Expense in United States
United States: Expense was 6.80 trillion current LCU in 2023. ◆ Volatile
Expense in United States, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
United States recorded 6.80 trillion current LCU for expense in 2023.
The figure is up 6.0% on the previous year and up 75.9% over ten years.
Over the whole period, expense in United States peaked at 7.41 trillion current LCU in 2021 and was at its lowest, 227.66 billion current LCU, in 1972.
United States ranks 29th of 157 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 351.47 billion current LCU | 227.66 billion current LCU | 497.12 billion current LCU | 8 |
| 1980s | 900.36 billion current LCU | 587.01 billion current LCU | 1.18 trillion current LCU | 10 |
| 1990s | 1.54 trillion current LCU | 1.29 trillion current LCU | 1.74 trillion current LCU | 10 |
| 2000s | 2.66 trillion current LCU | 1.84 trillion current LCU | 3.70 trillion current LCU | 10 |
| 2010s | 4.17 trillion current LCU | 3.86 trillion current LCU | 4.85 trillion current LCU | 10 |
| 2020s | 6.85 trillion current LCU | 6.41 trillion current LCU | 7.41 trillion current LCU | 4 |
Countries ranked near United States
More public sector data for United States
- Arms imports 1.21 billion SIPRI trend indicator values (2024)
- Tax revenue 10.8% (2024)
- Taxes on income, profits and capital gains 56.3% (2024)
- Taxes on goods and services 2.1% (2024)
- Net investment in nonfinancial assets 1.5% (2024)
- Net lending (+) / net borrowing (-) -7.2% (2024)
- Interest payments 20.3% (2024)
- Grants and other revenue 2.9% (2024)
- Interest payments 12.9% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is expense in United States?
- Expense in United States was 6.80 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in United States?
- The highest recorded value was 7.41 trillion current LCU in 2021.
- What is the lowest expense recorded in United States?
- The lowest recorded value was 227.66 billion current LCU in 1972.
- How does United States rank for expense?
- United States ranks 29th out of 157 countries with data for 2023.
- Is expense rising or falling in United States?
- Over the last ten years it is up 75.9%. The long-run trend across the full record is volatile.
- Where does this United States data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.