Economy · Government debt and deficits
| Year | Average | Year close |
|---|---|---|
| 1929 | 0.70% | 0.70% |
| 1930 | 0.80% | 0.80% |
| 1931 | −0.60% | −0.60% |
| 1932 | −4.59% | −4.59% |
| 1933 | −4.55% | −4.55% |
| 1934 | −5.37% | −5.37% |
| 1935 | −3.78% | −3.78% |
| 1936 | −5.07% | −5.07% |
| 1937 | −2.36% | −2.36% |
| 1938 | −0.10% | −0.10% |
| 1939 | −3.05% | −3.05% |
| 1940 | −2.84% | −2.84% |
Source: FRED FYFSGDA188S (Federal Surplus or Deficit [-] as Percent of Gross Domestic Product). Federal Reserve Bank of St. Louis.
Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).
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