us consumer spending as a percentage of gdp
Consumer spending In 1929, consumer spending was 75% of the nation's economy. This grew to 83% in 1932, when business spending dropped. Consumer spending dropped to about 50% during World War II due to large expenditures by the government and lack of consumer products. Consumer spending in the US rose from about 62% of GDP in 1960, where it stayed until about 1981, and has since risen to 71% in 2013.[2]
Expenditures in the United States federal budget During FY2016, the federal government spent $3.27 trillion on a budget or cash basis, up $18 billion or 1% vs. FY2015 spending of $3.25 trillion. Major categories of FY 2016 spending included: