Federal Deficit (% of GDP)

Unified budget deficit as a share of GDP — negative values indicate a deficit.

-5.8% of GDP

Trend YoY growth is +7.6%, accelerating by 26 bps/month over the last 3Y. Latest: +5.9%, 1.7 pp below trend, a 0.7σ deviation. The latest YoY reading is depressed by 3.9 pp due to an tough comparison base from Jan 1.

Level

YoY %

y = −2.0% + 26 bps/mo · t

Deviation from trend