World Economic Outlook Database, September 2011

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5. Report for Selected Countries and Subjects

You will find notes on the data and options to download the table below your results.
       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorUnitsScaleCountry/Series-specific Notes20002001200220032004200520062007200820092010201120122013201420152016
United StatesGross domestic product, current pricesU.S. dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).9951,47510286,17510642,30011142,22511853,25012622,95013377,20014028,67514291,55013938,92514526,55015064,81615495,38915990,77916623,43117398,53618250,647
United StatesGeneral government net debtNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2009
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: U.S. fiscal policy assumptions:  Fiscal projections are based on the President’s fiscal year 2012 budget proposal adjusted for the final fiscal year 2011 appropriations and the IMF staff’s assessment of likely future policies adopted by Congress. Compared with the President’s budget proposal, the IMF staff assumes deeper and more front-loaded discretionary spending cuts, a further extension of emergency unemployment benefits and the payroll tax cut, and delayed action on the proposed revenue-raising measures. No explicit adjustment has been made for the provisions contained in the August Budget Control Act to the extent that the President’s budget proposal already contained significant deficit-reduction measures. The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables, different accounting treatment of the financial sector support, and are converted to the general government basis.  U.S. monetary policy assumptions:  Given the outlook for sluggish growth and inflation, staff expects the federal funds target to remain at near-zero levels until early 2014. This assumption is broadly consistent with the FOMC’s statement in early August that economic conditions are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 08/20113543,9443587,9513990,2534538,6605018,2205393,5325615,7706012,9036955,2198451,5739927,52710938,42112145,01413138,34914070,84015080,23116192,794
United StatesGeneral government net debtPercent of GDP See notes for: 
General government net debt (National currency).35,61234,88137,49440,73442,33642,72841,98042,86248,66760,63368,34172,60978,37882,16284,64586,67588,724
United StatesGeneral government gross debtNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2009
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: U.S. fiscal policy assumptions:  Fiscal projections are based on the President’s fiscal year 2012 budget proposal adjusted for the final fiscal year 2011 appropriations and the IMF staff’s assessment of likely future policies adopted by Congress. Compared with the President’s budget proposal, the IMF staff assumes deeper and more front-loaded discretionary spending cuts, a further extension of emergency unemployment benefits and the payroll tax cut, and delayed action on the proposed revenue-raising measures. No explicit adjustment has been made for the provisions contained in the August Budget Control Act to the extent that the President’s budget proposal already contained significant deficit-reduction measures. The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables, different accounting treatment of the financial sector support, and are converted to the general government basis.  U.S. monetary policy assumptions:  Given the outlook for sluggish growth and inflation, staff expects the federal funds target to remain at near-zero levels until early 2014. This assumption is broadly consistent with the FOMC’s statement in early August that economic conditions are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 08/20115456,8555631,3816078,7086732,6827289,2087792,0288179,6578744,16010233,80711882,22113706,61515071,69016275,00417418,74218512,31019694,35221060,137
United StatesGeneral government gross debtPercent of GDP See notes for: 
General government gross debt (National currency).54,83554,74757,11860,42561,49561,72961,14662,33171,60785,24594,356100,046105,031108,930111,363113,195115,394
Notes
  Country/Series-specific Notes  
  United States: Gross domestic product, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency).


United States: General government net debt (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2009
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: U.S. fiscal policy assumptions: Fiscal projections are based on the President’s fiscal year 2012 budget proposal adjusted for the final fiscal year 2011 appropriations and the IMF staff’s assessment of likely future policies adopted by Congress. Compared with the President’s budget proposal, the IMF staff assumes deeper and more front-loaded discretionary spending cuts, a further extension of emergency unemployment benefits and the payroll tax cut, and delayed action on the proposed revenue-raising measures. No explicit adjustment has been made for the provisions contained in the August Budget Control Act to the extent that the President’s budget proposal already contained significant deficit-reduction measures. The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables, different accounting treatment of the financial sector support, and are converted to the general government basis. U.S. monetary policy assumptions: Given the outlook for sluggish growth and inflation, staff expects the federal funds target to remain at near-zero levels until early 2014. This assumption is broadly consistent with the FOMC’s statement in early August that economic conditions are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 08/2011


United States: General government net debt (Percent of GDP)
See notes for:
General government net debt (National currency).


United States: General government gross debt (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2009
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: U.S. fiscal policy assumptions: Fiscal projections are based on the President’s fiscal year 2012 budget proposal adjusted for the final fiscal year 2011 appropriations and the IMF staff’s assessment of likely future policies adopted by Congress. Compared with the President’s budget proposal, the IMF staff assumes deeper and more front-loaded discretionary spending cuts, a further extension of emergency unemployment benefits and the payroll tax cut, and delayed action on the proposed revenue-raising measures. No explicit adjustment has been made for the provisions contained in the August Budget Control Act to the extent that the President’s budget proposal already contained significant deficit-reduction measures. The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables, different accounting treatment of the financial sector support, and are converted to the general government basis. U.S. monetary policy assumptions: Given the outlook for sluggish growth and inflation, staff expects the federal funds target to remain at near-zero levels until early 2014. This assumption is broadly consistent with the FOMC’s statement in early August that economic conditions are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 08/2011


United States: General government gross debt (Percent of GDP)
See notes for:
General government gross debt (National currency).


 
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