -1,303.723 -2,535.785 -2,898.693
United States General government structural balance Percent of potential GDP -6.142 -11.738 -12.860
United States General government primary net lending/borrowing National currency Billions -735.852 -2,849.044 -3,010.872
United States General government primary net lending/borrowing Percent of GDP -3.433 -13.610 -13.278
United States General government net debt National currency Billions 17,790.802 21,596.591 24,719.499
United States General government net debt Percent of GDP 83.006 103.171 109.015
United States General government gross debt National currency Billions 23,188.591 26,608.344 30,121.645
United States General government gross debt Percent of GDP 108.190 127.113 132.839
United States Gross domestic product corresponding to fiscal year, current prices National currency Billions 21,433.225 20,932.750 22,675.271
United States Current account balance U.S. dollars Billions -480.225 -646.399 -876.355
United States Current account balance Percent of GDP -2.241 -3.088 -3.865
Country Subject Descriptor Units Scale Country/Series-specific Notes 2019 2020 2021 Estimates Start After
United States Gross domestic product, constant prices National currency Billions Source: National Statistics Office Latest actual data: 2020 National accounts manual used: System of National Accounts (SNA) 2008 GDP valuation: Market prices. Real Gross Domestic Product determined by chained Fisher quantity growth rates. Start/end months of reporting year: January/December Base year: 2012 Chain-weighted: Yes, from 1980 Primary domestic currency: U.S. dollar Data last updated: 03/2021 19,091.650 18,422.525 19,598.939 2020
United States Gross domestic product, constant prices Percent change See notes for: Gross domestic product, constant prices (National currency). 2.161 -3.505 6.386 2020
United States Gross domestic product, current prices National currency Billions Source: National Statistics Office Latest actual data: 2020 National accounts manual used: System of National Accounts (SNA) 2008 GDP valuation: Market prices. Real Gross Domestic Product determined by chained Fisher quantity growth rates. Start/end months of reporting year: January/December Base year: 2012 Chain-weighted: Yes, from 1980 Primary domestic currency: U.S. dollar Data last updated: 03/2021 21,433.225 20,932.750 22,675.271 2020
United States Gross domestic product, current prices U.S. dollars Billions See notes for: Gross domestic product, current prices (National currency). 21,433.225 20,932.750 22,675.271 2020
United States Gross domestic product, current prices Purchasing power parity; international dollars Billions See notes for: Gross domestic product, current prices (National currency). 21,433.225 20,932.750 22,675.271 2020
United States Gross domestic product, deflator Index See notes for: Gross domestic product, constant prices (National currency) Gross domestic product, current prices (National currency). 112.265 113.626 115.696 2020
United States Gross domestic product per capita, constant prices National currency Units See notes for: Gross domestic product, constant prices (National currency) Population (Persons). 58,124.586 55,811.232 59,041.557 2019
United States Gross domestic product per capita, constant prices Purchasing power parity; 2017 international dollar Units See notes for: Gross domestic product, constant prices (National currency) Population (Persons). 62,605.879 60,114.170 63,593.546 2019
United States Gross domestic product per capita, current prices National currency Units See notes for: Gross domestic product, current prices (National currency) Population (Persons). 65,253.518 63,415.985 68,308.968 2019
United States Gross domestic product per capita, current prices U.S. dollars Units See notes for: Gross domestic product, current prices (National currency) Population (Persons). 65,253.518 63,415.985 68,308.968 2019
United States Gross domestic product per capita, current prices Purchasing power parity; international dollars Units See notes for: Gross domestic product, current prices (National currency) Population (Persons). 65,253.518 63,415.985 68,308.968 2019
United States Output gap in percent of potential GDP Percent of potential GDP See notes for: Gross domestic product, constant prices (National currency). 0.967 -3.118 0.589 2020
United States Gross domestic product based on purchasing-power-parity (PPP) share of world total Percent See notes for: Gross domestic product, current prices (National currency). 15.902 15.900 15.973 2020
United States Implied PPP conversion rate National currency per current international dollar See notes for: Gross domestic product, current prices (National currency). 1.000 1.000 1.000 2020
United States Total investment Percent of GDP Source: National Statistics Office Latest actual data: 2020 National accounts manual used: System of National Accounts (SNA) 2008 GDP valuation: Market prices. Real Gross Domestic Product determined by chained Fisher quantity growth rates. Start/end months of reporting year: January/December Base year: 2012 Chain-weighted: Yes, from 1980 Primary domestic currency: U.S. dollar Data last updated: 03/2021 21.014 20.988 21.638 2020
United States Gross national savings Percent of GDP Source: National Statistics Office Latest actual data: 2020 National accounts manual used: System of National Accounts (SNA) 2008 GDP valuation: Market prices. Real Gross Domestic Product determined by chained Fisher quantity growth rates. Start/end months of reporting year: January/December Base year: 2012 Chain-weighted: Yes, from 1980 Primary domestic currency: U.S. dollar Data last updated: 03/2021 18.608 17.802 17.523 2020
United States Inflation, average consumer prices Index Source: National Statistics Office Latest actual data: 2020 Harmonized prices: No Frequency of source data: Monthly Base year: Base is 1982-1984=100 Primary domestic currency: U.S. dollar Data last updated: 03/2021 255.653 258.844 264.705 2020
United States Inflation, average consumer prices Percent change See notes for: Inflation, average consumer prices (Index). 1.812 1.248 2.264 2020
United States Inflation, end of period consumer prices Index Source: National Statistics Office Latest actual data: 2020 Harmonized prices: No Frequency of source data: Monthly Base year: Base is 1982-1984=100 Primary domestic currency: U.S. dollar Data last updated: 03/2021 258.180 261.693 267.808 2020
United States Inflation, end of period consumer prices Percent change See notes for: Inflation, end of period consumer prices (Index). 2.063 1.361 2.336 2020
United States Six-month London interbank offered rate (LIBOR) Percent 2.320 0.691 0.272 2020
United States Volume of imports of goods and services Percent change Source: National Statistics Office Latest actual data: 2020 Base year: 2012 Methodology used to derive volumes: Other Formula used to derive volumes: Fisher Chain-weighted: Yes, from 1980 Trade System: General trade Oil coverage: Primary or unrefined products; Secondary or refined products; Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts Valuation of exports: Other Valuation of imports: Other Primary domestic currency: U.S. dollar Data last updated: 03/2021 1.080 -9.285 18.868 2020
United States Volume of Imports of goods Percent change Source: National Statistics Office Latest actual data: 2020 Base year: 2012 Methodology used to derive volumes: Other Formula used to derive volumes: Fisher Chain-weighted: Yes, from 1980 Trade System: General trade Oil coverage: Primary or unrefined products; Secondary or refined products; Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts Valuation of exports: Other Valuation of imports: Other Primary domestic currency: U.S. dollar Data last updated: 03/2021 0.483 -6.062 20.910 2020
United States Volume of exports of goods and services Percent change Source: National Statistics Office Latest actual data: 2020 Base year: 2012 Methodology used to derive volumes: Other Formula used to derive volumes: Fisher Chain-weighted: Yes, from 1980 Trade System: General trade Oil coverage: Primary or unrefined products; Secondary or refined products; Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts Valuation of exports: Other Valuation of imports: Other Primary domestic currency: U.S. dollar Data last updated: 03/2021 -0.118 -12.970 10.486 2020
United States Volume of exports of goods Percent change Source: National Statistics Office Latest actual data: 2020 Base year: 2012 Methodology used to derive volumes: Other Formula used to derive volumes: Fisher Chain-weighted: Yes, from 1980 Trade System: General trade Oil coverage: Primary or unrefined products; Secondary or refined products; Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts Valuation of exports: Other Valuation of imports: Other Primary domestic currency: U.S. dollar Data last updated: 03/2021 -0.104 -9.473 15.235 2020
United States Unemployment rate Percent of total labor force Source: National Statistics Office Latest actual data: 2020 Employment type: National definition Primary domestic currency: U.S. dollar Data last updated: 03/2021 3.683 8.108 5.791 2020
United States Employment Persons Millions Source: National Statistics Office Latest actual data: 2020 Employment type: National definition Primary domestic currency: U.S. dollar Data last updated: 03/2021 157.536 147.794 153.698 2020
United States Population Persons Millions Source: National Statistics Office Latest actual data: 2019 Primary domestic currency: U.S. dollar Data last updated: 03/2021 328.461 330.086 331.952 2019
United States General government revenue National currency Billions Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt) Latest actual data: 2019. Repatriation tax on foreign earnings (a provision of the 2017 Tax Cuts and Jobs Act), estimated at $250 billion, which accrued at end-2017 and recorded as capital transfer to the government in the GFS, was removed from government revenue. Staff's baseline projection embeds the impact of this tax provision over time to reflect the fact that corporations have eight years to pay off this tax liability. Notes: Revenue, expenditure, and net lending data are is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Fiscal assumptions: Fiscal projections are based on the September 2020 Congressional Budget Office baseline adjusted for the IMF staff’s policy and macroeconomic assumptions. Projections then incorporate the effects of the American Rescue Plan, Coronavirus Preparedness and Response Supplemental Appropriations Act, the Families First Coronavirus Response Act, the Coronavirus Aid, Relief, and the Paycheck Protection Program and Health Care Enhancement Act. Finally, fiscal projections are adjusted to reflect the IMF staff’s forecasts for key macroeconomic and financial variables and different accounting treatment of financial sector support and of defined-benefit pension plans and are converted to a general government basis. Data is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2014 Basis of recording: Accrual General government includes: Central Government; State Government; Local Government; Valuation of public debt: Nominal value Instruments included in gross and net debt: Currency and Deposits; Loans; Insurance Technical Reserves; Financial Derivatives; Monetary Gold and SDRs Primary domestic currency: U.S. dollar Data last updated: 03/2021 6,428.919 6,350.408 6,804.763 2019
United States General government revenue Percent of GDP See notes for: General government revenue (National currency). 29.995 30.337 30.010 2019
United States General government total expenditure National currency Billions Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt) Latest actual data: 2019. Repatriation tax on foreign earnings (a provision of the 2017 Tax Cuts and Jobs Act), estimated at $250 billion, which accrued at end-2017 and recorded as capital transfer to the government in the GFS, was removed from government revenue. Staff's baseline projection embeds the impact of this tax provision over time to reflect the fact that corporations have eight years to pay off this tax liability. Notes: Revenue, expenditure, and net lending data are is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Fiscal assumptions: Fiscal projections are based on the September 2020 Congressional Budget Office baseline adjusted for the IMF staff’s policy and macroeconomic assumptions. Projections then incorporate the effects of the American Rescue Plan, Coronavirus Preparedness and Response Supplemental Appropriations Act, the Families First Coronavirus Response Act, the Coronavirus Aid, Relief, and the Paycheck Protection Program and Health Care Enhancement Act. Finally, fiscal projections are adjusted to reflect the IMF staff’s forecasts for key macroeconomic and financial variables and different accounting treatment of financial sector support and of defined-benefit pension plans and are converted to a general government basis. Data is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2014 Basis of recording: Accrual General government includes: Central Government; State Government; Local Government; Valuation of public debt: Nominal value Instruments included in gross and net debt: Currency and Deposits; Loans; Insurance Technical Reserves; Financial Derivatives; Monetary Gold and SDRs Primary domestic currency: U.S. dollar Data last updated: 03/2021 7,647.498 9,666.476 10,213.305 2019
United States General government total expenditure Percent of GDP See notes for: General government total expenditure (National currency). 35.681 46.179 45.042 2019
United States General government net lending/borrowing National currency Billions Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt) Latest actual data: 2019. Repatriation tax on foreign earnings (a provision of the 2017 Tax Cuts and Jobs Act), estimated at $250 billion, which accrued at end-2017 and recorded as capital transfer to the government in the GFS, was removed from government revenue. Staff's baseline projection embeds the impact of this tax provision over time to reflect the fact that corporations have eight years to pay off this tax liability. Notes: Revenue, expenditure, and net lending data are is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Fiscal assumptions: Fiscal projections are based on the September 2020 Congressional Budget Office baseline adjusted for the IMF staff’s policy and macroeconomic assumptions. Projections then incorporate the effects of the American Rescue Plan, Coronavirus Preparedness and Response Supplemental Appropriations Act, the Families First Coronavirus Response Act, the Coronavirus Aid, Relief, and the Paycheck Protection Program and Health Care Enhancement Act. Finally, fiscal projections are adjusted to reflect the IMF staff’s forecasts for key macroeconomic and financial variables and different accounting treatment of financial sector support and of defined-benefit pension plans and are converted to a general government basis. Data is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2014 Basis of recording: Accrual General government includes: Central Government; State Government; Local Government; Valuation of public debt: Nominal value Instruments included in gross and net debt: Currency and Deposits; Loans; Insurance Technical Reserves; Financial Derivatives; Monetary Gold and SDRs Primary domestic currency: U.S. dollar Data last updated: 03/2021 -1,218.579 -3,316.068 -3,408.541 2019
United States General government net lending/borrowing Percent of GDP See notes for: General government net lending/borrowing (National currency). -5.685 -15.842 -15.032 2019
United States General government structural balance National currency Billions Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt) Latest actual data: 2019. Repatriation tax on foreign earnings (a provision of the 2017 Tax Cuts and Jobs Act), estimated at $250 billion, which accrued at end-2017 and recorded as capital transfer to the government in the GFS, was removed from government revenue. Staff's baseline projection embeds the impact of this tax provision over time to reflect the fact that corporations have eight years to pay off this tax liability. Notes: Revenue, expenditure, and net lending data are is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Fiscal assumptions: Fiscal projections are based on the September 2020 Congressional Budget Office baseline adjusted for the IMF staff’s policy and macroeconomic assumptions. Projections then incorporate the effects of the American Rescue Plan, Coronavirus Preparedness and Response Supplemental Appropriations Act, the Families First Coronavirus Response Act, the Coronavirus Aid, Relief, and the Paycheck Protection Program and Health Care Enhancement Act. Finally, fiscal projections are adjusted to reflect the IMF staff’s forecasts for key macroeconomic and financial variables and different accounting treatment of financial sector support and of defined-benefit pension plans and are converted to a general government basis. Data is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2014 Basis of recording: Accrual General government includes: Central Government; State Government; Local Government; Valuation of public debt: Nominal value Instruments included in gross and net debt: Currency and Deposits; Loans; Insurance Technical Reserves; Financial Derivatives; Monetary Gold and SDRs Primary domestic currency: U.S. dollar Data last updated: 03/2021 -1,303.723 -2,535.785 -2,898.693 2019
United States General government structural balance Percent of potential GDP See notes for: General government structural balance (National currency). -6.142 -11.738 -12.860 2019
United States General government primary net lending/borrowing National currency Billions Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt) Latest actual data: 2019. Repatriation tax on foreign earnings (a provision of the 2017 Tax Cuts and Jobs Act), estimated at $250 billion, which accrued at end-2017 and recorded as capital transfer to the government in the GFS, was removed from government revenue. Staff's baseline projection embeds the impact of this tax provision over time to reflect the fact that corporations have eight years to pay off this tax liability. Notes: Revenue, expenditure, and net lending data are is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Fiscal assumptions: Fiscal projections are based on the September 2020 Congressional Budget Office baseline adjusted for the IMF staff’s policy and macroeconomic assumptions. Projections then incorporate the effects of the American Rescue Plan, Coronavirus Preparedness and Response Supplemental Appropriations Act, the Families First Coronavirus Response Act, the Coronavirus Aid, Relief, and the Paycheck Protection Program and Health Care Enhancement Act. Finally, fiscal projections are adjusted to reflect the IMF staff’s forecasts for key macroeconomic and financial variables and different accounting treatment of financial sector support and of defined-benefit pension plans and are converted to a general government basis. Data is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2014 Basis of recording: Accrual General government includes: Central Government; State Government; Local Government; Valuation of public debt: Nominal value Instruments included in gross and net debt: Currency and Deposits; Loans; Insurance Technical Reserves; Financial Derivatives; Monetary Gold and SDRs Primary domestic currency: U.S. dollar Data last updated: 03/2021 -735.852 -2,849.044 -3,010.872 2019
United States General government primary net lending/borrowing Percent of GDP See notes for: General government primary net lending/borrowing (National currency). -3.433 -13.610 -13.278 2019
United States General government net debt National currency Billions Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt) Latest actual data: 2019. Repatriation tax on foreign earnings (a provision of the 2017 Tax Cuts and Jobs Act), estimated at $250 billion, which accrued at end-2017 and recorded as capital transfer to the government in the GFS, was removed from government revenue. Staff's baseline projection embeds the impact of this tax provision over time to reflect the fact that corporations have eight years to pay off this tax liability. Notes: Revenue, expenditure, and net lending data are is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Fiscal assumptions: Fiscal projections are based on the September 2020 Congressional Budget Office baseline adjusted for the IMF staff’s policy and macroeconomic assumptions. Projections then incorporate the effects of the American Rescue Plan, Coronavirus Preparedness and Response Supplemental Appropriations Act, the Families First Coronavirus Response Act, the Coronavirus Aid, Relief, and the Paycheck Protection Program and Health Care Enhancement Act. Finally, fiscal projections are adjusted to reflect the IMF staff’s forecasts for key macroeconomic and financial variables and different accounting treatment of financial sector support and of defined-benefit pension plans and are converted to a general government basis. Data is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2014 Basis of recording: Accrual General government includes: Central Government; State Government; Local Government; Valuation of public debt: Nominal value Instruments included in gross and net debt: Currency and Deposits; Loans; Insurance Technical Reserves; Financial Derivatives; Monetary Gold and SDRs Primary domestic currency: U.S. dollar Data last updated: 03/2021 17,790.802 21,596.591 24,719.499 2019
United States General government net debt Percent of GDP See notes for: General government net debt (National currency). 83.006 103.171 109.015 2019
United States General government gross debt National currency Billions Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt) Latest actual data: 2019. Repatriation tax on foreign earnings (a provision of the 2017 Tax Cuts and Jobs Act), estimated at $250 billion, which accrued at end-2017 and recorded as capital transfer to the government in the GFS, was removed from government revenue. Staff's baseline projection embeds the impact of this tax provision over time to reflect the fact that corporations have eight years to pay off this tax liability. Notes: Revenue, expenditure, and net lending data are is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Fiscal assumptions: Fiscal projections are based on the September 2020 Congressional Budget Office baseline adjusted for the IMF staff’s policy and macroeconomic assumptions. Projections then incorporate the effects of the American Rescue Plan, Coronavirus Preparedness and Response Supplemental Appropriations Act, the Families First Coronavirus Response Act, the Coronavirus Aid, Relief, and the Paycheck Protection Program and Health Care Enhancement Act. Finally, fiscal projections are adjusted to reflect the IMF staff’s forecasts for key macroeconomic and financial variables and different accounting treatment of financial sector support and of defined-benefit pension plans and are converted to a general government basis. Data is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2014 Basis of recording: Accrual General government includes: Central Government; State Government; Local Government; Valuation of public debt: Nominal value Instruments included in gross and net debt: Currency and Deposits; Loans; Insurance Technical Reserves; Financial Derivatives; Monetary Gold and SDRs Primary domestic currency: U.S. dollar Data last updated: 03/2021 23,188.591 26,608.344 30,121.645 2019
United States General government gross debt Percent of GDP See notes for: General government gross debt (National currency). 108.190 127.113 132.839 2019
United States Gross domestic product corresponding to fiscal year, current prices National currency Billions Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt) Latest actual data: 2019. Repatriation tax on foreign earnings (a provision of the 2017 Tax Cuts and Jobs Act), estimated at $250 billion, which accrued at end-2017 and recorded as capital transfer to the government in the GFS, was removed from government revenue. Staff's baseline projection embeds the impact of this tax provision over time to reflect the fact that corporations have eight years to pay off this tax liability. Notes: Revenue, expenditure, and net lending data are is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Fiscal assumptions: Fiscal projections are based on the September 2020 Congressional Budget Office baseline adjusted for the IMF staff’s policy and macroeconomic assumptions. Projections then incorporate the effects of the American Rescue Plan, Coronavirus Preparedness and Response Supplemental Appropriations Act, the Families First Coronavirus Response Act, the Coronavirus Aid, Relief, and the Paycheck Protection Program and Health Care Enhancement Act. Finally, fiscal projections are adjusted to reflect the IMF staff’s forecasts for key macroeconomic and financial variables and different accounting treatment of financial sector support and of defined-benefit pension plans and are converted to a general government basis. Data is compiled using SNA 2008, and when translated into GFS this is in accordance with GFSM 2014. Due to data limitations, most series begin 2001. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2014 Basis of recording: Accrual General government includes: Central Government; State Government; Local Government; Valuation of public debt: Nominal value Instruments included in gross and net debt: Currency and Deposits; Loans; Insurance Technical Reserves; Financial Derivatives; Monetary Gold and SDRs Primary domestic currency: U.S. dollar Data last updated: 03/2021 21,433.225 20,932.750 22,675.271 2019
United States Current account balance U.S. dollars Billions Source: National Statistics Office Latest actual data: 2019 BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6) Primary domestic currency: U.S. dollar Data last updated: 03/2021 -480.225 -646.399 -876.355 2019
United States Current account balance Percent of GDP See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars). -2.241 -3.088 -3.865 2019
International Monetary Fund, World Economic Outlook Database April 2021
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