24Peaks / North America / United States / Government Expenditure (% of GDP)

United States - Government Expenditure (% of GDP) 24.43

World Bank WDI · updated 2026-10-15 · 161 economies tracked

Latest value

24.43 (2023)

Global rank

#n/a of 161 economies

Share of global total

1.0%

Growth since 1972

1.37×

Ranking Race — Government Expenditure (% of GDP)

1 = global #1 · higher value ranks higher

#1#22#43#64#85#106#1271972198219922002201220222024#21#512021 overtook Azerbaijan2023 overtook Fiji
United StatesBotswanaTanzania

Real annual global ranks, 1972 - 2024. United States climbed from #21 to #51 (overtook Azerbaijan). Gaps in a lane = missing data that year.

Key events for United States ↓

Key Events — United States

Auto-detected from rank data + curated milestones

1987
Black Monday stock crash curated

Dow falls 22.6% in a single day, triggering global market turbulence.

2008
Global financial crisis curated

Lehman Brothers collapse sets off the worst recession since the 1930s.

2020
Climbed 21 places in global rank auto
2020
COVID-19 recession curated

Sharpest quarterly GDP contraction on record as the pandemic hits.

2021
Overtook Azerbaijan in global rank auto
2022
Fell 16 places in global rank auto
2023
Overtook Fiji in global rank auto
2023
Climbed 17 places in global rank auto

Government Expenditure (% of GDP), 1972-2023

World Bank WDI · % of GDP · linear scale · ranking in the race above
1972198720022017202317.822.4727.1331.8

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